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Regional Health Properties, Inc. - RHE STOCK NEWS

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.

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Regional Health Properties has announced that it regained compliance with the NYSE American continued listing standards as of February 21, 2023. This follows the resolution of a deficiency related to the failure to hold an annual shareholders' meeting for the fiscal year ended December 31, 2021. Consequently, the compliance indicator was removed on February 22, 2023, and the Company is no longer listed among noncompliant issuers. Regional Health Properties operates primarily in senior living and long-term care real estate investments.

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On February 17, 2023, Regional Health Properties, Inc. (RHE) announced the declaration of a dividend of one one-thousandth of a share of its Series E Redeemable Preferred Shares for each outstanding share of common stock. This dividend is payable on February 28, 2023, to shareholders of record by 5 p.m. Eastern Time on February 27, 2023. The Series E Preferred Stock will have significant voting rights, allowing 1,000,000 votes per share concerning specific amendments to the Company’s Articles of Incorporation. Additionally, unredeemed shares at a shareholder meeting will automatically be redeemed by the Company. More details will follow in a Form 8-K filing with the SEC.

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Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) announced on January 3, 2023, that it received a notice from NYSE American for failing to hold an annual shareholders' meeting by December 31, 2022. The Company plans to hold the delayed 2022 annual meeting on February 14, 2023, in Duluth, Georgia. Post-meeting, Regional expects to regain compliance with NYSE listing standards. The press release also includes forward-looking statements regarding the timing of the meeting and associated expectations.

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Regional Health Properties, Inc. (AMEX: RHE, RHE-PA) held a special meeting on July 25, 2022, to discuss several proposals regarding its Series A and Series B Preferred Stocks. The Preferred Series A Charter Amendment and Series B Preferred Stock proposals were approved, while the Common Charter Amendment proposal was rejected, preventing the implementation of the amendments. Additionally, the Company terminated its Exchange Offer for Series A Preferred Stock due to the lack of requisite shareholder approval, leaving the Series A Preferred Stock unchanged and outstanding.

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ISS has recommended that Regional Health Properties' common shareholders vote in favor of Proposals 1 and 2 at the Special Meeting on July 25, 2022. Proposal 1 aims to amend the Series A Preferred Stock terms and increase the number of authorized shares from 60 million to 61 million, providing advantages like reducing liquidation preferences and deferring dividend accumulation. Proposal 2 seeks to approve adjournments for additional votes if necessary. The board emphasizes voting to benefit capital raising and strategic initiatives.

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Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) convened a Special Meeting on May 31, 2022 for holders of its Series A Preferred Stock and Common Stock. The meeting was adjourned to July 25, 2022, allowing additional time to solicit votes for required proposals. An Exchange Offer is ongoing, extending the deadline to July 25, 2022, enabling Series A holders to exchange shares for 12.5% Series B Preferred Shares. As of May 31, 2022, 2,307,609 shares were tendered.

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Regional Health Properties, Inc. (AMEX: RHE, RHE-PA) announced noncompliance with NYSE American's listing standards after failing to file its Q1 2022 report on time. The notice was received on May 24, 2022, stating that the delayed filing was required by May 23, 2022. The company is currently working on completing the report and plans to file it within 30 days. If not rectified, the company may face delisting procedures. The company's stock will continue to trade under symbols ‘RHE’ and ‘RHE-PA’ but will be marked as a late filer.

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Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) held a Special Meeting on May 2, 2022, for holders of its 10.875% Series A Cumulative Redeemable Preferred Shares and common stock. The meeting was adjourned to May 31, 2022, to solicit additional votes. An Exchange Offer for the Series A Preferred Stock has been initiated, extending the tender deadline to the same date. As of May 2, 2022, 2,275,300 shares had been tendered, demonstrating shareholder participation.

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FAQ

What is the current stock price of Regional Health Properties (RHE)?

The current stock price of Regional Health Properties (RHE) is $2.48 as of October 8, 2024.

What is the market cap of Regional Health Properties (RHE)?

The market cap of Regional Health Properties (RHE) is approximately 5.0M.

What does Regional Health Properties, Inc. do?

Regional Health Properties, Inc. is a healthcare real estate investment company that invests in properties for senior living and long-term healthcare through lease and sub-lease transactions.

What are the main segments of Regional Health Properties?

The company operates in two main segments: the real estate segment and the healthcare services segment.

Where are Regional Health Properties' assets primarily located?

The company's properties are primarily located in Georgia and Ohio, but its portfolio is diversified across various states.

How does Regional Health Properties generate revenue?

The majority of the company's revenue comes from its healthcare services segment, which focuses on senior living and long-term care facilities.

Who is the CEO of Regional Health Properties, Inc.?

Brent Morrison, CFA, is the Chief Executive Officer and President of Regional Health Properties, Inc.

How did Regional Health Properties perform financially in 2023?

In 2023, Regional Health Properties reported strong financial results for the second, third, and fourth quarters, with significant business highlights and calculated non-GAAP financial measures.

What are non-GAAP financial measures used by Regional Health Properties?

The company uses non-GAAP financial measures such as Adjusted EBITDA, EBITDA, and EBITDAR to provide a clearer picture of its financial performance.

How can stakeholders contact Regional Health Properties?

Stakeholders can contact the CEO, Brent Morrison, at (678) 368-4402 or via email at Brent.Morrison@regionalhealthproperties.com.

What is the focus of Regional Health Properties' real estate investments?

The company's real estate investments focus on properties designed for senior living and long-term healthcare.

Where can I find the latest news about Regional Health Properties?

The latest news and updates about Regional Health Properties can be found on their official website and through their regular financial performance reports.

Regional Health Properties, Inc.

AMEX:RHE

RHE Rankings

RHE Stock Data

5.01M
1.90M
14.05%
1.7%
1.23%
Medical Care Facilities
Lessors of Real Property, Nec
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United States of America
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