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NHC — National Healthcare News Story

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National Healthcare Q2 revenue rises 8.8% on acquisitions

National Healthcare Q2 revenue rises 8.8% on acquisitions


Overview

  • US senior care provider's Q2 net operating revenue rose 8.8% yr/yr, driven by acquisitions

  • Adjusted EPS for Q2 increased yr/yr

  • Company acquired five skilled nursing facilities in Tennessee and South Carolina


Outlook

  • Company did not provide specific guidance or outlook for the current or future periods


Result Drivers

  • ACQUISITION IMPACT - Co said Q2 revenue growth was primarily due to the June 1 acquisition of five skilled nursing facilities

  • HIGHER PER DIEMS - Average skilled nursing per diem rates increased across all payor categories

  • OTHER REVENUES - Other revenues more than doubled yr/yr in Q2


Company press release: ID:nBw6FMNQ6a


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Patient Revenues

$378.36 mln

Q2 Adjusted EPS

$1.74

Q2 EPS

$2.54

Q2 Net Income

$40.54 mln

Q2 Income from operations

$48.94 mln


Reuters Recommended Reads

  • Aug 4 - PACS Group reports Q2 revenue beat on higher occupancy, raises outlook

  • Aug 5 - Pennant Group Q2 revenue beats estimates on home health and hospice growth

  • Aug 6 - Strawberry Fields REIT Q2 rental income rises on acquisitions


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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