National HealthCare Corporation (NYSEMKT:NHC) Files An 8-K Reports Third Quarter Earnings

National HealthCare Corporation (NYSEMKT:NHC), the nation’s oldest publicly traded senior health care company, today announced net income available to common shareholders for the quarter ended September 30, 2016 of $11,110,000 compared to $10,415,000 for the quarter ended September 30, 2015, an increase of 6.7%. Excluding the operating losses from the two newly constructed skilled nursing facilities, two assisted living facilities, and one memory care facility placed in service in 2015 and 2016, net income available to common shareholders for the quarter ended September 30, 2016 would have been $12,947,000.

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Net operating revenues for the three months ended September 30, 2016 totaled $231,281,000 compared to $225,386,000 for the same three months of 2015, an increase of 2.6%.  Net income was $0.73 per common share basic for the quarter ended September 30, 2016 compared to $0.75 per common share basic for the quarter ended September 30, 2015.

About NHC

NHC affiliates operate for themselves and third parties 74 skilled nursing centers with 9,398 beds.  NHC affiliates also operate 36 homecare programs, five independent living centers and 21 assisted living communities. NHC’s other services include Alzheimer’s units, long-term care pharmacies, hospice, a rehabilitation services company, and providing management and accounting services to third parties. Other information about the Company can be found on our web site at www.nhccare.com.

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