Regional Health Properties' Merger with SunLink: A Better Option for Common Shareholders

Regional Health Properties, Inc. is urging shareholders to vote in favor of its proposed merger with SunLink Health Systems, Inc. The company disputes claims by two shareholders, Ken Grossman and Charlie Frischer, who oppose the merger. Regional notes that Grossman and Frischer own significant amounts of Series B preferred stock, but only small percentages of common stock. Regional believes their interests are aligned with those of the preferred shareholders, not common shareholders. The merger is well-documented and agreed upon, while Grossman and Frischer's offers are uncertain and may be intended to liquidate Regional Health.