Daily News: October 25, 2012

NHC Renews $75 Million Credit Line With Bank of America


National HealthCare Corporation (NHC), an operator of long-term health care and assisted living facilities, announced 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.