National Healthcare Corp.
- NHC · NYSE
- Services-Skilled Nursing Care Facilities
- Murfreesboro, TN
- 15,278 employees
- CIK 0001047335
Updated from SEC filings through
Top things to know
Executives
- Stephen Fowler Flatt CEO 4, 2026-08-20
-
Brian F. Kidd SVP, CFO 4, 2026-09-14 - Robert Michael Ussery President & COO 4, 2026-01-05
-
Vicki L. Dodson Sr.VP Patient Srvcs 4, 2026-09-23 -
Josh A. McCreary Senior VP & General Counsel 4, 2026-09-14 - Ben Anderson Flatt Sr Senior VP & CIO 4, 2026-09-02
National Healthcare Corp is a U.S. public company in services-skilled nursing care facilities (SIC 8051), headquartered in Murfreesboro, TN. It trades as NHC on NYSE. Revenue was $1.5B in the fiscal year ending December 31, 2025, +16.1% from the year before. It reported about 15,278 employees. Stephen Fowler Flatt is CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.5B 10-K, 2026-02-26 | $1.3B 10-K, 2026-02-26 | $1.1B 10-K, 2026-02-26 | $1.1B 10-K/A, 2025-03-03 | $1.1B 10-K, 2024-02-16 |
| Operating income | $128M 10-K, 2026-02-26 | $89.9M 10-K, 2026-02-26 | $57.5M 10-K, 2026-02-26 | $31.9M 10-K/A, 2025-03-03 | $50.9M 10-K, 2024-02-16 |
| SG&A | $27.5T 10-K, 2026-02-26 | $26.24T 10-K, 2026-02-26 | $21.41T 10-K, 2026-02-26 | $20.7M 10-K/A, 2025-03-03 | $20.2M 10-K, 2024-02-16 |
| Net income | $120M 10-K, 2026-02-26 | $102M 10-K, 2026-02-26 | $66.8M 10-K, 2026-02-26 | $22.4M 10-K/A, 2025-03-03 | $139M 10-K, 2024-02-16 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Stephen Fowler Flatt | CEO | 4, 2026-08-20 |
| Stephen F. Flatt | Board member (per proxy) bio: CEO & Director | DEF 14A, 2026-04-02 |
| Brian F. Kidd Accountant at National HealthCare Corporation | SVP, CFO | 4, 2026-09-14 |
| B. Anderson Flatt, Sr. | Named in proxy bio: Senior Vice President & Chief Information Officer | DEF 14A, 2026-04-02 |
| R. Michael Ussery | Named in proxy bio: Retired, President and Chief Operating Officer | DEF 14A, 2026-04-02 |
| Robert Michael Ussery | President & COO | 4, 2026-01-05 |
| Vicki L. Dodson SVP Patient Services at National HealthCare Corporation (NHC) | Sr.VP Patient Srvcs | 4, 2026-09-23 |
| Josh A. McCreary | Senior VP & General Counsel | 4, 2026-09-14 |
| Ben Anderson Flatt Sr | Senior VP & CIO | 4, 2026-09-02 |
| Timothy J. Shelly | Sr.VP Operations | 4, 2026-05-20 |
| David R. Gifford, M.D. | Board member (per proxy) bio: Director | DEF 14A, 2026-04-02 |
| Emil E. Hassan | Board member (per proxy) bio: Director | DEF 14A, 2026-04-02 |
| Lisa Piercey, M.D. | Board member (per proxy) bio: Director | DEF 14A, 2026-04-02 |
| Richard F. LaRoche | Board member (per proxy) bio: Director | DEF 14A, 2026-04-02 |
| Robert Adams | Board member (per proxy) bio: non-executive Chairman of our Board | DEF 14A, 2026-04-02 |
| Sandra Y. Trail | Board member (per proxy) bio: Director | DEF 14A, 2026-04-02 |
What National Healthcare Corp does
National HealthCare Corporation, which we also refer to as NHC or the Company, began business in 1971. Our principal business is the operation of skilled nursing facilities, assisted living facilities, independent living facilities, homecare and hospice agencies, and behavioral health hospitals. Our business activities include providing sub–acute and post–acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, home health care services, hospice services, and behavioral health services.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 15.7 million (as of November 2, 2026) | 10-Q, November 5, 2026 |
|---|---|---|
| Public float | $901M (as of June 30, 2025) | 10-K, February 26, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, November 5, 2026 |
| Latest proxy statement | Meeting May 7, 2026 (filed April 2, 2026) | DEF 14A, April 2, 2026 |
| Auditor | Deloitte & Touche LLP (Nashville, Tennessee) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| September 22, 2026 | Vicki L. Dodson Sr.VP Patient Srvcs | Sale | 4,834 | $1.1M | Form 4, September 23, 2026 |
| September 11, 2026 | Brian F. Kidd SVP, CFO | Sale | 6,813 | $1.5M | Form 4, September 14, 2026 |
| September 10, 2026 | Josh A. McCreary Senior VP & General Counsel | Sale | 2,719 | $610K | Form 4, September 14, 2026 |
| August 28, 2026 | Ben Anderson Flatt Sr Senior VP & CIO | Sale | 7,000 | $1.6M | Form 4, September 2, 2026 |
| August 25, 2026 | David R. Gifford Director | Sale | 1,779 | $401K | Form 4, August 28, 2026 |
| August 19, 2026 | Stephen Fowler Flatt CEO | Sale | 1,500 | $356K | Form 4, August 20, 2026 |
| June 22, 2026 | Emil E. Hassan Director | Sale | 5,937 | $1.2M | Form 4, June 23, 2026 |
| June 16, 2026 | Emil E. Hassan Director | Sale | 1,563 | $313K | Form 4, June 18, 2026 |
Recent 8-K events
- 8-K filed 2026-11-06
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-11-06
- Item 8.01 Other events
- 8-K filed 2026-08-11
- Item 8.01 Other events
- 8-K filed 2026-08-11
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-01
- Item 1.01 Entry into a material definitive agreement
- Item 1.02 Termination of a material definitive agreement
- Item 2.01 Completion of acquisition or disposition of assets
- Item 2.03 Creation of a direct financial obligation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-27
- Item 1.01 Entry into a material definitive agreement
- Item 1.02 Termination of a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-05-15
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-05-13
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-08
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-07
- Item 8.01 Other events
Frequently asked questions about National Healthcare Corp
- What does National Healthcare Corp do?
- National Healthcare Corp is classified by the SEC as Services-Skilled Nursing Care Facilities (SIC 8051). It is based in Murfreesboro, TN.
- What is National Healthcare Corp's revenue?
- $1.5B for the fiscal year ending December 31, 2025, from its 10-K filed February 26, 2026.
- Is National Healthcare Corp profitable?
- National Healthcare Corp reported net income of $120M for the fiscal year ending December 31, 2025.
- How many employees does National Healthcare Corp have?
- About 15,278 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of National Healthcare Corp?
- Stephen Fowler Flatt, CEO, as named in a 4 filed August 20, 2026.
- Who is the CFO of National Healthcare Corp?
- Brian F. Kidd, SVP, CFO, as named in a 4 filed September 14, 2026.
- Where is National Healthcare Corp headquartered?
- Murfreesboro, TN.
- What is National Healthcare Corp's stock ticker?
- NHC on NYSE.
- What industry is National Healthcare Corp in?
- Services-Skilled Nursing Care Facilities, SIC code 8051.
- What is National Healthcare Corp's website?
- nhccare.com. Investor relations: https://nhccare.com/investor-relations/.
- When does National Healthcare Corp report earnings next?
- November 6, 2026. Source: ir_event.
- Is National Healthcare Corp a public company?
- Yes. National Healthcare Corp files with the SEC under CIK 0001047335 and trades as NHC.
- Who audits National Healthcare Corp?
- Deloitte & Touche LLP, Nashville, Tennessee, as named in its latest annual report (10-K).
- How many shares of National Healthcare Corp are outstanding?
- 15.7 million shares as of November 2, 2026, from its 10-Q filed November 5, 2026.
- What is National Healthcare Corp's public float?
- $901M as of June 30, 2025, as reported on the cover of its 10-K filed February 26, 2026.
- How many business segments does National Healthcare Corp report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 5, 2026.
- When is National Healthcare Corp's annual shareholder meeting?
- May 7, 2026, per its proxy statement (DEF 14A) filed April 2, 2026.
- Have National Healthcare Corp insiders traded stock recently?
- Since November 12, 2025, officers and directors reported 14 open-market sales worth about $11.2M and 1 purchase worth about $175K on Forms 4 and 5. The most recent: Vicki L. Dodson (Sr.VP Patient Srvcs) sold 4,834 shares on September 22, 2026.