National HealthCare Corp. completed the $50.5 million acquisition of five skilled nursing facilities from National Health Investors, according to a filing with the Securities and Exchange Commission. Four of the SNFs are in Tennessee, and the other is in South Carolina. NHC affiliate Tennessee HealthCare Advisors is the manager of the Tennessee facilities. NHC affiliate South Carolina HealthCare Advisors is the manager of the South Carolina property. The sale is part of Murfreesboro, TN-based real estate investment trust NHI’s previously announced agreement to sell 32 SNFs and three independent living communities to NHC for $560 million.
Read the full article: National Healthcare Corp. Completes $50.5M Acquisition of 5 SNFs from National Health Investors //
Source: https://www.mcknightsseniorliving.com/news/national-healthcare-corp-completes-50-5m-acquisition-of-5-snfs-from-national-health-investors/