Welcome to our dedicated page for Regional Health Pptys news (Ticker: RHEPB), a resource for investors and traders seeking the latest updates and insights on Regional Health Pptys stock.
The news feed for REGIONAL HLTH PPTY B PFD (RHEPB) aggregates coverage of Regional Health Properties, Inc., the issuer of this preferred share series. Regional Health Properties is a self-managed healthcare real estate investment company headquartered in Atlanta, Georgia, that invests primarily in real estate purposed for senior living and long-term care. Company news provides context for RHEPB holders by detailing financial performance, strategic transactions, and actions affecting preferred shareholders.
Regular earnings releases discuss patient care revenues, rental revenues, operating income or loss, and non-GAAP measures such as EBITDA and Adjusted EBITDA. These updates often include commentary from management on occupancy trends at facilities, contracts with third-party managers, and steps taken to manage the company’s portfolio of senior living and long-term care properties.
News items also highlight capital structure developments that are particularly relevant to preferred shareholders. Examples include the declaration of a dividend of common stock to holders of the 12.5% Series B Cumulative Redeemable Preferred Shares and authorization of a Stock Repurchase Plan for up to an aggregate of 500,000 shares of Series B Preferred Stock. Such announcements provide insight into how the company is addressing its preferred equity obligations.
A major theme in recent coverage is the merger of SunLink Health Systems, Inc. with and into Regional Health Properties, Inc., with Regional surviving as the combined company. News releases describe the issuance of Regional common stock and Series D preferred stock to SunLink shareholders and characterize the combined entity as a vertically integrated healthcare services company that pairs SunLink’s pharmacy and healthcare services with Regional’s healthcare real estate platform.
Other news includes information on listing status and corporate governance. The company has reported receiving a notice from NYSE American regarding delisting proceedings for certain securities and has described its intention to appeal, while also indicating that its securities trade on the OTCQB. Proxy-related communications and Form 8-K filings summarize shareholder meeting outcomes, including the election of directors by common and preferred shareholder groups, approval of an amended and restated omnibus incentive compensation plan, and advisory votes on executive compensation and auditor ratification.
Investors following RHEPB can use this news stream to monitor how Regional Health Properties’ operating results, real estate portfolio decisions, merger integration, and capital structure actions may influence the preferred share series over time.
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 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 (RHE) has announced a dividend distribution of 250,000 shares of common stock to holders of its 12.5% Series B Cumulative Redeemable Preferred Shares. The distribution will be made on a pro rata basis, with shares rounded down to the nearest whole share. The dividend is scheduled for payment around February 19, 2025, with a record date of February 10, 2025.
The distribution is mandatory under Regional's Amended and Restated Articles of Incorporation. Shareholders will receive their shares in book entry form, with no physical certificates being issued. Notably, Series B Preferred Stock holders won't need to pay any cash, provide other consideration, or surrender their existing preferred shares to receive this distribution.
Regional Health Properties (RHE) and SunLink Health Systems (SSY) have announced a definitive merger agreement, creating a combined healthcare company. Under the terms, SunLink will merge with Regional in exchange for 1,410,000 shares of Regional common stock and 1,410,000 shares of newly-authorized Series D 8% Cumulative Convertible Redeemable Preferred Stock ($10 liquidation preference).
The deal will give SunLink shareholders approximately 43% ownership of the combined company. SunLink brings $17.6 million in total assets and no long-term debt. Regional expects pre-tax cost synergies of $1.0 million by fiscal 2026. The merged company will be led by Regional's CEO Brent Morrison, with SunLink's CEO Robert Thornton serving as Executive VP of Corporate Strategy. The board will expand to include industry veterans C. Christian Winkle and Scott Kellman.
The transaction, unanimously approved by both boards, is expected to close in spring 2025, subject to shareholder and regulatory approvals.
Regional Health Properties (NYSE American: RHE) announced its Q3 2024 financial results on November 26, 2024. The company reported a reduced loss from operations of $0.3 million, improved from $0.4 million in Q3 2023. Adjusted EBITDA increased to $1.0 million, compared to $0.6 million in the same period last year. The company collected 80.3% of contractual rent and remains optimistic about future collections.
Business highlights include the Healthcare Services segment achieving its first positive EBITDA since 2022 and the Meadowood facility in Glencoe, AL reaching its highest occupancy level since 2022. The overall portfolio CMS star rating is the highest in over two years.
Financially, the company reported total revenue of $4.2 million and a net loss of $1.0 million. As of September 30, 2024, Regional had $49.7 million net of outstanding debt, with a weighted-average interest rate of 5.1% and maturity of approximately 17 years. Post-quarter, a $0.5 million line of credit was obtained to ensure compliance with debt payments.
Regional Health Properties has received a delisting notice from NYSE American for both its common stock and Series A Preferred Shares. The NYSE Regulation determined the company failed to regain compliance with Sections 1003(a)(i) and (ii) of the NYSE American Company Guide by the end of its 18-month compliance period on November 10, 2024.
The company has until November 18, 2024, to request a review by the Listings Qualifications Panel and intends to appeal the determination. Trading will continue during the appeal process. While the company is working to regain compliance, there is no guarantee of success.