National Healthcare Q2 revenue rises 8.8% on acquisitions
NHC•Outlook
- Company did not provide specific guidance or outlook for the current or future periods
Overview
- US senior care provider's Q2 net operating revenue rose 8.8% yr/yr, driven by acquisitions
- Adjusted EPS for Q2 increased yr/yr
- Company acquired five skilled nursing facilities in Tennessee and South Carolina
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Patient Revenues | $378.36 mln | ||
| Q2 Adjusted EPS | $1.74 | ||
| Q2 EPS | $2.54 | ||
| Q2 Net Income | $40.54 mln | ||
| Q2 Income from operations | $48.94 mln |
Result Drivers
- ACQUISITION IMPACT - Co said Q2 revenue growth was primarily due to the June 1 acquisition of five skilled nursing facilities
- HIGHER PER DIEMS - Average skilled nursing per diem rates increased across all payor categories
- OTHER REVENUES - Other revenues more than doubled yr/yr in Q2
