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Regional Health Properties, Inc. and SunLink Health Systems, Inc. Announce Receipt of Shareholder Approvals for Merger
GlobeNewswire News Roomยท 2025-08-04 21:30
Core Viewpoint - Regional Health Properties, Inc. and SunLink Health Systems, Inc. have announced the approval of their merger by shareholders, with Regional as the surviving entity, pending customary closing conditions [1]. Group 1: Merger Details - The merger was approved during special meetings held on August 4, 2025, by both Regional and SunLink shareholders [1]. - SunLink shareholders also provided non-binding advisory approval for the merger-related compensation proposal [1]. - The merger is governed by the Amended and Restated Agreement and Plan of Merger dated April 14, 2025 [1]. Group 2: Share Issuance - Regional shareholders approved the issuance of common stock and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares in connection with the merger [2]. - Details regarding the Series D Preferred Stock were previously disclosed in Regional's filings with the SEC [2]. Group 3: Company Background - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company focused on senior living and long-term care properties [3]. - SunLink Health Systems, Inc. operates subsidiaries including Carmichael's Cashway Pharmacy [4].