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NHC Reports Year End Earnings

Posted 02/15/2017

MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE MKT: NHC), the nation's oldest publicly traded long-term health care company, today announced net operating revenues for the year ended December 31, 2016 totaled $926,638,000 compared to $906,622,000 for the year ended December 31, 2015, an increase of 2.2%. For the year ended December 31, 2016, net income available to common shareholders was $50,538,000 compared to $46,324,000 for the 2015 year, an increase of 9.1%. Excluding the operating losses from the two newly constructed skilled nursing facilities and two assisted living facilities placed in service in 2016 and 2015, net income available to common shareholders for the year ended December 31, 2016 would have been $55,164,000, which is an increase of 13.5% over the 2015 year. Net income was $3.34 per share basic for each of the years ended December 31, 2016 and 2015.

Net operating revenues for the three months ended December 31, 2016 totaled $238,001,000 compared to $233,927,000 for the same three months in 2015, an increase of 1.7%. Fourth quarter of 2016 net income available to common shareholders was $13,863,000, or $0.92 per basic share, compared to $14,644,000, or $1.03 per basic share, in the fourth quarter of 2015. View as PDF

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National HealthCare Corporation  ·  100 East Vine Street  ·  Murfreesboro, TN    37130  ·  P: (615) 890-2020  ·  F: (615) 890-0123

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