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Stock Market & Financial Investment News

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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May 11, 2015
05:32 EDTNHCNational Healthcare announces $25M stock repurchase program
National HealthCare announces that its board, at a regularly scheduled meeting, has authorized two new stock repurchase programs. One of the programs will allow for repurchases of up to $25M of its common stock and the other program will allow for the repurchase of up to $25M of its preferred stock. Both of the new stock purchase plans expire on August 31, 2016. These stock purchase plans replace the stock purchase plan previously approved by the board on August 5, 2014.

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