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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Looking for seniors who’ll part with their money?
Posted on September 21, 2009 at 1:44 pm
There are likely to be a bunch of ‘em Tuesday at Lipscomb’s Allen Arena, which will host the Expo 50 fair showcasing all kinds of products catering to the older crowd.
Products from hot tubs to walk-in tubs or a sunny vacation to a screened-in sunroom; services from Medicare advocacy groups to social opportunities will be on-hand in this gathering of senior living organizations. Entertainment, product demonstrations and informational seminars will be held throughout the day.
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Local lender funds East Tenn. nursing home
Posted on August 24, 2009 at 8:23 amThe Nashville outpost of Deutsche Bank Berkshire Mortgage has arranged funding for Trinity Senior Living to build its third nursing home in the Knoxville area.
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Money manager picks up another Advocat chunk
Posted on August 20, 2009 at 7:51 amMarlin Capital Partners has stepped up its purchasing of nursing home operator Advocat. The Texas-based money manager, which started its recent round of buying last week, snapped up another 81,000 shares of Brentwood-based Advocat (Ticker: AVCA) on Monday and Tuesday, raising its stake to 12.8 percent.
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Marlin nibbles some more at Advocat
Posted on August 18, 2009 at 7:32 amThe Texas-based money management firm Marlin Capital Partners continues to add to its stake in Advocat, buying another 9,500 shares late last week. The buying has helped of late, but shares of Brentwood-based Advocat (Ticker: AVCA) are still about 40 percent below year-ago levels.
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Big Advocat owner buys more
Posted on August 13, 2009 at 3:14 pm
Marlin Capital, the Dallas money manager that bought big into Advocat last year, has acquired a few more shares of the senior housing provider. The firm, which is represented by Chad McCurdy on Advocat’s board, now owns 11.2 percent of Advocat (Ticker: AVCA), which is up 50 percent so far this month.
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Brookdale exec trims stake
Posted on at 7:22 amCo-President and COO John Rijos sold almost 29,000 of his shares in the senior housing company (Ticker: BKD) to help him pay taxes on the vesting of some restricted shares. The sales raised about $500,000.
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Monday movers: Brookdale, Gaylord
Posted on August 10, 2009 at 10:20 amSeveral Nashville-area stocks have started their week off right, picking up on the strong end to their last week. Brookdale and Gaylord are up more than 3 percent and 5 percent, respectively.
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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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Locals’ shares pop on profit news
Posted on August 4, 2009 at 3:07 pm
Shares of Brookdale, Gaylord and LP are up more than 16 percent after reporting second-quarter profits that topped analysts’ expectations. HealthSpring investors appear a little concerned about the company’s rising medical loss ratio.
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A new boss for Brookdale majority owner
Posted on July 21, 2009 at 9:58 amDaniel Mudd, the former CEO of Fannie Mae, has been named top dog at Fortress Investment Group, the struggling asset manager whose holdings include a 60-percent in Brentwood’s Brookdale Senior Living.
SEE ALSO: Fortress’ disclosure that it plans to shed most of its Brookdale holdings.
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Brookdale’s tally: $164M
Posted on June 9, 2009 at 8:14 amThe banks running the stock offering for the nursing home operator (Ticker: BKD) exercised their option to sell a few more shares and, after paying off a credit line, now has $39 million more to bank.
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