Regional Health Properties enters into merger agreement with SunLink Health Systems

REGIONAL HEALTH PROPERTIES, INC

On January 3, 2025, Regional Health Properties (RHE) and SunLink Health Systems signed a merger agreement, with Regional as the surviving entity.
Each five shares of SunLink common stock will convert into one RHE common share and one share of newly created Series D Preferred Stock.
Post-merger board will have six directors: two from Regional, two from SunLink, and two agreed upon (Scott Kellman and C. Christian Winkle).
Brent S. Morrison will remain CEO of combined company; Robert M. Thornton becomes Executive Vice President – Corporate Strategy.
SunLink may pay a one-time special dividend upon shareholder approval, and Regional's board unanimously recommends the deal.

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