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Regional Health Properties, Inc. Outlines Reasons for Regional Shareholders to Vote YES for Proposed Merger with SunLink Health Systems, Inc.
Regional Health Properties, Inc. Outlines Reasons for Regional Shareholders to Vote YES for Proposed Merger with SunLink Health Systems, Inc..
About this update from Regional Health Properties, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Regional Health Properties, Inc. Outlines Reasons for Regional Shareholders to Vote YES for Proposed Merger with SunLink Health Systems, Inc.\r\n \r\n \r\n\r\n\r\nRegional Health Properties, Inc. Outlines Reasons for Regional Shareholders to Vote YES for Proposed Merger with SunLink Health Systems, Inc.\r\n\r\n\r\n\r\n\r\n\r\nATLANTA, GA, July 28, 2025 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (“Regional”) (OTCBQ: RHEP) (OTCQB: RHEPA) (OTCQB: RHEPB), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, today issues the following statement to its common stock shareholders. Shareholders recently may have received or seen communication from two of Regional’s shareholders, Ken Grossman and Charlie Frischer, opposing the pending merger (the “merger”) of Regional and SunLink Health Systems, Inc. (“SunLink”). Please do not be confused by these shareholders. Regional does not believe that Messrs. Grossman and Frischer have the Regional common shareholders’ best interests in mind. Mr. Grossman is the owner of approximately 6% of Regional’s Series B preferred stock, but owns only approximately 1% of Regional’s common stock. Lisewise, Mr. Frischer owns approximately 21% of the Regional’s Series B preferred stock, but owns only approximately 7% of Regional’s common stock. Mr. Morrison’s communications with Messrs. Grossman and Frischer over the years have been primarily related to their Series B preferred stock. Regional’s belief is that their interest is in advancing the interests of the Series B preferred shareholders, not those of the common shareholders. Specifically, please be aware that: \r\n \r\n  \r\n 1.\r\n The purported “two detailed written offers” are not entirely as described by both gentlemen. There were many conditions and uncertainties to those “offers” with no certainty of satisfaction or accomplishment – one actually has been superseded by an offer for fewer shares – whereas the merger is well documented and agreed. Mr. Morrison’s personal belief is that they may be working in concert to push to liquidate Regional Health, in which event the Series B preferr...