Regional Health Properties Completes Merger with SunLink Health Systems.

Regional Health Properties (RHEP) has completed the merger with SunLink Health Systems, creating a vertically integrated company with a real estate platform and pharmacy and healthcare services. The merger aims to drive growth, efficiency, and long-term value creation. Each five shares of SunLink common stock were converted into the right to receive 1.1330 shares of RHEP common stock.

Regional Health Properties, Inc. (RHEP) has completed its merger with SunLink Health Systems, Inc., effective August 14, 2025. The merger creates a vertically integrated healthcare company that combines SunLink's pharmacy and healthcare services with Regional's real estate platform. The combined entity will operate under the name Regional Health Properties, Inc. and will continue to trade under RHEP's ticker symbols on the OTCQB.

The merger terms specify that each five shares of SunLink common stock will be converted into the right to receive 1.1330 shares of RHEP common stock and one share of RHEP 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 RHEP common stock and approximately 1,408,120 shares of RHEP Series D preferred stock [1].

The newly formed company will be led by Brent S. Morrison as President and Chief Executive Officer, with Mark J. Stockslager serving as Chief Financial Officer and Robert M. Thornton, Jr., as Executive Vice President – Corporate Strategy. The Board of Directors will include Brent S. Morrison, Kenneth W. Taylor, Steven L. Martin, Dr. Steven J. Baileys, Gene E. Burleson, Scott Kellman, and C. Christian Winkle [2].

Regional Health Properties, Inc. is headquartered in Atlanta, Georgia, and primarily invests in real estate for senior living and long-term care. The merger aims to drive growth, improve efficiency, and create long-term value by leveraging the strengths of both companies. However, investors are urged to read the tender offer statement and other relevant documents filed with the SEC to understand the potential risks and uncertainties associated with the merger [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133960/0/en/Regional-Health-Properties-Inc-and-SunLink-Health-Systems-Inc-Complete-Merger.html
[2] https://www.stocktitan.net/news/RHEP/regional-health-properties-inc-and-sun-link-health-systems-inc-gzxh7j3hs07b.html