Regional Health Properties assumes operations of two SNFs, signs management deals

REGIONAL HEALTH PROPERTIES, INC

Subsidiaries became licensed operators of Lumber City and LaGrange SNFs effective May 1, 2022.
Entered 6-month management agreements with Peach Health: $22,000/month (Lumber City) and $25,000/month (LaGrange), then 5% of net revenue.
Terminated Lumber City sublease by paying $545,690 for unpaid rent and other amounts due.
Previously had a management agreement with Peach Health for a Thunderbolt, GA SNF since Oct 2021.
Peach Health affiliates also lease three other Georgia facilities from the Company.

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