Welcome to our dedicated page for Regional Health Properties news (Ticker: RHE), a resource for investors and traders seeking the latest updates and insights on Regional Health Properties stock.
Regional Health Properties, Inc. (symbol: RHE) is a self-managed healthcare real estate investment company. The firm primarily invests in real estate designed for senior living and long-term healthcare. Through strategic facility lease and sub-lease transactions, the company ensures optimal use of its properties.
Regional Health Properties operates two main segments: the real estate segment and the healthcare services segment. While the real estate segment focuses on property investments and leases, the healthcare services segment generates the majority of the company’s revenue. This dual-segment structure enables the company to maintain a diversified portfolio across various states, with significant concentrations in Georgia and Ohio.
The company's mission is to provide high-quality healthcare facilities that cater to the needs of seniors and those requiring long-term care. Recent achievements include strong financial results for the second, third, and fourth quarters of 2023, evidencing its robust financial health and strategic business operations.
Regional Health Properties regularly updates stakeholders on its financial performance. For instance, the second quarter of 2023 showed promising business highlights and management comments. Similarly, in the third quarter of 2023, the company delivered solid financial results, with calculations of non-GAAP financial measures such as Adjusted EBITDA, EBITDA, and EBITDAR providing deeper insights into its profitability and operational efficiency. These measures help investors and analysts understand the company's financial performance more accurately.
The company is led by Brent Morrison, CFA, who serves as the Chief Executive Officer and President. Under his leadership, Regional Health Properties continues to advance its mission of enhancing healthcare real estate for senior living and long-term care.
For further information, stakeholders can contact Brent Morrison directly at (678) 368-4402 or via email at Brent.Morrison@regionalhealthproperties.com.
Regional Health Properties has received a delisting notice from NYSE American for both its common stock and Series A Preferred Shares. The NYSE Regulation determined the company failed to regain compliance with Sections 1003(a)(i) and (ii) of the NYSE American Company Guide by the end of its 18-month compliance period on November 10, 2024.
The company has until November 18, 2024, to request a review by the Listings Qualifications Panel and intends to appeal the determination. Trading will continue during the appeal process. While the company is working to regain compliance, there is no guarantee of success.
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