National HealthCare prolongs maturity of $75 million credit line via BofA

By Jennifer Chiou

New York, Oct. 23 - National HealthCare Corp. announced the renewal of its $75 million one-year line of credit with Bank of America.

"We are pleased to complete our sixth amendment to our credit agreement with Bank of America," Robert Adams, chief executive officer, said in a press release.

"The continued financial flexibility provided by this renewed credit line adds further momentum to our strategy of expanding our continuum of post-acute care services in our key integrated care markets, including assisted living, skilled nursing, homecare and hospice."

The company is a Murfreesboro, Tenn., long-term care hospital operator.

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