NHC to Acquire White Oak Senior Living Portfolio

National HealthCare Corporation (NYSE American: NHC), a national leader in senior care, announced that on May 31, 2024 it entered a Purchase and Sale Agreement to acquire the White Oak Senior Living (“White Oak”) portfolio operating in North Carolina and South Carolina, including its long-term care pharmacy. White Oak’s portfolio consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing facilities, one of which also includes assisted and independent living units. The White Oak acquisition will add 1,928 skilled nursing beds, 48 assisted living units, and 302 independent living units to NHC’s current operations.

Read the full article: NHC to Acquire White Oak Senior Living Portfolio //

Source: https://www.businesswire.com/news/home/20240603384668/en/NHC-to-Acquire-White-Oak-Senior-Living-Portfolio

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