Core Viewpoint - Regional Health Properties, Inc. has reported its financial results for the second quarter of 2025, highlighting a strategic transition towards direct operation of facilities and the completion of a transformative merger with SunLink Health Systems, Inc. [2][5] Financial Results for Q2 2025 - Total revenue for the second quarter of 2025 was $10.1 million, with a GAAP net loss of $1.4 million and an EBITDA loss of $406,000. Adjusted EBITDA was reported at $456,000 [3][19]. - For the six months ended June 30, 2025, total revenue reached $17.2 million, with an Adjusted EBITDA of $964,000 [7]. Business Highlights - The company now directly operates 50% of its facilities, which enhances control and alignment with strategic objectives [2]. - The average occupancy rate in June 2025 was 66.8%, the highest in over a year, and the Meadowood facility's memory care unit maintained a stabilization rate of 93% occupancy [7]. - A management contract was entered into with CJM Advisors to manage facilities in South Carolina and Georgia [7]. Merger Details - The merger with SunLink was completed on August 14, 2025, with each five shares of SunLink common stock converted into 1.1330 shares of Regional common stock and one share of Regional Series D preferred stock [6][5]. - The combined company will continue to operate under the name Regional Health Properties, Inc. and will be led by Brent S. Morrison as President and CEO [7][8]. Balance Sheet and Liquidity - As of June 30, 2025, the company had $49.9 million in net assets, with a weighted-average annual interest rate of 5.0% and a weighted-average maturity of approximately 16 years [4][16]. - Net cash provided by operating activities for the six months ended June 30, 2025, was $805,000 [4].

Core Viewpoint - Regional Health Properties, Inc. reported its financial results for the second quarter of 2025, highlighting a strategic transition towards direct operation of facilities and a recent merger with SunLink Health Systems, aimed at enhancing growth and efficiency. Financial Results for Q2 2025 - The company reported total revenue of $10.1 million for the second quarter of 2025, with a GAAP net loss of $1.4 million and an EBITDA loss of $406,000. Adjusted EBITDA was reported at $456,000 [3][10][22]. Business Highlights - The company now directly operates 50% of its facilities, which aligns with its strategic objectives. The merger with SunLink is expected to create a vertically integrated healthcare services company [2][5]. - The average occupancy rate in June 2025 was 66.8%, the highest in over a year, with the Meadowood facility's memory care unit stabilizing at 93% occupancy [10]. Balance Sheet and Liquidity - As of June 30, 2025, the company had $49.9 million in net assets, with a weighted-average annual interest rate of 5.0% and a maturity of approximately 16 years. Net cash provided by operating activities for the first half of 2025 was $805,000 [4][16]. Merger Completion - The merger with SunLink was completed on August 14, 2025, with each five shares of SunLink common stock converted into 1.1330 shares of Regional common stock and one share of Regional Series D preferred stock [5][6][7]. - The combined company will continue to operate under the name Regional Health Properties, Inc. and will be led by Brent S. Morrison as President and CEO [8][9]. Leadership and Board Composition - The leadership team includes Mark J. Stockslager as CFO and Robert M. Thornton, Jr. as Executive VP of Corporate Strategy, both formerly from SunLink. The Board of Directors will include members from both Regional and SunLink [8][9]. Revenue Comparison - For the six months ended June 30, 2025, total revenue was reported at $17.2 million, with an Adjusted EBITDA of $964,000, indicating growth compared to the previous year [10][14].

Atlanta, GA, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Regional Health Properties, Inc. (“Regional”) (OTCQB: RHEP) (OTCQB: RHEPA) and SunLink Health Systems, Inc. (“SunLink”) (NYSE American: SSY) jointly announced today that, at special meetings of their respective shareholders each held on August 4, 2025, Regional shareholders and SunLink shareholders approved the merger of SunLink with and into Regional, with Regional as the surviving corporation pursuant to the Amended and Restated Agreement and Plan of Merger, ...