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 (RHE, RHEPA) reported a net loss of $503,000 for Q2 2021, compared to a net income of $412,000 the previous year. Total rental revenues decreased by 12.3% to $3.8 million, primarily due to lease terminations. Despite these challenges, the company ended the quarter with $5.6 million in unrestricted cash, up from $4.2 million at the start of the year. With rent collections at 97.1%, management is restructuring its capital to enhance growth opportunities post-COVID-19. The portfolio's occupancy rate was 67.7%, with rent coverage metrics at 1.71x before and 1.22x after management fees.
Regional Health Properties, Inc. (NYSE American: RHE, RHEPA) has joined the Russell Microcap® Index as of June 28, 2021. This inclusion enables automatic access to growth and value style indexes, which could enhance investor visibility. CEO Brent Morrison emphasized that this membership will help attract a wider audience as business fundamentals stabilize post-pandemic. The Russell indexes, managed by FTSE Russell, serve as benchmarks for $10.6 trillion in assets, indicating significant institutional interest.
Regional Health Properties (RHE) has filed a Form S-4 Registration Statement with the SEC to initiate an Exchange Offer. This proposal involves exchanging all outstanding shares of its 10.875% Series A Cumulative Redeemable Preferred Shares for 0.5 shares of newly issued Common Stock for each tendered share. Additionally, RHE will seek proxy approvals for amendments to its Articles of Incorporation. The Exchange Offer and proxy solicitation have not yet started; shareholders are advised to wait for further instructions. The securities may not be sold until the Registration Statement is effective.
Regional Health Properties (NYSE American: RHE, RHEPA) reported Q1 2021 results, revealing a net income of $21,000, a notable improvement from a net loss of $14,000 in the previous year. The company ended the quarter with $6.2 million in unrestricted cash and collected 97.2% of its rent, signaling strong cash flow. However, total rental revenues decreased by 5.0% to $4.1 million due to lease terminations. Management initiated refinancing on six properties to reduce interest rates and improve cash flow, aiming for growth as occupancy rates recover from COVID-19 disruptions.
Regional Health Properties, Inc. (RHE, RHEPA) reported a net loss of $3.3 million for Q4 2020, compared to a $1.5 million loss in Q4 2019. For the full year, the company posted a $9.7 million net loss, significantly worsening from a $3.5 million loss the previous year. Total rental revenue fell 20.2% in Q4 2020 to $3.4 million, with annual revenue down 14.3% to $16.3 million. Despite these challenges, management indicated a positive cash flow and an increase in rent collections to 91% as of early March 2021. They also highlighted strategic operator transitions and potential refinancing opportunities.