National Health Investors, Inc. (NHI) will sell 32 skilled nursing facilities and three independent living facilities to National HealthCare Corporation (NHC) for $560 million. The transaction is expected to close on July 1, 2026, subject to customary closing conditions and regulatory approvals. NHI expects to incur transaction costs between $6 million and $8 million. The portfolio generated approximately $39.7 million in cash lease revenue in 2025. A Special Committee of independent directors unanimously approved the transaction to mitigate potential conflicts of interest.