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National Healthcare (NHC) has provided an update.
National HealthCare Corporation (NHC) secured a $200 million senior credit facility from Bank of America to support general corporate activities, including acquisitions and working capital. They can prepay without penalty and adjust commitments as needed. Additionally, NHC has completed a major acquisition of the White Oak Senior Care Business and long term care pharmacy for over $221 million, further expanding its portfolio of skilled nursing and retirement facilities across North and South Carolina. This strategic move, announced in a recent press release, is part of NHC’s growth strategy in the healthcare sector.
See more insights into NHC stock on TipRanks’ Stock Analysis page.
