secwatch.observer — SEC 8-K summary
======================================

Issuer:     REGIONAL HEALTH PROPERTIES, INC (RHEP)
CIK:        0001004724
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001564590-22-018447
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004724/000156459022018447/0001564590-22-018447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004724/000156459022018447/rhe-8k_20220501.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-018447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer