NHC Secures $175 Million Credit Line

MURFREESBORO, Tenn.–(BUSINESS WIRE)–National HealthCare Corporation (NYSE MKT: NHC) (NYSE MKT: NHC.PRA), the
nation’s oldest publicly traded senior health care company, announced
today that it has secured a $175 million line of credit with Bank of
America. The $175 million credit facility replaces the $75 million line
of credit that was in place prior to this agreement.

Robert Adams, CEO, stated: “We are pleased to complete our Credit
Agreement with Bank of America. The credit facility allows us to
complete the previously announced preferred stock redemption and also
allows us the financial flexibility to continue to implement our
strategy of expanding our continuum of post-acute health care services,
which includes skilled nursing, assisted living, and homecare services.”

About NHC

NHC affiliates operate for themselves and third parties 75 long-term
health care centers with 9,423 beds. NHC affiliates also operate 36
homecare programs, five independent living centers and 19 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.

Forward-Looking Statements

This press release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical facts included in this
press release are forward-looking statements. All forward-looking
statements speak only as of the date of this press release. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance, achievements or transactions of NHC and its respective
affiliates to be materially different from any future results,
performance, achievements, and transactions. Additional information or
factors which could impact the companies and the forward-looking
statements contained herein are included in each company’s filings with
the Securities and Exchange Commission. The companies assume no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.

This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended.

Contacts

National HealthCare Corporation
Gerald Coggin, 615-890-2020
Sr.
V.P. Corporate Relations

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