Figma Shares Indicated To Open $105/$110
National Healthcare Corporation (NYSE American:NHC), a skilled nursing care facilities company based in Murfreesboro, TN, with annual revenue of $1.3 billion and a strong track record of maintaining dividend payments for 22 consecutive years, has made a significant change in its financial oversight team. According to InvestingPro data, the company maintains a GREAT financial health score and operates with moderate debt levels. On Monday, the company announced the appointment of Deloitte & Touche LLP as its new independent registered public accounting firm, effective from April 3, 2025.
The decision to engage Deloitte follows the dismissal of Ernst & Young LLP (EY), which had previously served as the company's auditor. According to the company's filing with the Securities and Exchange Commission (SEC), the Audit Committee of the Board of Directors directed this change. The company emphasized that during its two most recent fiscal years and the subsequent interim period up to the effective date, there were no disagreements or reportable events with EY that would have impacted their reports on the company's financial statements.
National Healthcare Corporation's financial statements for the fiscal years ended December 31, 2024, and 2023, audited by EY, did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified in terms of audit scope or accounting principles.
The company has completed the necessary formalities with EY, including providing them with a copy of the disclosure. EY has been requested to furnish a letter to the SEC stating whether it agrees with the statements made by the company. The letter from EY, dated April 8, 2025, has been filed as an exhibit with the SEC.
This change in the company's certifying accountant is part of National Healthcare Corporation's compliance with regulatory requirements and its commitment to maintaining the highest standards of financial transparency and accountability. Investors should note that the company's next earnings report is scheduled for May 6, 2025, which will provide further insights into its financial performance. InvestingPro subscribers can access additional financial metrics and expert analysis to make informed investment decisions.
The information for this article is based on a press release statement.
In other recent news, New Hope (OTC:NHPEF) Group reported a 30% decline in its underlying EBITDA for the fourth quarter of 2024, totaling $213 million. Despite this quarterly dip, the company's half-year results showed a 22% year-on-year increase, reaching $517 million. The company maintained its production guidance, targeting 5 million tonnes by FY 2027, with strategic investments continuing in high-quality metallurgical coal. Analysts from firms such as Jefferies and Morgan Financial have shown interest in the company's sales mix and logistics challenges, particularly regarding the Cross River Rail project. New Hope Group's CEO, Rob Bishop, emphasized the company's commitment to organic growth and disciplined unit cost control, specifically highlighting the development of the Manning Vale West mining area. The company has also acquired an additional 3% stake in Malabar Resources Limited, aligning with its strategy of investing in low-cost coal assets. Additionally, New Hope Group generated $317 million in cash flows from operational activities, a significant improvement compared to the previous year. The company plans to maintain a dividend payout ratio of 50% of net profit after tax, while also focusing on increasing its production base and maintaining its low-cost advantage.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.