NHC announces $25M buyback

Price unchanged on the announcement

The board of National HealthCare Corp. has authorized a $25 million stock buyback that will be executed over the next year.

The buy back represents about 2 percent of NHC's $1.2 billion market cap.

Murfreesboro-based NHC (Ticker: NHC) hit a year-to-date high July 25, trading at $50.34. As of 10 a.m. Tuesday, the stock was unchanged on the buyback news at $48.45.