NHC increases hospice stake with $7.5M purchase

Nursing home operator National HealthCare Corp. has increased its position in hospice provider Caris Healthcare, according to SEC filings.

At the close of last year, the company acquired another 7.5 percent interest in Knoxville-based Caris from CEO Norman McRae for $7.5 million. Caris provides its services at 17 facilties in Tennessee and western Virginia.