Daily News: October 23, 2014

BofA Renews NHC $75 Million Credit Line

National HealthCare, the nation’s oldest publicly traded senior health care company, announced that it has renewed its $75 million line of credit with Bank of America.

Robert Adams, CEO, stated “We are pleased to complete our seventh amendment to our Credit Agreement with Bank of America. The credit facility allows us the financial flexibility to continue to implement our strategy of expanding our continuum of post-acute care services, which includes skilled nursing, assisted living, homecare and hospice.”

NHC affiliates operate for themselves and third parties 73 long-term health care centers with 9,410 beds.