NHC Subsidiary Faces Allegations of Non-Compliance with Master Lease Provisions
Reuters
Sep 13
NHC Subsidiary Faces Allegations of Non-Compliance with Master Lease Provisions
National HealthCare Corporation's wholly-owned subsidiary, NHC/OP, L.P., is involved in ongoing negotiations with National Health Investors, Inc. regarding a Master Lease. The Tenant has been notified of non-compliance with four non-monetary provisions of the lease. Failure to resolve these issues could lead to an "Event of Default" under the lease, affecting NHC's financial position.
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