National HealthCare (NHC)
Operator of skilled nursing and connected senior-care services across the Southeast and Midwest.
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Provides skilled nursing and a connected continuum of senior living, rehabilitation, home health, hospice, behavioral health, pharmacy, and institutional Medicare Advantage services. Patient services generate most revenue, with operations tied together through an ESOP-owned affiliate that employs its workforce.
Runs a continuum of senior-care services centered on skilled nursing: assisted and independent living, rehabilitation, home health, hospice, behavioral health, pharmacy, and an institutional Medicare Advantage plan. Its operations are concentrated across the Southeastern and Midwestern United States, with inpatient services serving as the economic center.
Earns most revenue from patient services while also managing facilities and providing accounting, insurance, and real-estate services. Referrals, rehabilitation capability, local reputation, and patient-centered care support its model.
Medicare and Medicaid collectively supply most patient revenue, while operations depend on labor availability, occupancy, referral relationships, and compliance with federal and state reimbursement, licensing, quality, and billing rules. All personnel, including management, are employed by an ESOP-owned administrative affiliate.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $265.9M · Total debt $31.4M · Total assets $1.54B · Shareholders' equity $1.12B
- Revenue
- $408.0M
- Operating income
- $48.9M
- Net income
- $40.3M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 66.24% | 10.37M shares | |
|---|---|---|---|
| 255 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.54% | 867.8K shares | |
| 6 holders · as of Sep 14, 2026 | |||
| Other | ≈ 28.22% | 4.42M shares | |
| remainder | |||
15.66M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.62% | 1.98M | as of Jun 30, 2026 |
Morgan Stanley Institutional Investment Advisors LLCInstitution | 6.57% | 1.03M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.94% | 929,692 | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.17% | 809,224 | as of Jun 30, 2026 |
First Trust Portfolios L.P.Institution | 5.08% | 795,771 | filed Jul 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Josh A. McCreary | officer: Senior VP & General Counsel | −2,719 | $224.23 |
| Sep 11, 2026 | Brian F. Kidd | officer: SVP, CFO | −6,813 | $225.70 |
| Aug 28, 2026 | Ben Anderson Sr Flatt | officer: Senior VP & CIO | −1,000 | $222.50 |
| Aug 25, 2026 | Ben Anderson Sr Flatt | officer: Senior VP & CIO | −1,000 | $227.00 |
| Aug 20, 2026 | Ben Anderson Sr Flatt | officer: Senior VP & CIO | −1,000 | $237.00 |
- The Ensign Group
Closest public peer in skilled nursing, rehabilitation, and senior living.
- Brookdale Senior Living
Broad senior-living rival in independent, assisted, and memory care.
- Addus HomeCare
Regional rival in home health and hospice services.
- Acadia Healthcare
Large behavioral-health operator competing for adult and geriatric care.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National HealthCare | $221.08 | −1.00% | $3.49B | 25.1 | — | 2.2 | +9.4% |
| The Ensign Group | $176.73 | +1.30% | $10.17B | 27.3 | 21.6 | 1.9 | +17.3% |
| Brookdale Senior Living | $11.43 | +0.40% | $2.72B | — | 527.3 | 0.9 | −11.6% |
| Addus HomeCare | $116.21 | +0.74% | $2.15B | 20.2 | 16.1 | 1.5 | +8.0% |
| Acadia Healthcare | $29.37 | +3.52% | $2.64B | — | 17.7 | 0.8 | −0.4% |
| Median | 23.8 | 19.6 | 1.2 | +3.8% |