NHC Reports First Quarter Earnings
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 for the quarter ended March 31, 2015 of $11,074,000 compared to $11,061,000 for the quarter ended March 31, 2014. Excluding the operating losses from the newly constructed or leased skilled nursing facilities placed in service less than twelve months ago, net income available to common shareholders for the quarter ended March 31, 2015 would have been $11,903,000, which is an increase of 7.6% over the same three month period in 2014.
Net revenues for the three months ended March 31, 2015 totaled $222,407,000 compared to $210,531,000 for the same three months of 2014, an increase of 5.6%. Net income was $0.80 per common share basic for the quarters ended March 31, 2015 and 2014.
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