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Note 15 - Asset Purchase Commitment
3 Months Ended
Mar. 31, 2013
Purchase Commitment To Increase Property Plant And Equipment [Text Block]
Note 15 – Asset Purchase Commitment

On December 26, 2012, we entered into a Purchase and Sale Agreement to purchase six skilled health care centers from NHI.  The six centers, which are located in Columbia (2), Knoxville and Springfield, Tennessee; Madisonville, Kentucky and Rossville, Georgia, have been leased by NHC since 1991 and have a total of 650 beds.  The purchase price is $21 million and the transaction is expected to close in June 2013; which has been accelerated from the December 2013 date disclosed in our annual December 31, 2012 Form 10-K.  With the purchase of the six skilled health care centers, NHC’s master lease payment will decrease by $2.95 million in 2014.