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National HealthCare Corp Announces Transactions With National Health Investors, Inc

Tuesday, 3 Sep 2013 05:00am EDT 

National HealthCare Corporation announced that the completion of the purchase of six skilled health care centers from National Health Investors, Inc. (NHI). The six centers, which are located in Columbia (2), Knoxville and Springfield, Tennessee; Madisonville, Kentucky; and Rossville, Georgia, have been leased by NHC since 1991 and have a total of 650 beds. With the purchase of the six centers, NHC's lease payment will decrease by $2,950,000 annually. In addition, the Company also announced the Master Agreement to Lease with NHI was extended through December 31, 2026 for 38 skilled health care centers and three independent living centers. 

Company Quote

0.18 +0.31%
24 Oct 2014