Regional Health Properties Reports Third Quarter 2025 Results Following Completion of Merger with SunLink Health Systems, Inc.
Globenewswire·2025-11-20 22:05

Core Insights - Regional Health Properties, Inc. reported strong financial results for Q3 2025, highlighting a successful merger with SunLink Health Systems and achieving high facility census levels [3][4] - The company generated total revenue of $15.1 million and a GAAP net income of $3.4 million for the third quarter [4][8] - The company completed the sale of its Coosa Valley facility post-quarter-end, aiming to utilize the proceeds to enhance shareholder value [3] Financial Results for Q3 2025 - Total revenue for Q3 2025 was $15.1 million, compared to $4.2 million in Q3 2024, indicating significant growth [4][12] - GAAP net income for Q3 2025 was $3.4 million, a recovery from a net loss of $982,000 in Q3 2024 [4][12] - Adjusted EBITDA for Q3 2025 was $413,000, contrasting with a loss of $998,000 in the same period last year [4][22] Financial Results for Nine Months Ended September 30, 2025 - Total revenue for the nine months ended September 30, 2025, was $32.4 million, up from $12.7 million in the same period of 2024 [8][15] - GAAP net income for the nine months was $671,000, compared to a net loss of $2.65 million in the previous year [8][16] - Adjusted EBITDA for the nine months was $982,000, compared to $2.56 million in the same period last year [8][22] Balance Sheet and Liquidity - As of September 30, 2025, the company had $48.6 million in outstanding debt with a weighted-average interest rate of 5.0% and a maturity of approximately 16 years [5][18] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $990,000 [5] Business Highlights - The company achieved a facility census at its highest level since November 2022 [8] - A bargain purchase gain of $5.3 million was recognized from the SunLink merger [8][12] - The company repurchased 366,359 shares of its 12.5% Series B Cumulative Redeemable Preferred Shares at a discount to liquidation preference [8]