NHC Makes Forbes List of America's Most Trustworthy CompaniesPosted 05/28/2014
For release: May 28, 2014
Contact: Gerald Coggin, Sr. VP of Corporate Relations
Phone: (615) 890-2020
MURFREESBORO, Tenn. — National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), is pleased to announce that it has been named by Forbes magazine as one of America’s 100 Most Trustworthy Companies in America.
Each year, GMI Ratings provides Forbes with a list of the 100 Most Trustworthy Companies in America. The list is based on GMI’s AGR® (Accounting & Governance Risk) forensic accounting database, which is a tool designed to help investors assess the financial and governance integrity of companies. AGR, covering 20,000 companies worldwide, has proven highly accurate in predicting corporate fraud and under-performance year after year for the last 15 years.
“The focus has always been on companies that cheat, lie, and steal,” GMI Director James Kaplan told Forbes. “It’s also just as important to shine some light on those companies that are transparent and consistent in their accounting and corporate governance practices.”
For the Trustworthy Companies list, GMI reviewed the accounting and governance characteristics of more than 8,000 public companies in North America from fourth quarter of 2012 through third quarter of 2013. Key factors such as high risk events, revenue and expense recognition methods, SEC actions and bankruptcy risk were considered as indicators of a company’s credibility. The companies that generated the 100 highest scores for trustworthy behavior made the list.
“Companies that make this list are reporting accurately on their outcomes, good or bad,” Kaplan said. “While there’s no guarantee that an honest company is a thriving one, in most cases the companies making the list are financially sound, with strong stock performance.”
NHC certainly fits that description.
“We are proud to be on this list – but prouder still of our employees and our leadership team who work tirelessly so that NHC is considered trustworthy not just by the investment community but by each and every company with which we do business and, most importantly, the customers we are privileged to serve,” says NHC Chairman and CEO Robert Adams.
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