Welcome to our dedicated page for Regional Health news (Ticker: RHEPA), a resource for investors and traders seeking the latest updates and insights on Regional Health stock.
News for REGIONAL HEALTH PRP PFD A (RHEPA) focuses on developments at Regional Health Properties, Inc., the issuer of this preferred share class. Regional Health Properties, Inc. describes itself as a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care and, when required, operates such real estate. Because RHEPA is tied to this issuer, news about the company’s operations, capital structure and governance can be relevant to holders of the preferred shares.
Company press releases highlight financial results, portfolio performance and strategic transactions. Regional Health Properties, Inc. has reported quarterly and annual financial results that include patient care revenues and rental revenues from its healthcare real estate portfolio. It has also discussed management contracts for facilities and transitions between leased and directly operated facilities, reflecting how it manages real estate purposed for senior living and long-term care.
Another recurring theme in the news is capital structure management. The company has announced an exchange offer for its Series A Preferred Stock into Series B Preferred Stock and a stock repurchase plan authorizing purchases of Series B Preferred Stock. These actions are described as part of efforts to address its preferred equity structure. For preferred shareholders, including those following RHEPA, such announcements provide context on how the company approaches its preferred securities.
News coverage also includes corporate transactions and governance events. Regional Health Properties, Inc. has reported entering into and completing a merger in which SunLink Health Systems, Inc. merged with and into Regional Health Properties, Inc., with Regional as the surviving corporation. The company has described the combined business as a vertically integrated healthcare services company built around its healthcare real estate platform. In addition, SEC filings and related news describe annual meetings of shareholders, director elections and approvals of incentive compensation plans.
Investors monitoring RHEPA can use this news feed to follow Regional Health Properties, Inc.’s financial reporting, preferred stock actions, merger-related updates and governance decisions, all of which are disclosed through press releases and SEC filings.
Regional Health Properties (OTCQB: RHEP) reported its Q2 2025 financial results and announced the completion of a transformative merger with SunLink Health Systems. The company posted Q2 2025 revenue of $10.1 million with an Adjusted EBITDA of $456,000, while recording a GAAP net loss of $1.4 million.
Key operational highlights include reaching a 66.8% occupancy rate in June, the highest in over a year, and the Meadowood facility's memory care unit achieving 93% occupancy. The company entered into a management contract with CJM Advisors for facilities in South Carolina and Georgia.
The merger with SunLink, completed on August 14, 2025, transforms Regional into a vertically integrated healthcare services company. The transaction involved an exchange ratio of 1.1330 Regional common shares and one Regional Series D preferred share for every five SunLink shares, resulting in approximately 1.6 million new common shares and 1.4 million preferred shares being issued.
Regional Health Properties (OTCQB: RHEP) has completed its merger with SunLink Health Systems, effective August 14, 2025. The merger creates a vertically integrated healthcare company combining SunLink's pharmacy and healthcare services with Regional's real estate platform.
Under the merger terms, every five SunLink shares were converted into 1.1330 Regional common shares and one share of Regional Series D 8% preferred stock. The total consideration includes approximately 1.6 million Regional common shares and 1.4 million Series D preferred shares.
The combined entity will operate as Regional Health Properties, led by CEO Brent Morrison, with a newly structured leadership team and board of directors including executives from both companies.
Regional Health Properties (OTCQB: RHEP) and SunLink Health Systems (NYSE American: SSY) have announced that their shareholders approved the merger agreement on August 4, 2025. The merger will result in SunLink merging into Regional, with Regional continuing as the surviving corporation.
The merger approval includes the issuance of Regional common stock and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares. SunLink shareholders also approved the merger-related compensation proposal on a non-binding advisory basis. The transaction's closing remains subject to customary closing conditions.
Regional Health Properties (OTCQB: RHEP) and SunLink Health Systems (NYSE American: SSY) have secured shareholder approvals for their planned merger on August 4, 2025. Both companies' shareholders voted in favor of the merger agreement, where SunLink will merge into Regional, with Regional continuing as the surviving corporation.
The merger approval includes Regional shareholders' authorization to issue new common stock and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares. SunLink shareholders additionally approved a non-binding advisory merger-related compensation proposal. The transaction's completion remains subject to customary closing conditions.
Regional Health Properties (OTCQB:RHEP) has issued a statement urging common shareholders to vote in favor of its proposed merger with SunLink Health Systems. The company is responding to opposition from two shareholders, Ken Grossman and Charlie Frischer, who collectively own significant Series B preferred stock but minimal common stock.
The merger's key benefits include a $6 million capital injection, enhanced management expertise, and improved board oversight. Since the merger announcement on January 6, 2025, Regional's stock has increased by 120%, while SunLink's shares are up 30%. The company argues that the merger offers better value potential for common shareholders compared to liquidation, which would primarily benefit preferred stockholders.
Regional Health Properties (RHEP) and SunLink Health Systems (SSY) have revised their all-stock merger agreement. Under the new terms, SunLink will merge into Regional in exchange for approximately 1.59M shares of Regional common stock and 1.41M shares of newly-authorized Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares.
The transaction will result in SunLink shareholders owning approximately 45.92% of the combined company. The Series D Preferred Stock will have an initial liquidation preference of $12.50 per share with 8% annual dividends starting July 2027. SunLink may pay special dividends up to $1M before closing.
The combined company expects pre-tax cost synergies of $1.0M by fiscal 2026. Post-merger, Brent Morrison will serve as CEO, Robert Thornton as EVP of Corporate Strategy, and Mark Stockslager as CFO. The merger is expected to close in summer 2025, subject to shareholder and regulatory approvals.
Regional Health Properties (RHEP) has reported its Q4 and full-year 2024 financial results. In Q4, the company achieved revenue of $5.6 million, with income from operations of $540k, EBITDA of $714K, and Adjusted EBITDA of $1.3 million. The company maintained a strong 92% rent collection rate.
For the full year 2024, RHEP reported revenue of $18.3 million, income from operations of $161k, EBITDA of $1.7 million, and Adjusted EBITDA of $3.5 million. The company's balance sheet shows $49.7 million in net indebtedness with a 5.1% weighted-average interest rate.
Key developments include a new management contract with CJM Advisors for the Sylva, NC facility, improved occupancy at the Meadowood facility, and securing a $500k line of credit. The company is progressing with its planned merger with SunLink Health Systems, expected to close in early Q3 2025.
Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) reported financial results for the year ending December 31, 2021. The company collected 94.1% of fourth-quarter cash rent and experienced total patient care revenues of $2.0 million for Q4, totaling $9.5 million for the year. Occupancy rates stood at 65.1% amid pandemic challenges. The exchange offer for Series A Preferred Shares aims to streamline capital structure. Net loss attributable to common stockholders was $661,000 for Q4, less than $1.0 million a year prior, with cash increasing to $6.8 million.
Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) has announced an Exchange Offer for its outstanding 10.875% Series A Cumulative Redeemable Preferred Shares, proposing to exchange them for newly issued 12.5% Series B Cumulative Redeemable Preferred Shares. This offer is valid until 11:59 p.m. on March 28, 2022, unless extended. The Exchange Offer's success is contingent upon shareholder approval of associated proposals during a special meeting. The complete terms are outlined in the Proxy Statement/Prospectus filed with the SEC.
Regional Health Properties, Inc. (RHE, RHEPA) reported a net loss of $39,000 for Q3 2021, improving from $73,000 in Q3 2020. Total rental revenues decreased by 4.0% to $4.1 million, primarily due to terminated subleases. Notably, the company maintained a strong cash position with $6.2 million on hand. Rent collections stood at 97.4%, and refinancing efforts are ongoing with interest costs reduced by 155 basis points. However, general and administrative costs rose by 30.8% to $1.0 million, highlighting increased operational expenses.