Business
Regional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger
Regional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger.
About this update from Regional Health Properties, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Regional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger\r\n \r\n \r\n\r\n\r\nRegional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger\r\n\r\n\r\n\r\n\r\n\r\nAtlanta, GA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (“Regional”) (OTCQB: RHEP) (OTCQB: RHEPA) today announced the completion of the merger of SunLink Health Systems, Inc. (“SunLink”) with and into Regional, with Regional surviving the merger as the surviving corporation, effective August 14, 2025. “This merger marks a transformative step for Regional Health Properties. By integrating SunLink’s pharmacy and healthcare services with our real estate platform, we’re creating a vertically integrated company poised for growth, improved efficiency, and long-term value creation,” said Brent S. Morrison, Chairman and Chief Executive Officer of Regional. At the closing of the merger, each five shares of SunLink common stock were converted into the right to receive (i) 1.1330 shares of Regional common stock and (ii) one share of Regional Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares (“Regional Series D preferred stock”). The total aggregate consideration payable in the merger was approximately 1,595,400 shares of Regional common stock and approximately 1,408,120 shares of Regional Series D preferred stock. The combined company will operate under the name Regional Health Properties, Inc. and trade under Regional’s ticker symbols on the OTCQB. The combined company will be led by Brent S. Morrison, as President and Chief Executive Officer of Regional. In addition to Mr. Morrison, the Regional leadership team includes Mark J. Stockslager, as Chief Financial Officer of Regional (and formerly the Chief Financial Officer of SunLink), and Robert M. Thornton, Jr., as Executive Vice President – Corporate Strategy of Regional (and formerly the Chief Executive Officer of SunLink). The Board of Directors of Regional will be composed of Brent S. Morrison, Kenneth W. Taylor and Steven L. Martin, who continue from Regional’s Board of Directors, Dr. Steven J. Baileys and Gene E. Burleson, who continue from SunLink’s Board of Directors, and Scott Kellman and C. Christian Wink...