NHC opens South Carolina facility
Posted on March 5, 2010 at 7:41 amNational HealthCare Corp. has opened a $22.6 million 120-bed skilled nursing and dementia care facility in South Carolina, giving the company 14 locations in the state with more than 2,100 beds.
Earlier this week, the Murfreesboro-based company (Ticker: NHC) told NashvillePost.com it’s planning a $23 million, 150-bed facility in Nashville.
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NHC controls expenses, grows Q4 income
Posted on March 2, 2010 at 9:09 amNational HealthCare Corp. increased its fourth quarter income by 79 percent, to $4.9 million, on tight expense control.
The long term care company had a 4 percent increase in revenues, to $168 million, but its expenses crept up a mere $314,000. Earnings per share in the quarter were 37 cents, compared to 21 cents in Q4 2008.
For the full year, NHC had income of $31.3 million, or $2.31 per share, compared to $27.6 million, or $21.6 per share. Revenues for 2009 were up about 5 percent to $668 million.
The company’s stock (Ticker: NHC) was trading higher Tuesday morning on the news.
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NHC director in option deal
Posted on January 4, 2010 at 9:57 amLawrence Tucker, a Brown Brothers Harriman exec whose firm has been selling plenty of National HealthCare Corp. shares lately, last week spent $350,000 to exercise a batch of options that would have expired in May. NHC shares (Ticker: NHC) are about 11 percent above Tucker’s exercise price.
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Big NHC investor dips under 5%
Posted on December 29, 2009 at 8:21 amIra Sochet, a former Wall Street exec who has held a big stake in National HealthCare Corp. for more than four years, last month continued to sell many of his shares in the company (Ticker: NHC), crossing through the 5 percent threshold. Sochet had built up his stake in Murfreesboro-based NHC to almosts 10 percent in 2008, but has been a steady seller since the summer.
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1818 dumps more NHC
Posted on December 18, 2009 at 11:10 amThe 1818 Fund, which is run by Brown Brothers Harriman, has sold another 19,900 shares of National HealthCare Corp., which counts a BBH exec among its directors. 1818 now owns about 4.3 percent of NHC shares (Ticker: NHC), which is down from 5.9 percent in the spring.
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NHC director’s firm still selling
Posted on December 15, 2009 at 7:57 amNew York investment house Brown Brothers Harriman continues to trim its stake in National HealthCare Corp., where one of its execs is a board member. The firm last Friday sold more than $400,000 worth of NHC (Ticker: NHC), trimming its ownership in the Murfreesboro company to less than 4.5 percent. Early this year, that number stood at almost 6 percent.
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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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