{"id":870504,"date":"2025-08-04T19:33:57","date_gmt":"2025-08-04T23:33:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/regional-health-properties-inc-and-sunlink-health-systems-inc-announce-receipt-of-shareholder-approvals-for-merger\/"},"modified":"2025-08-04T19:33:57","modified_gmt":"2025-08-04T23:33:57","slug":"regional-health-properties-inc-and-sunlink-health-systems-inc-announce-receipt-of-shareholder-approvals-for-merger","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/regional-health-properties-inc-and-sunlink-health-systems-inc-announce-receipt-of-shareholder-approvals-for-merger\/","title":{"rendered":"Regional Health Properties, Inc. and SunLink Health Systems, Inc. Announce Receipt of Shareholder Approvals for Merger"},"content":{"rendered":"

<\/p>\n

Regional Health Properties, Inc. and SunLink Health Systems, Inc. Announce Receipt of Shareholder Approvals for Merger<\/b><\/p>\n

ATLANTA–(BUSINESS WIRE<\/a>)–
\nRegional Health Properties, Inc. (\u201cRegional\u201d) (OTCQB: RHEP) (OTCQB: RHEPA) and SunLink Health Systems, Inc. (\u201cSunLink\u201d) (NYSE American: SSY) jointly announced today that, at special meetings of their respective shareholders each held on August 4, 2025, Regional shareholders and SunLink shareholders approved the merger of SunLink with and into Regional, with Regional as the surviving corporation pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of April 14, 2025, as amended, by and between Regional and SunLink. The SunLink shareholders also approved at their special meeting, on a non-binding advisory basis, the SunLink merger-related compensation proposal. The closing of the proposed merger remains subject to customary closing conditions.<\/p>\n

\nThe Regional shareholders also approved at their special meeting the issuance of shares of Regional common stock, no par value, and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares, no par value per share (the \u201cSeries D Preferred Stock\u201d), in connection with the merger. Descriptions of the Series D Preferred Stock were previously disclosed in Regional\u2019s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on April 18, 2025, and included in Regional\u2019s joint proxy statement\/prospectus filed with the SEC on June 25, 2025, as supplemented or amended.<\/p>\n

About Regional Health Properties, Inc.<\/b><\/p>\n

\nRegional Health Properties, Inc., headquartered in Atlanta, Georgia, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit https:\/\/www.regionalhealthproperties.com<\/a>.<\/p>\n

About SunLink<\/b>Health Systems, Inc.<\/b><\/p>\n

\nSunLink Health Systems, Inc., headquartered in Atlanta, Georgia, is the parent company of subsidiaries that own and operate Carmichael\u2019s Cashway Pharmacy. For more information, visit https:\/\/www.sunlinkhealth.com<\/a>.<\/p>\n

NO OFFER OR SOLICITATION<\/b><\/p>\n

\nCommunications in this press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d).<\/p>\n

ADDITIONAL INFORMATION<\/b><\/p>\n

\nINVESTORS ARE URGED TO READ THE TENDER OFFER STATEMENT ON SCHEDULE TO FILED WITH THE SEC ON JULY 18, 2025 REGARDING A PROPOSED TENDER OFFER, AS WELL AS THE SCHEDULE 14D-9 FILED BY REGIONAL ON AUGUST 1, 2025 AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS, AS THEY WILL CONTAIN IMPORTANT INFORMATION.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can often, but not always, be identified by the use of words like \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cpattern\u201d, \u201cestimate\u201d, \u201cproject\u201d, \u201cintend\u201d, \u201canticipate\u201d, \u201cexpect\u201d and similar expressions or future or conditional verbs such as \u201cwill\u201d, \u201cwould\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cmight\u201d, \u201ccan\u201d, \u201cmay\u201d, or similar expressions. These forward-looking statements include, but are not limited to, statements relating to the expected timing and benefits of the proposed merger between Regional and SunLink, including statements of Regional\u2019s goals, intentions and expectations; statements regarding Regional\u2019s business plan and growth strategies; and statements regarding the tender offer.<\/p>\n

\nThese forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things:<\/p>\n