Regional Health Properties and SunLink Health Systems Receive Shareholder Approvals for Merger

Regional Health Properties and SunLink Health Systems announced receipt of shareholder approvals for their merger. The merger remains subject to customary closing conditions. Regional shareholders approved the issuance of shares and Series D Preferred Stock. SunLink shareholders approved the merger and merger-related compensation proposal on an advisory basis.

Regional Health Properties, Inc. (OTCQB: RHEP) and SunLink Health Systems, Inc. (NYSE American: SSY) have received shareholder approvals for their planned merger, which is scheduled to close on August 4, 2025. Both companies' shareholders voted in favor of the merger agreement, where SunLink will merge into Regional, with Regional continuing as the surviving corporation.

The merger approval includes Regional shareholders' authorization to issue new common stock and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares. SunLink shareholders additionally approved a non-binding advisory merger-related compensation proposal. The transaction's completion remains subject to customary closing conditions [1].

In a special meeting held on August 4, 2025, Regional shareholders approved the issuance of shares of Regional common stock and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares. SunLink shareholders approved the merger and the merger-related compensation proposal on an advisory basis. The merger cannot be consummated unless SunLink stockholders approve the merger agreement and related transactions, including the merger [2].

Regional Health Properties, Inc., headquartered in Atlanta, Georgia, is a self-managed healthcare real estate investment company that primarily invests in real estate for senior living and long-term care. SunLink Health Systems, Inc., also headquartered in Atlanta, is the parent company of subsidiaries that own and operate Carmichael's Cashway Pharmacy [1].

The merger is expected to bring significant benefits to both companies, including expanded market reach and operational efficiencies. However, investors are urged to read the tender offer statement and other relevant documents filed with the SEC to obtain important information about the proposed merger [1].

References:
[1] https://www.stocktitan.net/news/RHEP/regional-health-properties-inc-and-sun-link-health-systems-inc-5yzms613nm6c.html
[2] https://finance.yahoo.com/news/sunlink-health-systems-inc-adjourns-203400903.html