secwatch.observer — SEC 8-K summary
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Issuer:     REGIONAL HEALTH PROPERTIES, INC (RHEP)
CIK:        0001004724
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001564590-22-014659
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Regional Health subsidiary takes over AL facility; hires Cavalier as manager
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- Meadowood Operations became state-approved operator of Glencoe, AL assisted living/memory care facility on April 15, 2022.
- Previous tenant CRM of Meadowood was ordered to cease operations by Alabama Dept. of Public Health in Dec. 2021 Consent Agreements.
- Meadowood Operations entered a two-year Management Agreement with Cavalier Senior Living for day-to-day management; auto-renews annually.
- During probationary license, Meadowood pays Cavalier $12k/month management fee plus a $12k start-up fee; post-probation fees to be negotiated.
- If facility is sold, Meadowood pays Cavalier an incentive fee equal to 1% of purchase price including debt assumption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004724/000156459022014659/0001564590-22-014659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004724/000156459022014659/rhe-8k_20220415.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-014659

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