Held by 2 specialist biotech funds
**Signal Note: Deerfield initiates NHC position** Deerfield's $1.9M entry into National Healthcare Corp—a nursing home and assisted living operator—likely reflects conviction in long-term care facility consolidation tailwinds and improved operational leverage post-pandemic. The timing suggests confidence in NHC's ability to capitalize on labor market stabilization and pricing power in a fragmented sector facing structural demand from aging demographics.