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LF Partners' Charles Frischer Outlines Reasons for Regional Shareholders to Vote No Against Their Proposed Merger With Sunlink.
LF Partners' Charles Frischer Outlines Reasons for Regional Shareholders to Vote No Against Their Proposed Merger With Sunlink..
About this update from Regional Health Properties, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n LF Partners' Charles Frischer Outlines Reasons for Regional Shareholders to Vote No Against Their Proposed Merger With Sunlink.\r\n \r\n \r\n\r\n\r\nLF Partners' Charles Frischer Outlines Reasons for Regional Shareholders to Vote No Against Their Proposed Merger With Sunlink.\r\n\r\n\r\n\r\n\r\n\r\nProposed Merger of Regional Health Properties, Inc. (\"Regional\" or \"the Company\") with SunLink Health Systems, Inc. (\"SunLink\").\r\n The Company is trying to hide three superior offers from you in order to ram through a substantially inferior merger proposal with SunLink. SEATTLE, WA / ACCESS Newswire / July 28, 2025 / In a letter to investors published today, LF Partners' Charles Frischer outlines why Regional shareholders should vote NO on the proposed SunLink merger.\r\n Dear Fellow Shareholders,\r\n I am the largest outside shareholder of Regional Health and own 7% of the common and 21% of the preferred shares. I recently posted a podcast I did on X @cfrischer1 which describes in detail why I think this merger is a very bad deal for common and preferred shareholders. In fact, I think this deal is worse for common shareholders than preferred shareholders.\r\n The shareholders of Regional Health have been misled. Over the past six months or more, Regional's board and management have received multiple alternative and superior offers for your shares. Just this past Friday, July 18, 2025, two publicly available filings came to light which the Company would rather you not read or consider. The first, from the Company, revealed for the very first time, barely 2 weeks before the vote, that not one, but two significant owners and/or operators of skilled nursing facilities delivered written offers to purchase the Company for values which should far exceed the value provided by the merger with SunLink. Based upon my knowledge of both bidders, they were both Ready, Willing and Able to transact for Regional Health.\r\n On the same afternoon, last Friday, one of these two owner, operators, Black Pearl, made a public tender offer for up to 49% of our shares at $4.25. Yet the Company is barreling ahead seeking to merge with Sunlink. Significantly, Regional has not provided any financials created by a credible advisor showing the value of your shares in the merger (and ironically, SunLink has provided its shareholders with...