Market Overview

NHC Announces $25 Million Stock Repurchase Program


HealthCare Corporation
(NYSE:NHC), announces that its
Board of Directors, at a regularly scheduled meeting, has authorized a
new stock repurchase program. The program will allow for repurchases of
up to $25 million of its common stock. The new stock repurchase plan
will begin September 1, 2018 and will expire on August 31, 2019. The
stock repurchase plan replaces the stock repurchase plan previously
approved by the Board of Directors on August 3, 2017. Repurchases may be
made under the previous plan until August 31, 2018.

Under the stock repurchase program, the Company may repurchase its
common stock from time to time, in amounts and at prices the Company
deems appropriate, subject to market conditions and other
considerations. The Company's repurchases may be executed using open
market purchases, privately negotiated agreements or other transactions.
The Company intends to fund repurchases under the new stock repurchase
program from cash on hand, available borrowings or proceeds from
potential debt or other capital market sources. The stock repurchase
program may be suspended or discontinued at any time without prior
notice. The Company will provide an update regarding any purchases made
pursuant to the stock repurchase program each time it reports its
results of operations.

Forward-Looking Statements

Statements in this press release that are not historical facts are
forward-looking statements. NHC cautions investors that any
forward-looking statements made involve risks and uncertainties and are
not guarantees of future performance. The risks and uncertainties are
detailed from time to time in reports filed by NHC with the S.E.C.,
including Forms 8-K, 10-Q and 10-K, and include, among others, the
following: liabilities and other claims asserted against us and patient
care liabilities, as well as the resolution of current litigation;
availability of insurance and assets for indemnification; national and
local economic conditions; including their effect on the availability
and cost of labor, utilities and materials; the effect of government
regulations and changes in regulations governing the healthcare
industry, including our compliance with such regulations; changes in
Medicare and Medicaid payment levels and methodologies and the
application of such methodologies by the government and its fiscal
intermediaries, the ability of third parties for whom we have guaranteed
debt to refinance certain short term debt obligations; and other factors
referenced or incorporated by reference in the S.E.C. filings. The risks
included here are not exhaustive. All forward-looking statements
represent NHC's best judgment as of the date of this release.

About NHC

NHC affiliates operate for themselves and third parties 76 skilled
nursing centers with 9,629 beds. NHC affiliates also operate 36 homecare
programs, five independent living centers and 24 assisted living
communities. NHC's other services include Alzheimer's units, long-term
care pharmacies, hospice, a rehabilitation services company, and
providing management and accounting services to third parties. Other
information about the company can be found on our web site at

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