---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-024195"
form_type: "8-K"
ticker: null
cik: "0000096793"
company_name: "SUNLINK HEALTH SYSTEMS INC"
filed_at: "2025-08-14T23:59:59+00:00"
generated_at: "2026-05-17T13:50:16.716950+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SunLink Health Systems completes merger with Regional Health Properties; shares converted, to delist

## Summary
- Merger effective August 14, 2025; each 5 SunLink shares converted to 1.1330 Regional common + 1 Series D preferred share.
- Total consideration: ~1,595,400 Regional common shares & ~1,408,120 Series D preferred shares.
- SunLink common to be delisted from NYSE American; Form 25 to be filed; intends to deregister.
- Combined company led by Regional CEO Brent Morrison; SunLink CEO Robert Thornton becomes EVP Corporate Strategy; CFO Mark Stockslager continues as CFO.
- Board comprised of 7 directors: 3 Regional incumbents, 2 ex-SunLink, and 2 new independent.

## SEC filing metadata
- accession: 0001641172-25-024195
- form_type: 8-K
- cik: 0000096793
- company_name: SUNLINK HEALTH SYSTEMS INC
- filed_at: 2025-08-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96793/000164117225024195/0001641172-25-024195-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96793/000164117225024195/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-024195
- JSON: https://secwatch.observer/filing/0001641172-25-024195.json
- Plain text: https://secwatch.observer/filing/0001641172-25-024195.txt

## Key facts
- M&A Transactions
  SUNLINK HEALTH SYSTEMS INC underwent a change of control involving Regional Health Properties, Inc. for approximately 1,595,400 shares of Regional common stock and approximately 1,408,120 shares of Regional Series D preferred stock (closed 2025-08-14).
  - Action: change of control
  - Counterparty: Regional Health Properties, Inc.
  - Consideration: approximately 1,595,400 shares of Regional common stock and approximately 1,408,120 shares of Regional Series D preferred stock
  - Closing: 2025-08-14
  source text: common stock or Regional Series D preferred stock in accordance with the terms of the Merger Agreement. The total aggregate consideration payable in the merger was approximately 1,595,400 shares of Regional common stock and approximately 1,408,120 shares of Regional Series D preferred stock. Descriptions of the Regional common stock and the Regional Series D
  evidence_url: https://www.sec.gov/Archives/edgar/data/96793/000164117225024195/0001641172-25-024195-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.