NHC Reports Second Quarter Earnings

MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE MKT: NHC), the nation’s oldest publicly traded senior health care company, today announced net income available to common shareholders for the quarter ended June 30, 2016 of $11,866,000 compared to $10,191,000 for the quarter ended June 30, 2015, an increase of 16.4%. Excluding the operating losses from the newly constructed skilled nursing facility, assisted living facility, and memory care facility placed in service less than twelve months ago, net income available to common shareholders for the quarter ended June 30, 2016 would have been $12,312,000.

Net operating revenues for the three months ended June 30, 2016 totaled $227,768,000 compared to $224,902,000 for the same three months of 2015, an increase of 1.3%. Net income was $0.78 per common share basic for the quarter ended June 30, 2016 compared to $0.74 per common share basic for the quarter ended June 30, 2015, an increase of 5.4%. View as PDF