Long-term care provider National Healthcare expands in Missouri

National Healthcare Corp. announced this week that it recently added four properties in Missouri as it expands operations in the state.

The Murfreesboro, Tenn.-based provider of long-term care and post-acute-care services assumed management of a skilled-nursing center in Des Peres Feb. 1. And as of March 1, NHC began leasing and operating two healthcare facilities in Independence. One is a skilled-nursing center and assisted-living community and the other is a memory-care center. Also as of March 1, NHC started leasing and operating a skilled-nursing center, memory-care unit and assisted-living community in St. Peters.

"NHC is extremely pleased to add these operations to our Missouri portfolio," NHC President Steve Flatt said in a release. "These centers have all been constructed within the past six years and are located in excellent markets."

NHC, which is publicly traded, announced its year-end financial results late last month. For the year ended Dec. 31, NHC's earnings were up compared to the prior year. Despite 2% sequestration cuts for Medicare providers, NHC saw its operating revenue rise 3.7% to $789 million.

Follow Rachel Landen on Twitter: @MHrlanden