NATIONAL HEALTHCARE CORP (NHC)
Health Care · Senior living and post-acute care operator · Nyse Mkt Llc
Multi-state operator of skilled nursing, assisted living, and behavioral health facilities serving seniors and post-acute care patients, with additional healthcare management and real estate leasing operations.
What NATIONAL HEALTHCARE CORP does
National HealthCare Corporation operates a diversified network of skilled nursing facilities, assisted living facilities, independent living facilities, and behavioral health hospitals, along with homecare and hospice agencies, across 9 states primarily in the Southeastern and Midwestern United States. The company provides sub-acute and post-acute care, memory and Alzheimer's care, rehabilitative therapy, and senior living services, with 96.8% of revenues derived from healthcare services. In addition to operating its own facilities, NHC provides management services, accounting and financial services, and insurance services to third-party healthcare operators, and owns the real estate of 10 healthcare properties that it leases to third-party operators.
Themes: ["Senior living / long-term care","Skilled nursing facilities","Post-acute care","Alzheimer's and memory care","Behavioral health services","Home health and hospice","Rehabilitative therapy","Healthcare real estate (property leasing)"]
Fundamentals
- Price$214.18 as of 2026-07-09 close
- Market cap$3.3B as of 2026-07-10
- 1-year return+106.5% as of 2026-07-09 close
- P/E26.71 as of 2026-07-10
- Net margin+8.1% as of 2026-07-10
- Gross margin+39.2% as of 2026-07-10
- ROE+11.7% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+10.3% as of 2026-07-10
- Revenue CAGR (3y)+11.8% SEC XBRL
- Beta0.65 as of 2026-07-10
Dividend: yield +1.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Occupancy and census rates in nursing facilities are subject to competitive pressures, with the filing noting overbuilding in certain assisted living markets; SNF overall census was 89.7% in 2025","Reimbursement rates from Medicare and third-party payors can fluctuate based on regulatory changes and government policies, impacting margins on a significant portion of patient revenues","Labor cost pressures: salaries, wages, and benefits represent the largest operating cost category (61.5% of total costs in Q1 2026), making the company vulnerable to wage inflation and staffing challenges in the healthcare sector"]
Competitors & peers
- Brookdale Senior Living (BDL)
- Sabra Health Care REIT (SBRA)
- Omega Healthcare Investors (OHI)
- LTC Properties (LTC)
- Ensign Group (ENSG)
- Five Star Senior Living
- Capital Senior Living (CSU)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.