Regional Health Pptys Stock Price, News & Analysis
Company Description
REGIONAL HLTH PPTY B PFD (ticker RHEPB) represents a series of preferred shares issued by Regional Health Properties, Inc., a Georgia corporation. According to company disclosures and recent filings, Regional Health Properties is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. The company is headquartered in Atlanta, Georgia and its securities, including preferred share series, trade on the OTCQB market under various symbols.
Regional Health Properties’ business centers on owning and investing in healthcare real estate used for senior living and long-term care. Company communications describe a portfolio that includes facilities such as skilled nursing and senior living properties, with operations that generate patient care revenues and rental revenues. Over time, the company has both leased facilities to operators and, in some cases, taken back operations of certain facilities. Management commentary in financial results releases highlights efforts to improve occupancy, work with operating partners, and manage facility performance.
In addition to its real estate focus, Regional Health Properties has undertaken corporate actions that affect its capital structure and preferred shareholders. For example, the company has disclosed 12.5% Series B Cumulative Redeemable Preferred Shares and has announced distributions of common stock to holders of these preferred shares, as well as authorization of a Stock Repurchase Plan for up to an aggregate of 500,000 shares of Series B Preferred Stock. The company has also created a Series D Cumulative Convertible Redeemable Participating Preferred class in connection with its merger activity.
Recent news describes a merger of SunLink Health Systems, Inc. with and into Regional Health Properties, Inc., with Regional surviving the merger as the continuing corporation. Company releases state that by combining SunLink’s pharmacy and healthcare services with Regional’s real estate platform, the combined entity is positioned as a vertically integrated healthcare services company. Following the merger, the combined company continues to operate under the name Regional Health Properties, Inc. and to trade under Regional’s ticker symbols on the OTCQB.
Regional Health Properties communicates financial information that includes patient care revenues, rental revenues, and non-GAAP measures such as EBITDA and Adjusted EBITDA, which management describes as supplemental indicators of operating performance. The company’s disclosures also discuss its debt structure, including fixed-rate and floating-rate debt tied to specific facilities and corporate obligations, with maturities extending over multiple years.
The company has addressed listing status matters in its public communications. It reported receiving a notice from NYSE American regarding a determination to commence proceedings to delist its common stock and Series A Redeemable Preferred Shares from that exchange, and indicated its intention to appeal. Subsequent disclosures identify its securities, including preferred share series, as trading on the OTCQB.
Governance and shareholder matters are outlined in Regional Health Properties’ proxy materials and Form 8-K filings. These documents describe the election of directors by different voting groups (common stock, Series B Preferred Stock, and Series D Preferred Stock), approval of an Amended and Restated 2023 Omnibus Incentive Compensation Plan, advisory votes on executive compensation, and ratification of the company’s independent registered public accounting firm. The company holds annual meetings of shareholders in Atlanta, Georgia, and uses proxy statements to present proposals and solicit votes.
For investors analyzing REGIONAL HLTH PPTY B PFD (RHEPB), these preferred shares are part of a broader capital structure that includes multiple equity and preferred series tied to a healthcare real estate platform focused on senior living and long-term care. Company filings and news releases provide detail on how preferred shareholders participate in governance (through designated board seats for certain series), how distributions and special actions (such as stock dividends or repurchase authorizations) are handled, and how the company’s strategic transactions, including the SunLink merger, affect the overall enterprise.
Business focus and operations
Regional Health Properties describes itself as a self-managed healthcare real estate investment company. Its communications emphasize investment in real estate purposed for senior living and long-term care. Financial disclosures show revenue streams labeled as patient care revenues and rental revenues, reflecting both operating and leasing activities related to healthcare facilities. Management has noted contracts with third-party managers for certain facilities and has discussed transitions of facility operations back to the company in some cases.
Company releases reference specific facilities and related debt, illustrating that its assets include individual care centers financed through long-dated fixed-rate and floating-rate obligations. These disclosures provide insight into the company’s long-term capital commitments and the facility-level nature of its real estate investments.
Capital structure and preferred shares
Regional Health Properties’ equity structure includes common stock and multiple series of preferred shares. Public filings and news releases describe:
- Series A Redeemable Preferred Shares, which are referenced in balance sheet disclosures and proxy materials.
- 12.5% Series B Cumulative Redeemable Preferred Shares, which carry a stated dividend rate and have been the subject of a distribution of common stock and a board-authorized repurchase plan for up to 500,000 shares.
- Series D Cumulative Convertible Redeemable Participating Preferred Shares, created in connection with the SunLink merger, with stated dividend and conversion terms described in merger-related news releases.
REGIONAL HLTH PPTY B PFD (RHEPB) provides market access to one of these preferred series. Company communications indicate that certain preferred series have designated voting rights for electing specific members of the board of directors, giving preferred shareholders a defined role in corporate governance.
Corporate transactions and strategic developments
Regional Health Properties has undertaken significant corporate actions, including:
- An all-stock merger in which SunLink Health Systems, Inc. merged with and into Regional Health Properties, Inc., with Regional as the surviving corporation.
- The issuance of Regional common stock and Regional Series D preferred stock to SunLink shareholders as merger consideration, as detailed in joint news releases.
- Board-approved actions affecting preferred shareholders, such as a distribution of common stock to holders of Series B Preferred Stock pursuant to the terms of the company’s Amended and Restated Articles of Incorporation, and authorization of a Stock Repurchase Plan for Series B Preferred Stock.
These events are documented in company news releases and SEC filings and form part of the context for evaluating RHEPB as a preferred equity security within a healthcare real estate and services platform.
Regulatory and shareholder information
Regional Health Properties files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, 8-K, and proxy statements on Schedule 14A. These documents provide information on:
- Financial performance, including revenues, expenses, and net income or loss.
- Debt levels, maturities, and interest rates associated with facility-level and corporate borrowings.
- Share counts and redemption amounts for preferred share series.
- Shareholder meeting agendas, director elections, executive compensation matters, and auditor ratification.
For holders or prospective investors in REGIONAL HLTH PPTY B PFD, these filings and company news releases are primary sources for understanding the rights associated with the preferred shares, the company’s financial condition, and the governance framework in which preferred shareholders participate.