NHC Reports a 17.4% Increase in Net Income Available to Common Shareholders

For release: May 6, 2010
Contact: Gerald Coggin, Sr. VP of Corporate Relations
Phone: (615) 890-2020

MURFREESBORO, Tenn. – National HealthCare Corporation (NYSE Amex: NHC; NYSE Amex: NHCPR.A), a publicly traded long-term health care company, today announced net income available to common shareholders for the quarter ended March 31, 2010 of $8,239,000 compared to $7,016,000 for the quarter ended March 31, 2009, an increase of 17.4%.

Revenues for the three months ended March 31, 2010 totaled $172,037,000 compared to $164,689,000 for the same three months of 2009. Net income was $.60 per common share basic for the quarter ended March 31, 2010 compared to $.53 per common share basic for the quarter ended March 31, 2009.

Highlights of the quarter include the opening of a new 120-bed skilled care and dementia center in Bluffton, South Carolina and a new 45-unit assisted living community in Mauldin, South Carolina.

PRINT 2010 First Quarter Earnings Release with financial tables.