About                                  News                Locations                     Services




News

NHC Reports Year End Earnings

Posted 02/24/2014

For release: February 24, 2014
Contact: Gerald Coggin, Senior VP of Corporate Relations
Phone: (615) 890-2020

MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), the nation’s oldest publicly traded long-term health care company, today announced net income available to common shareholders of $55,942,000 or $4.05 per share basic for the year ended December 31, 2013, compared to $50,629,000 or $3.65 per share basic for the year ended December 31, 2012. Annual net operating revenues in 2013 increased 3.7% from $761,002,000 to $788,957,000, despite the automatic 2% cuts known as “sequestration” that began on April 1, 2013 for Medicare providers.

Operating results for the 2013 year compared to the 2012 year were favorably impacted by a gain on the recovery of notes receivable in the amount of $5,454,000 (approximately $3,327,000 after income taxes), by the positive results within our accrued risk reserves, as well as the continued efforts to reduce expenses in our skilled nursing facilities.
Fourth quarter of 2013 net income available to common shareholders was $14,421,000 or $1.04 per basic share, compared to $13,727,000 or 99 cents per basic share in the fourth quarter of 2012, an increase of 5.1%. Net operating revenues for the fourth quarter of 2013 increased 6.6% from $193,977,000 to $206,796,000.

Click here to download the NHC 2013 Year-End Earnings Release with Consolidated Statements of Income (PDF).



Share this page:







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

HOME   |   OUR COMPANY   |   WHAT WE DO   |   FIND AN NHC NEAR YOU   |   NHC NEWS   |   INVESTOR INFO   |   CAREERS AT NHC   |   CONTACT US




© 2017 NHC, National HealthCare Corporation An Equal Opportunity Employer | Non-Discrimination Statement | Code of Conduct | Privacy Notice |