National HealthCare Corp., Murfreesboro, Tenn., has bought six skilled-nursing centers from National Health Investors, a healthcare REIT, in a $21 million deal.
NHC also noted that it has extended its master lease with the REIT on an additional 38 skilled-nursing centers and three independent-living centers. The extension will run through Dec. 31, 2026.
The deal for the six skilled-nursing centers—four in Tennessee, one in Kentucky and one in Georgia—is expected to close on Dec. 31, 2013, according to a news release. The publicly traded company has been leasing the facilities, which have a total of 650 beds. As a result of the purchase, NHC expects its annual lease payment to decrease by $2.95 million.