209.74
+0.43%
Close of 9 Nov 2026, in USD
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About National Healthcare
From its filings with the US Securities and Exchange Commission
National Healthcare is based in Murfreesboro, Tennessee and is incorporated in Delaware. Its shares trade on NYSE under the ticker NHC. The SEC classifies its business as skilled nursing care facilities. In the fiscal year to 31 December 2025, it reported revenue of $1.52bn and net income of $120.0m. At that date it held total assets of $1.53bn and shareholders' equity of $1.07bn.
Skilled Nursing Facilities. The most significant portion of our business and the base for our other health care services is the operation of our skilled nursing facilities (“SNF’s”). In our facilities, experienced medical professionals provide medical services prescribed by physicians. Registered nurses, licensed practical nurses, and certified nursing assistants provide comprehensive, individualized nursing care 24 hours a day. In addition, our facilities provide licensed therapy services, quality nutrition services, social services, activities, and housekeeping and laundry services. Revenues from the 72 facilities we own or lease are reported as net patient revenues in our financial statements. Management fee income is recorded as other revenues from the eight facilities that we manage. We generally charge 6% of facility net operating revenues for our management services.
The following table shows the occupancy percentages for our owned and leased skilled nursing facilities. We define occupancy percentage as the ratio of actual patient days during any measurement period to the number of operational beds in a facility. The number of beds that are operational may be less than the licensed bed capacity. The reduction of operational beds compared to licensed beds occurs for a variety of reasons, some of which include conforming to government requirements, improving operational efficiencies, or enhancing the patient experience. We believe reporting occupancy based on operational beds is consistent with industry practice and provides a more meaningful measure of performance.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Providers & Services
- Listed since
- 13 Jul 1983
- Employees
- 15,278
- Website
- nhccare.com ↗
- Head office
- 100 E. VINE ST, MURFREESBORO, TN, 37130
- Incorporated in
- DE
- Classification
- Services-Skilled Nursing Care Facilities
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Robert AdamsNon-Executive Independent Chairman of the Board, since 1993$258,410
- Mr. R. Michael UsseryPresident, Chief Operating Officer$2.0m
- Mr. Stephen FlattChief Executive Officer, Director, since 2005$2.2m
- Mr. Brian KiddChief Financial Officer, Senior Vice President$1.1m
- Mr. B. Anderson FlattSenior Vice President, Chief Information Officer$1.0m
- Mr. Josh MccrearySenior Vice President, General Counsel, Secretary$1.1m
- Ms. Vicki DodsonSenior Vice President - Patient Services
- Mr. Timothy ShellySenior Vice President - Operations
- Dr. J. Paul AbernathyIndependent Director$258,410
- Mr. Emil HassanIndependent Director$258,410
- Mr. Richard LarocheIndependent Director, since 1971$270,410
- Ms. Sandra TrailIndependent Director$254,410
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 40
- Environment
- 26
- Social
- 36
- Governance
- 59
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong reputation in the healthcare industry for quality care and services.
- Extensive network of healthcare facilities and clinics, providing broad access to healthcare services.
- Skilled and experienced healthcare professionals committed to delivering superior patient care.
- Robust technology infrastructure supporting efficient healthcare operations and information management.
Weaknesses
- Relatively high operating costs compared to competitors.
- Limited geographic presence, potentially missing out on certain market opportunities.
- Dependence on third-party payers for reimbursement, increasing vulnerability to changes in healthcare policies.
Opportunities
- Increasing demand for healthcare services due to aging population and chronic disease prevalence.
- Expansion into new geographic regions to capture untapped market potential.
- Collaboration with insurance providers to enhance access and affordability of healthcare services.
Threats
- Intense competition from other healthcare providers offering similar services.
- Potential regulatory changes impacting reimbursement and healthcare policies.
- Economic downturns affecting consumers' ability to afford healthcare services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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