National HealthCare Corporation (NYSE:NHC), a national leader in senior care, announced today that its affiliates successfully closed the $50,500,000 purchase of five high-performing skilled nursing facilities.

The transaction marks a seamless transition for the portfolio, which has been successfully managed by NHC subsidiaries since 1988. The acquisition gives the Murfreesboro, Tennessee-based company full ownership of the operations and real estate, replacing previous management agreements.