NHC Reports Second Quarter EarningsPosted 08/01/2013
For release: August 1, 2013
Contact: Gerald Coggin, Sr. VP of Corporate Relations
Phone: (615) 890-2020
MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), the nation’s oldest publicly traded senior health care company, today announced net income available to common shareholders for the quarter ended June, 2013 of $12,174,000 compared to $11,387,000 for the quarter ended June 30, 2012, an increase of 6.9%. Net income was $0.88 per common share basic for the quarter ended June 30, 2013 compared to $0.82 per common share basic for the quarter ended June 30, 2012.
Revenues for the three months ended June 30, 2013 totaled $192,011,000 compared to $187,668,000 for the same three months of 2012, an increase of 2.3% despite the automatic 2% cuts known as “sequestration” that began on April 1, 2013 for Medicare providers.
Operating results for the second quarter of 2013 compared to the same quarter last year were favorably impacted by an improved patient mix, as well as the continued effort to implement cost saving measures to reduce expenses in our skilled nursing facilities.
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