NHC Reports Year End Earnings

National HealthCare Corporation (NYSE MKT: NHC), the nation's oldest publicly traded long-term health care company, today announced net operating revenues for the year ended December 31, 2015 totaled $906,622,000 compared to $871,683,000 for the year ended December 31, 2014, an increase of 4.0%. For the year ended December 31, 2015, net income available to common shareholders was $46,324,000, or $3.34 per share basic, compared to $44,699,000, or $3.24 per share basic, for the 2014 year. Excluding the operating losses from the newly constructed skilled nursing facilities and assisted living facility placed in service less than twelve months ago, net income available to common shareholders for the year ended December 31, 2015 would have been $49,508,000, which is an increase of 10.8% over the 2014 year.

Net operating revenues for the three months ended December 31, 2015 totaled $233,927,000 compared to $226,374,000 for the same three months in 2014, an increase of 3.3%. Fourth quarter of 2015 net income available to common shareholders was $14,644,000, or $1.03 per basic share, compared to $12,632,000, or $0.92 per basic share, in the fourth quarter of 2014. Excluding the operating losses from the newly constructed skilled nursing facilities and assisted living facility placed in service less than twelve months ago, net income available to common shareholders for the three months ended December 31, 2015 would have been $15,168,000, which is an increase of 20.1% over the same three month period in 2014.

Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the S.E.C., including Forms 8-K, 10-Q and 10-K, and include, among others, the following: liabilities and other claims asserted against us and patient care liabilities, as well as the resolution of current litigation; availability of insurance and assets for indemnification; national and local economic conditions; including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries; and other factors referenced or incorporated by reference in the S.E.C. filings. The risks included here are not exhaustive. All forward-looking statements represent NHC’s best judgment as of the date of this release.

About NHC

NHC affiliates operate for themselves and third parties 74 long-term health care centers with 9,403 beds. NHC affiliates also operate 36 homecare programs, five independent living centers and 20 assisted living communities. NHC’s other services include Alzheimer’s units, long-term care pharmacies, hospice, a rehabilitation services company, and providing management and accounting services to third parties. Other information about the company can be found on our web site at www.nhccare.com.

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