Home

National HealthCare Will Divest Florida Facilities

Wed, 08/30/2000 - 12:00am — Karen Stevenson
Description: 

National HealthCare announced that it will cease operation of 12 owned or leased long-term health care centers and three assisted living centers in Florida. The divestiture, which will take place by October 1, 2000, will be done because NHC cannot obtain liability insurance for its Florida properties. The Florida centers are being leased to non-NHC affiliated companies. Negotiations are underway to replace liability insurance in other states with NHC properties. NHC operates 108 long-term healthcare centers, 35 homecare programs, 445 retirement apartments, 774 assisted living units, and two managed centers.

National HealthCare announced that it will cease operation of 12 owned or leased long-term health care centers and three assisted living centers in Florida. The divestiture, which will take place by October 1, 2000, will be done because NHC cannot obtain liability insurance for its Florida properties. The Florida centers are being leased to non-NHC affiliated companies. Negotiations are underway to replace liability insurance in other states with NHC properties. NHC operates 108 long-term healthcare centers, 35 homecare programs, 445 retirement apartments, 774 assisted living units, and two managed centers.