12.5% Series B Cumulative Redeemable Preferred shares
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Regional Health Properties, Inc. Completes Repurchases of 12.5% Series B Cumulative Redeemable Preferred Shares
Globenewswireยท 2025-09-17 20:08
Core Viewpoint - Regional Health Properties, Inc. has completed the repurchase of 366,359 shares of its 12.5% Series B Cumulative Redeemable Preferred shares, utilizing excess cash from a recent merger with SunLink Health Systems [1][2]. Group 1: Share Repurchase Details - The company repurchased 366,359 shares through three privately negotiated transactions [1]. - After the repurchase, there are 1,885,913 shares of Series B Preferred remaining outstanding [2]. Group 2: Merger Impact - The merger with SunLink Health Systems is described as a transformative step for Regional Health Properties [2]. - A portion of the excess cash obtained from the merger is being used to repurchase Series B Preferred shares at a significant discount to the liquidation preference [2]. Group 3: Company Overview - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company based in Atlanta, Georgia, focusing on real estate for senior living and long-term care [3].