National Healthcare Corporation reported net revenues of $382.7 million for the third quarter ended September 30, 2025, up 12.5% from $340.2 million in the same period of 2024. The increase was driven by an 8.7% rise in same-facility net revenues and the acquisition of White Oak Management on August 1, 2024. GAAP net income attributable to NHC was $39.2 million, compared to $42.8 million a year earlier. Adjusted net income, excluding unrealized gains and losses in marketable equity securities and other non-GAAP adjustments, was $24.7 million, up 24.3% from $19.9 million in the prior year. GAAP diluted earnings per share were $2.50, with adjusted diluted earnings per share at $1.58.
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