NHI News & Events

National Health Investors EVP and CFO John Spaid will retire effective July 1. To support a seamless transition, the company will appoint Todd Siefert as EVP Corporate Finance, effective June 1, and he will succeed Spaid as CFO upon his retirement. As part of the transition, Dana Hambly has been promoted to SVP of Finance to assume expanded responsibilities. Siefert most recently served as CFO of Hillsboro Residential. Prior to that, Siefert served as SVP of Corporate Finance and Treasurer at Ryman Hospitality Properties, a publicly traded REIT.

National Health Investors announced that it has executed a purchase and sale agreement to sell its portfolio of 32 skilled nursing facilities and three independent living facilities to National HealthCare Corporation, the current lessee, for $560M. The company expects to incur transaction costs in a range of $6.0M- $8.0M and anticipates closing on July 1, subject to certain customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.