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Dec 31, 2020
NHC Q4 2020 Earnings Report
NHC reported an increase in net operating revenues and CARES Act income and GAAP net income attributable to NHC.
Key Takeaways
National HealthCare Corporation reported a 2.3% increase in net operating revenues and CARES Act income for the quarter ended December 31, 2020. GAAP net income attributable to NHC was $27.55 million for the same period.
Net operating revenues and CARES Act income increased by 2.3% compared to Q4 2019.
Excluding CARES Act income, net operating revenues decreased by 8.1% compared to Q4 2019.
GAAP net income attributable to NHC was $27.55 million, compared to $13.77 million in Q4 2019.
Adjusted net income for the quarter was $13.822 million, compared to $16.822 million in Q4 2019.