On this page of StockholderLetter.com we present the latest annual shareholder letter from NATIONAL HEALTHCARE CORP — ticker symbol NHC. Reading current and past NHC letters to shareholders can bring important insights into the investment thesis.
ANNUAL REPORT 2024
MISSION VISION VA L U E S NHC is committed to being the senior care leader in customer, partner, and investor satisfaction. Caring in a Better Way, Day by Day Commit to Godly Excellence. Act with Compassion and Integrity. Respect and Value People. Enhance Quality of Life. Dr. Carl Adams, our founder, once said, Care is our business. He laid the foundation for NHC s ongoing commitment to excellence and customer satisfaction. Our 20 promises ensure we support his vision by guiding us in delivering compassionate care and exceptional service, ensuring that every patient and resident experiences the highest quality of care. CUSTOMER A N D PA R T N E R S AT I S FA C T I O N 1
Skilled Nursing Assisted Living Independent Living 80 Skilled Nursing Centers 26 Assisted Living Communities 9 Independent Living Communities 3 Behavioral Health Hospitals 10,341 Beds 1,413 Units 777 Units 102 Beds 34 Agencies 33 Agencies Behavioral Health 1,200 Members 2
EXPANDING OUR CONTINUUM OF CARE W H I T E O A K J O I N S N H C FA M I LY 4 Independent Living Communities 15 Skilled Nursing Centers 1 Long Term Care Pharmacy 2 Assisted Living Communities C A R I S N E W L O C AT I O N S 4 New Agencies: Morristown, TN Lawrenceburg, TN Wytheville, VA Clinton, TN 3
We are thrilled to announce that NHC was again certified as a Great Place to Work in 2024! This prestigious recognition is a testament to the positive culture we have built together. The Great Place to Work certification is awarded based on a comprehensive evaluation of workplace culture, including partner trust, pride, and camaraderie. This recognition helps us attract and retain top talent, improve productivity, enhance reputation, and gain valuable insights. We are proud to share that over 82% of our partners completed this year s survey. NHC is proud of our partners dedication and commitment to making NHC a truly great place to work. 4
 • shareholder letter icon 3/28/2025 Letter Continued (Full PDF)
 • stockholder letter icon 3/23/2023 NHC Stockholder Letter
 • stockholder letter icon 4/5/2024 NHC Stockholder Letter
 • stockholder letter icon More "Hospital & Medical Practitioners" Category Stockholder Letters
 • Benford's Law Stocks icon NHC Benford's Law Stock Score = 68


NHC Shareholder/Stockholder Letter Transcript:

ANNUAL
REPORT
2024

MISSION
VISION
VA L U E S
NHC is committed to
being the senior care
leader in customer,
partner, and investor
satisfaction.
Caring in a Better Way,
Day by Day
Commit to Godly Excellence.
Act with Compassion and Integrity.
Respect and Value People.
Enhance Quality of Life.
Dr. Carl Adams, our founder,
once said,    Care is our business.   
He laid the foundation for NHC   s
ongoing commitment to excellence
and customer satisfaction. Our 20
promises ensure
we support his vision by guiding us
in delivering compassionate care
and exceptional service, ensuring
that every patient and resident
experiences the highest quality
of care.
CUSTOMER
A N D PA R T N E R
S AT I S FA C T I O N
1

Skilled
Nursing
Assisted
Living
Independent
Living
80
Skilled Nursing
Centers
26
Assisted Living
Communities
9
Independent Living
Communities
3
Behavioral Health
Hospitals
10,341
Beds
1,413
Units
777
Units
102
Beds
34
Agencies
33
Agencies
Behavioral
Health
1,200
Members
2

EXPANDING OUR
CONTINUUM OF CARE
W H I T E O A K J O I N S N H C FA M I LY
4
Independent Living
Communities
15
Skilled Nursing
Centers
1
Long Term Care
Pharmacy
2
Assisted Living
Communities
C A R I S N E W L O C AT I O N S
4
New Agencies:
Morristown, TN
Lawrenceburg, TN
Wytheville, VA
Clinton, TN
3

We are thrilled to announce that NHC
was again certified as a Great Place
to Work in 2024! This prestigious
recognition is a testament to the positive
culture we have built together.
The Great Place to Work certification
is awarded based on a comprehensive
evaluation of workplace culture, including
partner trust, pride, and camaraderie.
This recognition helps us attract and retain
top talent, improve productivity, enhance
reputation, and gain valuable insights.
We are proud to share that over 82% of
our partners completed this year   s survey.
NHC is proud of our partners    dedication
and commitment to making NHC a truly
great place to work.
4



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