Regional Health Properties, Inc. (RHEP) is soliciting shareholder votes at its November 10, 2026 annual meeting to elect six directors and ratify Cherry Bekaert, LLP as independent registered public accounting firm for the year ending December 31, 2026. Three director seats are voted on by common shareholders, one by Series B preferred holders and two by Series D preferred holders. The Board recommends voting “FOR” both proposals. Shareholders of record in those classes as of September 21, 2026 are eligible to vote.
The company’s 2025 pay-versus-performance figures list net income of $3.37 million, following net losses of $3.218 million in 2024 and $3.888 million in 2023. Marlie Davis, who became chief financial officer in May 2026, has an initial annual base salary of $265,000, a target bonus opportunity of $100,000, 35,000 restricted stock units and an option to purchase 35,000 common shares.
Regional Health Properties, Inc. reported significantly larger scale operations for the six months ended June 30, 2026, following its shift from a pure landlord to an owner‑operator with three segments: Healthcare Services, Pharmacy Services and Real Estate. Total revenues were $45.6 million, driven mainly by patient care revenue of $26.7 million and new pharmacy revenue of $17.2 million, compared with total revenues of $17.2 million a year earlier.
The company still posted a net loss of $2.0 million for the six‑month period and a stockholders’ equity deficit of $1.7 million, with total liabilities of $65.0 million and total debt of $42.6 million. Cash and restricted cash totaled $4.6 million, and operating activities provided $0.5 million of cash. Management discloses heavy reliance on collections of healthcare and pharmacy receivables and asset sales to fund near‑term needs.
The company’s securities were delisted from NYSE American in 2025 and now trade on the OTCQB, which it states could constrain access to capital. It remains in compliance with debt covenants except for USDA and SBA loans tied to the Southland facility, which are under forbearance agreements through February 1, 2027. Management evaluated its liquidity plans and concluded it is probable the company can meet obligations for at least 12 months after issuance, so the financial statements are prepared on a going‑concern basis.
REGIONAL HEALTH PROPERTIES, INC investor Bradley L. Radoff and The Radoff Family Foundation reported multiple open-market trades in Common Stock and Series D Preferred Stock between April 13 and June 15, 2026. Across these securities they bought 16,020 shares and sold 5,100 shares, a net increase of 10,920 shares. Many shares are held by the Radoff Family Foundation, for which Mr. Radoff disclaims any pecuniary interest. The 8% cumulative Series D Preferred is convertible into Common Stock at 1.1330 shares for every three preferred shares, subject to a 19.99% beneficial ownership cap and has no expiration date.
Bradley L. Radoff and The Radoff Family Foundation report initial ownership in Regional Health Properties, Inc. Radoff directly holds 208,926 shares of Common Stock and Series D Preferred Stock convertible into 64,076 Common shares, while the foundation holds 108,391 Common shares and Series D Preferred convertible into 25,681 Common shares. The Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares convert into Common Stock at 1.1330 shares for every three preferred shares and may not be converted if this would raise the reporting persons’ beneficial ownership above 19.99%; they may be deemed part of a Section 13(d) group and disclaim beneficial ownership beyond any pecuniary interest.
Regional Health Properties, Inc. received an updated ownership report from The Radoff Family Foundation and Bradley L. Radoff regarding its Common Stock, no par value. As of the reported date, the Radoff Family Foundation beneficially owned 131,581 shares, including 25,681 shares underlying the Issuer’s Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares.
Bradley L. Radoff directly beneficially owned 285,417 shares, including 64,680 shares underlying the same Series D Preferred, and may be deemed to beneficially own in total 416,998 shares, or 10.4% of the outstanding common shares. The Radoff Family Foundation’s holdings represent 3.3% of the outstanding shares, based on 3,924,667 shares outstanding as of May 13, 2026, plus the applicable underlying preferred shares. The reporting persons each disclaim beneficial ownership of securities they do not directly own.
REGIONAL HEALTH PROPERTIES, INC CEO and President Brent Morrison reported multiple insider purchases. Through an IRA, he bought 5,000 shares of common stock on June 5, 2026 at $1.15 per share and 10,000 common shares on May 29, 2026 at $1.18 per share in open-market transactions.
He also purchased 5,000 shares of Series D 8% Cumulative Convertible Redeemable Preferred Shares on May 27, 2026 at $2.02 per share through the same IRA. After these trades, the IRA holds 22,272 common shares and 17,000 preferred shares, while a separate direct holding shows 309,499 common shares as of May 27, 2026.
REGIONAL HEALTH PROPERTIES, INC director and CEO Brent Morrison reported open-market purchases of both preferred and common shares. Through an IRA, he bought 12,000 Series D 8% Cumulative Convertible Redeemable Preferred Shares at a weighted average price of $2.01 per share and 5,000 shares of common stock at a weighted average price of $1.27 per share. After these trades, he indirectly holds 11,300 Series D preferred shares and 7,272 common shares via the IRA, and directly holds 309,499 common shares. The filing notes that each purchase was executed in multiple trades within stated price ranges.
Regional Health Properties, Inc. reported Q1 2026 revenue of $21.2 million, up sharply from $7.2 million a year earlier, mainly from expanded healthcare operations and the new pharmacy segment. Patient care revenue rose to $12.7 million and pharmacy revenue contributed $7.6 million, while rental revenue declined as one facility shifted from lease to operated status.
The company posted a net loss of $1.2 million, similar to the prior-year loss. Cash used in operating activities was $0.9 million, and unrestricted cash stood at $1.1 million with $10.1 million of net receivables. Total debt was $42.6 million, and management entered forbearance agreements on certain Southland-related USDA and SBA notes. Management concluded it is probable the company can meet obligations for at least twelve months after issuance of these statements.
Regional Health Properties, Inc. disclosure amends beneficial ownership reporting for Bradley L. Radoff and the Radoff Family Foundation. As of the close of business on March 31, 2026, the Radoff Family Foundation directly owned 130,072 shares and Mr. Radoff directly owned 262,574 shares, for an aggregate of 392,646 shares when combining the Foundation and Mr. Radoff holdings. The filing ties percentages to 3,934,677 Shares outstanding as of March 10, 2026, showing approximately 3.3% for the Foundation and 9.8% for Mr. Radoff. The reported holdings include shares underlying the Issuer's Series D 8% Cumulative Convertible Redeemable Participating Preferred where noted. The filing is an amendment to a Schedule 13G/A and contains the Reporting Persons' disclaimers of beneficial ownership for securities they do not directly own.