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NHC Reports First Quarter 2019 Earnings

National
HealthCare Corporation (NYSE American: NHC),
the nation's oldest publicly traded senior health care company,
announced today net operating revenues for the quarter ended March 31,
2019 totaled $248,285,000 compared to $242,961,000 for the quarter ended
March 31, 2018, an increase of 2.2%.


For the quarter ended March 31, 2019, the reported GAAP net income
attributable to NHC was $21,269,000 compared to a GAAP net loss
attributable to NHC of $2,791,000 for the first quarter of 2018.
Excluding the unrealized gains and losses in our marketable equity
securities portfolio and other non-GAAP adjustments, adjusted net income
for the quarter ended March 31, 2019 was $16,951,000 compared to
$16,362,000 for the first quarter of 2018, an increase of 3.6% (*).
For the quarter ended March 31, 2019, the reported GAAP diluted earnings
per share was $1.39 compared to a GAAP diluted loss per share of $0.18
for the first quarter of 2018. The adjusted diluted earnings per share
was $1.11 for the quarter ended March 31, 2019, compared to $1.08 for
the first quarter of 2018 (*).


(*) - See the tables below that provide a reconciliation of GAAP to
non-GAAP items.


About NHC


NHC affiliates operate for themselves and third parties 75 skilled
nursing facilities with 9,510 beds. NHC affiliates also operate 25
assisted living communities, five independent living communities, one
behavioral health hospital and 35 homecare programs. NHCa??s other
services include Alzheimera??s and memory care units, hospice services,
pharmacy services, a rehabilitation services company, and providing
management and accounting services to third party post-acute operators.
Other information about the company can be found on our web site at www.nhccare.com.
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