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Sep 30, 2021
NHC Q3 2021 Earnings Report
NHC reported a net loss attributable to NHC of $3,348,000 and adjusted net income of $14,884,000, driven by the acquisition of Caris Healthcare and increased census in skilled nursing facilities.
Key Takeaways
National HealthCare Corporation reported a GAAP net loss attributable to NHC of $3,348,000 for the quarter ended September 30, 2021, compared to net income of $12,849,000 for the same period in 2020. However, adjusted net income, excluding unrealized losses in marketable equity securities, increased by 10.5% to $14,884,000. The increase in net operating revenues was primarily driven by the acquisition of Caris Healthcare and an increase in census in skilled nursing facilities.
Net operating revenues and CARES Act income increased by 10.4% to $276,737,000 compared to the same quarter in the previous year.
The net operating revenues increase was primarily driven by the acquisition of Caris Healthcare.
Census in skilled nursing facilities increased by 90 basis points compared sequentially to the second quarter of 2021.
GAAP diluted loss per share was $0.22, while adjusted diluted earnings per share were $0.96.
Forward Guidance
No forward guidance provided in the earnings report.
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