NHC Announces Renewal of $75 Million Credit Line
MURFREESBORO, Tenn. -- October 25, 2012
National HealthCare Corporation (NYSE MKT: NHC)(NYSE MKT: NHC.PRA), one of the
nation’s leading operators of long-term health care and assisted living
facilities, announced today that it has renewed its one year $75 million line
of credit with Bank of America.
Robert Adams, CEO, stated: “With the renewal of our credit arrangement with
Bank of America, we continue to have access to ample financial resources to
develop growth opportunities across all areas of senior care.”
NHC affiliates operate for themselves and third parties 75 long-term health
care centers with 9,460 beds. NHC affiliates also operate 37 homecare
programs, six independent living centers and 17 assisted living communities.
NHC’s other services include Alzheimer’s units, long-term care pharmacies,
hospice, a rehabilitation services company, and providing management and
accounting services to third parties. Other information about the company can
be found on our web site at www.nhccare.com.
This press release contains “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. All forward-looking statements speak only as of
the date of this press release. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance, achievements or transactions of NHC and its respective
affiliates to be materially different from any future results, performance,
achievements, and transactions. Additional information or factors which could
impact the companies and the forward-looking statements contained herein are
included in each company’s filings with the Securities and Exchange
Commission. The companies assume no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offering of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the Securities Act
of 1933, as amended.
National HealthCare Corporation
Gerald Coggin, Sr. V.P. Investor Relations, 615-890-2020
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