REGIONAL HEALTH PROPERTIES, INC (RHEP) Regional Health Properties, Inc. (RHEP) functions as an independently managed real estate investment company, operating through its subsidiaries. Its core investment strategy centers on properties specifically developed for long-term care and senior living. The company's business model primarily involves renting out these facilities to external operators, who are then responsible for their management. These locations provide a comprehensive array of healthcare services to their residents and patients, including skilled nursing, assisted living, social services, various therapeutic interventions, and other rehabilitative and medical support for both short- and long-term stays. As of December 31, 2021, RHEP's portfolio encompassed 24 facilities—either owned, leased, or managed—predominantly situated across the Southeastern United States. Founded in 1991, the firm maintains its headquarters in Suwanee, Georgia.
Sector: Lessors of Real Property, NEC
Industry: Medical - Care Facilities
Regional Health Properties, Inc. OTC:RHEP Healthcare · Medical - Care Facilities
All Press Release SEC Filings News
SEC Filing ⚠ 3
RHEP: DEF 14A · proxy statement
Regional Health Properties filed its 2026 annual meeting proxy statement for a November 10, 2026 meeting. Shareholders will elect six directors across three voting classes (common, Series B and Series D preferred) and ratify Cherry Bekaert as auditor for fiscal 2026. All six incumbents are standing for re-election with no contested items.
The filing discloses CEO Brent Morrison's 2025 total compensation of $440,850 and a new CFO, Marlie Davis, appointed May 2026 with a $265,000 base salary plus 35,000 RSUs and options on 35,000 shares. Auditor fees totaled $318,000 in 2025.
Governance notes include preferred-class board election rights (one Series B director, two Series D directors), director pay cut to a $25,000 retainer under the 2025 fee policy, and Bradley Radoff holding 8.32% of common stock per a Schedule 13G.
SEC DEF 14A • 24d ago Press Release ● Major ⚠ 3
Regional Health Properties Reports Second Quarter 2026 Results
Regional Health Properties reported Q2 2026 revenue of $24.4 million, up from $10.1 million in the prior year, as the SunLink merger and operational gains drove strong top-line growth.
Adjusted EBITDA from operations turned positive at $0.7 million compared to $56,000 a year ago, supported by an 870-basis-point improvement in portfolio occupancy to 74.9%.
The company repurchased 5,000 Series B Preferred Shares and ended the quarter with $42.6 million in net debt while evaluating refinancing options to improve liquidity.
• 2mo ago AI analysis › SEC Filing ⚠ 6
RHEP: 10-Q · periodic report
Regional Health Properties' Q2 2026 revenue more than doubled to $24.4 million from $10.1 million a year earlier, driven by the Pharmacy Services segment added in the August 2025 SunLink merger ($9.6 million) and facilities shifted from leased to operated status, which lifted patient care revenues 59.6% to $14.0 million. Net loss narrowed 45.4% to $0.8 million ($0.20 per share) from $1.4 million ($0.68), and portfolio occupancy improved to 74.9% from 67.3% at September 30, 2025.
The balance sheet remains strained: the company held just $1.7 million of unrestricted cash against $42.6 million of debt, carries a $1.7 million stockholders' deficit and an $83.7 million accumulated deficit, and expects roughly $8.0 million of principal repayments over the next twelve months, funded partly by refinancing and held-for-sale asset proceeds. Management nonetheless concluded it is probable the company can meet obligations arising within one year — no going-concern qualification this quarter.
Key risk items persist: the company is out of compliance with covenants on the Southland-related USDA ($5.0 million) and SBA ($0.8 million) notes with Cadence Bank, which are under forbearance through February 1, 2027, and 100% of Real Estate segment rent comes from tenants affiliated with Aspire Regional Partners. The stock trades on OTCQB following the June 2025 NYSE American delisting, and during the half the company repurchased 35,232 Series B preferred shares for about $217,000.
SEC 10-Q • 2mo ago AI analysis › Press Release ⚠ 3
Regional Health Properties Reports First Quarter 2026 Results
Regional Health Properties reported Q1 2026 revenue of $21.2 million, a 194% increase year-over-year driven by the inclusion of Pharmacy Services following the SunLink merger.
The company posted a GAAP net loss of $1.2 million and Adjusted EBITDA of $0.5 million, reflecting the integration costs and working capital demands of the expanded platform.
Liquidity remains constrained with only $1.1 million in unrestricted cash against $42.6 million in total debt, prompting management to evaluate refinancing alternatives.
• 5mo ago AI analysis › SEC Filing ⚠ 5
RHEP: 10-Q · periodic report
Regional Health Properties reported a net loss of $1.2 million for the first quarter of 2026, driven by increased operating expenses following the integration of the SunLink Health Systems pharmacy business and the transition of several facilities to direct operation. Total revenues surged 194% year-over-year to $21.2 million, but this growth was offset by higher patient care and general administrative costs, resulting in a continued loss position.
The company disclosed severe liquidity constraints, holding only $1.1 million in unrestricted cash against $42.6 million in total debt. Management stated that short-term liquidity will depend on asset sales, refinancing, and collections, while noting that access to equity capital is limited due to the company's OTCQB listing status following its delisting from NYSE American.
Critically, the company entered into forbearance agreements with Cadence Bank for $5.8 million in USDA and SBA notes related to the Southland facility, acknowledging defaults on these obligations. The forbearance period extends to February 1, 2027, during which the company must make regular payments and resolve the defaults to avoid foreclosure or acceleration of debt.
SEC 10-Q • 5mo ago AI analysis › Press Release
REGIONAL HEALTH PROPERTIES ANNOUNCES APPOINTMENT OF MARLIE DAVIS AS CHIEF FINANCIAL OFFICER
Regional Health Properties named Marlie Davis as its new Chief Financial Officer, succeeding Mark Stockslager who retired from the post.
Ms. Davis arrives with significant finance and real estate experience, most recently serving as CFO of Hatteras Sky.
CEO Brent Morrison stated she will strengthen the financial foundation and support strategic priorities, assuming her role immediately.
• 5mo ago AI analysis › 
