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Jun 30, 2021
NHC Q2 2021 Earnings Report
NHC's financial performance for Q2 2021 was reported, marked by revenue growth and a significant increase in net income due to the Caris HealthCare acquisition.
Key Takeaways
National HealthCare Corporation reported a rise in net operating revenues and CARES Act income to $263.158 million. GAAP net income attributable to NHC increased significantly to $104.883 million, primarily due to the acquisition of Caris HealthCare, L.P. Adjusted net income, excluding the acquisition gain and other non-GAAP adjustments, was $15.077 million.
Net operating revenues and CARES Act income increased to $263.158 million compared to $261.642 million in the same quarter of the previous year.
GAAP net income attributable to NHC was $104.883 million, a substantial increase from $28.324 million in the prior year, driven by the Caris HealthCare acquisition.
GAAP diluted earnings per share rose to $6.80, compared to $1.84 in the same period last year.
Adjusted diluted earnings per share were $0.98, up from $0.92 in the corresponding quarter of the previous year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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