NHC beats estimates
Posted on November 6, 2009 at 7:55 am
Ho-hum. Another solid quarter from National HealthCare Corp., where third-quarter profits per diluted share of 74 cents handily topped analysts’ expectations. Patient days were flat, pricing was up a bit and operating profits grew almost 12 percent and a 5 percent rise in revenue.
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A little buying power?
Posted on October 28, 2009 at 7:48 amNational Healthcare Corp. (Ticker: NHC) has renewed its $75 million line of credit with Bank of America for another year. The Murfreesboro-based operator of long-term care and senior-living facilities said the available money will help it take advantage of growth opportunities in the senior care market.
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NHC to train geriatric physical therapists
Posted on October 15, 2009 at 10:01 amNational HealthCare Corp. (Ticker: NHC) has received accreditation from the American Physical Therapy Association for a clinical residency program to train geriatric clinical specialists. The senior care company said the program will help develop its staff and attract new clinicians.
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NHC director’s firm still slimming down stake
Posted on September 30, 2009 at 7:04 am
The 1818 Fund II run by investment house Brown Brothers Harriman continues to be a seller of National HealthCare Corp. shares – even though one of its principals sits on NHC’s board. The fund, which last week said it had sold about 170,000 NHC shares since the spring, on Monday dumped another $240,000 worth of its stake. NHC (Ticker: NHC) has fallen some 27 percent this year versus an 18 percent gain for the S&P 500.
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NHC chugs along
Posted on August 7, 2009 at 7:37 am
The Murfreesboro-based operator of nursing homes posted second-quarter profits of $9.2 million, up 26 percent from a year ago. Earnings per share came in at 67 cents, eight cents above analysts’ expectations. Pricing gains — especially on Medicare business — drove the gains, as patient days fell slightly.
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NHC-owned insurer upgraded
Posted on May 19, 2009 at 11:20 pmA.M. Best says Premier Group Insurance, a small company that writes workers’ comp business, is in good enough shape to be called ‘excellent.’
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NHC buys in Carolina
Posted on January 6, 2009 at 6:58 pmThe acquisition of five Advantage Hospice and Home Care locations gives the Murfreesboro company (Ticker: NHC) an almost statewide coverage area. NHC outlined at its expansion plans in last quarter’s 10-Q.
In 2008, we are continuing to develop an active hospice program in South Carolina independently of our partnership with Caris Healthcare and are also exploring opportunities to expand our home health care services.
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These days, breaking even is winning big
Posted on December 11, 2008 at 10:05 pmFlorida-based investor Ira Sochet has sold off a net of some 60,000 NHC shares since mid-October. Sochet – who added to his holdings in May and June – sold into NHC’s recent rally, bringing his stake in the nursing home operator (Ticker: NHC) back down to 8 percent.
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