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Stock Market & Financial Investment News

News Breaks
December 28, 2012
05:08 EDTNHI, NHCNational Health Investors extends lease to National Healthcare through 2026
National Health Investors (NHI) announced the extension of a master lease with National Healthcare Corporation (NHC) through December 31, 2026, for 38 skilled nursing facilities and 3 independent living facilities. Additionally, NHC agreed to a $21M purchase price for six older skilled nursing facilities from the existing portfolio. Rent revenue from NHC is $33.7M per year, plus an additional percentage of revenue growth over a base year. Effective January 1, 2014, NHC's annual base rent will decrease by $2.95M.
News For NHI;NHC 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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