Mergers & Acquisitions ·
National HealthCare Corporation consummated a $560 million cash transaction to purchase 32 skilled nursing facilities…
NHCNational Healthcare Corp
National HealthCare Corporation consummated a $560 million cash transaction to purchase 32 skilled nursing facilities and three independent living facilities from National Health Investors, Inc. The purchase was funded through a $475 million senior unsecured term loan and $55 million from a senior unsecured revolving credit facility, alongside cash on hand. Additionally, the company's senior unsecured revolving credit facility was increased from $50 million to $75 million via a first amendment to its Credit Agreement. National HealthCare Corporation operates in the healthcare industry, providing senior care services.