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News Breaks
December 28, 2012
05:06 EDTNHI, NHCNational Healthcare purchases six health care centers from National Health Investors
National Healthcare (NHC) announced the purchase of six skilled health care centers from National Health Investors (NHI). The six centers, which are located in Columbia, Knoxville and Springfield, Tennessee, Madisonville, Kentucky and Rossville, Georgia, have been leased by NHC since 1991 and have a total of 650 beds. The purchase price is $21M and the transaction will close on December 31, 2013. In addition, the company also announced the extension of a master lease with NHI through December 31, 2026 for 38 skilled health care centers and three independent living centers. With the purchase of the six previously leased centers mentioned above, NHC's lease payment will decrease by $2.95M beginning in 2014.
News For NHC;NHI From The Last 14 Days
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October 9, 2015
14:55 EDTNHCNobilis Health slumps after short-seller calls for 65% downside
A Seeking Alpha contributor who disclosed short positions in shares of both Nobilis Health (HLTH) and National Healthcare (NHC), going by the alias "The Emperor Has No Clothes," published a report earlier that claimed the shares of Nobilis have downside potential of 65% or more. According to the blog post author, Nobilis' management team have experience with prior roll ups losing over 90% of shareholder value. Additionally, the short-seller points to "accounting red flags" at the company, such as CFO changes, auditor resignations and potentially overstated revenues. The blog also claims the company "appears to be guiding for unachievable targets." WHAT'S NOTABLE: Nobilis Health, at the request of Market Surveillance on behalf of the Toronto Stock Exchange, issued a press release stating that the company is not aware of any material undisclosed development that has caused the downward movement in the company's share price. PRICE ACTION: Shares of Nobilis trading in New York fell 23.7% to $4 in New York trading this afternoon.
October 5, 2015
16:38 EDTNHINational Health Investors appoints Eric Mendelsohn CEO
National Health Investors announced the appointment of Eric Mendelsohn as President and CEO, effective October 5. Mr. Mendelsohn has served as the Company's interim CEO since the beginning of August. Mr. Mendelsohn was named interim CEO in August 2015 and joined NHI in January 2015 as EVP of Corporate Finance. He has over 15 years of healthcare real estate and financing experience. Previously, Mr. Mendelsohn was with Emeritus Senior Living for nine years, most recently as a SVP of Corporate Development where he was responsible for leading the transactions team which included large transactions such as a $3B joint venture with Blackstone and the $278M Summerville merger.

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