MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has
entered into a long-term lease extension and construction commitment to
Jackson Hospital Corporation, an affiliate of Community Health Systems
(“CHS”), to provide up to $8 million for extensive renovations and
additions to its Kentucky River Medical Center, a general acute care
hospital in Jackson, Kentucky. The construction project is expected to
commence by the end of 2012 and continue over two years. The lease
extension is for an initial period of 10 years beginning July 1, 2012,
plus one 5-year renewal option.
CHS is one of the nation’s leading operators of general acute care
hospitals. The organization’s affiliates own, operate or lease
facilities in 29 states and nearly 20,000 licensed beds. Justin
Hutchens, NHI’s CEO and President, noted, “We are very pleased to
continue our business relationship with CHS, an industry leader and
Fortune 500 company, and to invest capital in a hospital asset that is
important to its region and seeks to expand its patient services.”
About National Health Investors
National Health Investors, Inc. is a healthcare real estate investment
trust that specializes in the financing of healthcare real estate by
purchase and leaseback transactions and by mortgage loans. NHI’s
investments involve skilled nursing facilities, assisted living
facilities, independent living facilities, medical office buildings and
hospitals. The common stock of the company trades on the New York Stock
Exchange with the symbol NHI. Additional information about NHI,
including its most recent press releases, may be obtained on NHI's web
site at www.nhireit.com.
Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI's judgment as of the date of this release.Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI’s Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC's web
site at http://www.sec.gov
or on NHI’s web site at http://www.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.