Skilled Nursing News June 5, 2024
National HealthCare Corporation (NYSE: NHC) plans to acquire the White Oak Senior Living portfolio, with facilities across North and South Carolina.
White Oak consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, and including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing facilities, one of which also includes assisted and independent living units.
NHC announced Monday that it entered a Purchase and Sale Agreement to acquire the White Oak’s portfolio on May 31, 2024. The transaction is expected to close in the third quarter of 2024.
With this acquisition, North Carolina will be a new state for NHC, which currently operates multiple skilled nursing facilities in South...
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