0000877860-12-000044.txt : 20120515 0000877860-12-000044.hdr.sgml : 20120515 20120515070957 ACCESSION NUMBER: 0000877860-12-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120515 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL HEALTH INVESTORS INC CENTRAL INDEX KEY: 0000877860 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 621470956 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10822 FILM NUMBER: 12841000 BUSINESS ADDRESS: STREET 1: 222 ROBERT ROSE DRIVE CITY: MURFREESBORO STATE: TN ZIP: 37129 BUSINESS PHONE: 6158909100 MAIL ADDRESS: STREET 1: 222 ROBERT ROSE DRIVE CITY: MURFREESBORO STATE: TN ZIP: 37129 8-K 1 form8-k5x14x12.htm FORM 8-K, ITEM 8.01 Form 8-K 5-14-12
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 

Date of Report (Date of earliest event reported):
May 15, 2012 (May 15, 2012)
 
National Health Investors, Inc.
(Exact name of Registrant as specified in its charter)
 
Maryland
001-10822
62-1470956
(State or Other Jurisdiction
of Incorporation)
(Commission
File No.)
(IRS Employer
Identification Number)
                                                   
                                              
                               
222 Robert Rose Drive Murfreesboro, TN 37129
(Address of principal executive offices)
 
(615) 890-9100
(Registrant's telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ‬‬‬
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ‬‬‬
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)


Item 8.01.   Other Events.

On May 15, 2012, National Health Investors (NHI) announced it it has exercised an option to purchase and lease a new, stabilized skilled nursing facility located in Texas for a purchase price of $13.4 million. The facility opened at the end of 2010 with 125 beds and is operated by affiliates of Legend Healthcare, LLC (“Legend”). The transaction is expected to close within the next thirty days and will be funded from available cash and from borrowings on NHI's revolving credit facility.

The facility is being leased to Legend over 15 years at an initial lease rate of 9% on NHI's invested amount plus annual escalators. Lease service coverage is projected to cover in excess of 1.5x after a 5% management fee and an annual capital expenditure requirement. This will be the ninth facility NHI leases to Legend.

Item 9.01.   Financial Statements and Exhibits.



Exhibit Index
 
 
 
 
Number
Exhibit
99               
Press release, dated May 15, 2012


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

NATIONAL HEALTH INVESTORS, INC.


By:        /s/Roger Hopkins
Name:   Roger Hopkins                        
Title:     Principal Accounting Officer   



Date:    May 15, 2012




 EX-99 2 exhibit99-011.htm EXHIBIT 99: PRESS RELEASE DATED MAY 15, 2012 Exhibit 99 - 01 (1)


Exhibit 99

Contact: Roger R. Hopkins, Chief Accounting Officer
Phone: (615) 890-9100

NHI to Purchase Texas Facility for $13.4 Million

MURFREESBORO, Tenn. - (May 15, 2012) National Health Investors, Inc. (NYSE:NHI) announced today it has exercised an option to purchase and lease a new, stabilized skilled nursing facility located in Texas for a purchase price of $13.4 million. The facility opened at the end of 2010 with 125 beds and is operated by affiliates of Legend Healthcare, LLC (“Legend”). The transaction is expected to close within the next thirty days and will be funded from available cash and from borrowings on NHI's revolving credit facility.

Justin Hutchens, NHI's CEO and President, noted, “This acquisition of a new high quality asset continues the growth and positive diversification of NHI's portfolio.”

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.