Overview
Compare with Alico, Star Holdings or GLADSTONE COMMERCIAL CORP, or pick any stock.
- TickerRHEP on OTC1
- IndustryLessors of Real Property, NEC1
- HeadquartersAtlanta, Georgia1
- Business address1050 Crown Pointe Parkway, Suite 720, Atlanta, Ga 303382
- Filer categoryNon-accelerated filer, Smaller reporting company2
See how the biggest companies compare on our leaderboards
Regional Health Properties is a healthcare company that owns, operates and invests in healthcare real estate and operating businesses focused on long-term care, senior housing and pharmacy services. Historically, the Company operated primarily as a healthcare real estate platform that leased skilled nursing and senior housing facilities to third-party operators under long-term triple-net lease arrangements. Over time, and particularly following recent strategic initiatives and acquisitions, Regional has evolved toward a more integrated healthcare operating model that combines healthcare real estate ownership with the direct operation of healthcare facilities and related healthcare services.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Health Care, Patient Service brought in 68% of the revenue REGIONAL HEALTH PROPERTIES, INC broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Health Care, Patient Service | $11.3M | $36.0M |
| Pharmacy Revenues | $11.7M | |
| Rental Revenue | $7.0M | $5.4M |
Business segments
Healthcare Services brought in 68% of the revenue REGIONAL HEALTH PROPERTIES, INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Healthcare Services | $11.3M | $36.0M |
| Pharmacy Service | $11.7M | |
| Real Estate | $7.1M | $5.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue13¢$7.0M
- Other costs80¢$42.7M
- Income tax0¢$108.0K
- Profit6¢$3.4M
Out of $53.2M in revenue.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $53.2M | $18.3M |
| Cost of goods sold | $7.0M | |
| Patient care expense | $30.8M | $9.4M |
| Facility rent expense | $780.0K | $594.0K |
| Depreciation and amortization | $2.1M | $2.1M |
| General and administrative expense | $12.0M | $5.4M |
| Loss on lease termination | $862.0K | |
| Credit loss expense | $795.0K | $668.0K |
| Gain on operations transfer | -$106.0K | |
| Total expenses | $54.2M | $18.2M |
| Gain on asset sale | -$2.7M | |
| Income from operations | $1.7M | $161.0K |
| Interest expense, net | $2.7M | $2.7M |
| Gain on bargain purchase | -$5.8M | |
| Other expense, net | $1.4M | $669.0K |
| Total other (income) expense, net | -$1.7M | $3.4M |
| Net income (loss) | $3.4M | -$3.2M |
| Preferred stock dividends | -$603.0K | |
| Deemed contribution related to Preferred Series B purchases | $278.0K | |
| Net profit (loss) attributable to Regional Health Properties, Inc. common stockholders | $3.0M | -$3.2M |
| Unrecognized net gain on pension assets | $22.0K | |
| Comprehensive income | $3.1M | -$3.2M |
| Net profit (loss) per share of common stock attributable to Regional Health Properties, Inc.:, basic | $1.09 | -$1.73 |
| Net profit (loss) per share of common stock attributable to Regional Health Properties, Inc.:, diluted | $1.09 | -$1.73 |
| Basic (in shares) | 2.8K shares | 1.9K shares |
| Diluted (in shares) | 2.8K shares | 1.9K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-01-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $3.0M | $582.0K | ||
| Restricted cash | $1.6M | $1.9M | ||
| Accounts receivable, net of allowances of $727 and $141 | $8.0M | $3.4M | $1.4M | |
| Inventory | $1.4M | |||
| Notes receivable | $644.0K | $369.0K | ||
| Prepaid expenses and other | $1.6M | $633.0K | ||
| Total current assets | $16.3M | $6.8M | ||
| Property and equipment, net | $35.8M | $33.5M | ||
| Assets held for sale, net | $4.2M | $10.3M | ||
| Restricted cash | $1.4M | $1.0M | ||
| Intangible assets | $4.7M | $2.5M | ||
| Other assets | $3.8M | $4.7M | ||
| Goodwill | $1.6M | $1.6M | ||
| Total assets | $67.8M | $60.5M | ||
| Accounts payable | $7.0M | $3.7M | ||
| Accrued expenses | $7.9M | $5.4M | ||
| Other liabilities | $867.0K | $865.0K | ||
| Debt related to assets held for sale, net | $3.0M | $8.2M | ||
| Current portion of long term debt | $5.4M | $2.2M | ||
| Total current liabilities | $24.2M | $20.4M | ||
| Long-term debt, net - less current maturities | $34.7M | $39.3M | ||
| Operating lease obligation | $2.3M | $2.0M | ||
| Other liabilities | $1.6M | $1.7M | ||
| Total liabilities | $62.8M | $63.4M | ||
| Common stock and additional paid-in capital, no par value; 55,000 shares authorized; 3,946 and 1,890 shares issued and 3,935 and 1,879 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $67.3M | $63.2M | ||
| Accumulated deficit | -$81.8M | -$85.1M | ||
| Accumulated other comprehensive earnings | $22.0K | |||
| Total stockholders' equity (deficit) | $349.0K | -$2.9M | ||
| Total liabilities, Series D preferred stock and stockholders' equity (deficit) | $67.8M | $60.5M | ||
| Accounts receivable, allowances | $727.0K | $141.0K | ||
| Common stock and additional paid-in capital, par value | $0 | $0 | ||
| Common stock and additional paid-in capital, shares authorized | 55.0M shares | 55.0M shares | ||
| Common stock and additional paid-in capital, shares issued | 3.9M shares | 250.0K shares | 1.9M shares | |
| Common stock and additional paid-in capital, shares outstanding | 3.9M shares | 1.9M shares |
| Period ending | 2025-12-31 | 2025-01-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash | $3.0M | $582.0K | ||
| Restricted cash | $1.6M | $1.9M | ||
| Accounts receivable, net of allowances of $727 and $141 | $8.0M | $3.4M | $1.4M | |
| Inventory | $1.4M | |||
| Notes receivable | $644.0K | $369.0K | ||
| Prepaid expenses and other | $1.6M | $633.0K | ||
| Total current assets | $16.3M | $6.8M | ||
| Property and equipment, net | $35.8M | $33.5M | ||
| Assets held for sale, net | $4.2M | $10.3M | ||
| Restricted cash | $1.4M | $1.0M | ||
| Intangible assets | $4.7M | $2.5M | ||
| Other assets | $3.8M | $4.7M | ||
| Goodwill | $1.6M | $1.6M | ||
| Total assets | $67.8M | $60.5M | ||
| Accounts payable | $7.0M | $3.7M | ||
| Accrued expenses | $7.9M | $5.4M | ||
| Other liabilities | $867.0K | $865.0K | ||
| Debt related to assets held for sale, net | $3.0M | $8.2M | ||
| Current portion of long term debt | $5.4M | $2.2M | ||
| Total current liabilities | $24.2M | $20.4M | ||
| Long-term debt, net - less current maturities | $34.7M | $39.3M | ||
| Operating lease obligation | $2.3M | $2.0M | ||
| Other liabilities | $1.6M | $1.7M | ||
| Total liabilities | $62.8M | $63.4M | ||
| Common stock and additional paid-in capital, no par value; 55,000 shares authorized; 3,946 and 1,890 shares issued and 3,935 and 1,879 shares outstanding at December 31, 2025 and December 31, 2024, respectively | $67.3M | $63.2M | ||
| Accumulated deficit | -$81.8M | -$85.1M | ||
| Accumulated other comprehensive earnings | $22.0K | |||
| Total stockholders' equity (deficit) | $349.0K | -$2.9M | ||
| Total liabilities, Series D preferred stock and stockholders' equity (deficit) | $67.8M | $60.5M | ||
| Accounts receivable, allowances | $727.0K | $141.0K | ||
| Common stock and additional paid-in capital, par value | $0 | $0 | ||
| Common stock and additional paid-in capital, shares authorized | 55.0M shares | 55.0M shares | ||
| Common stock and additional paid-in capital, shares issued | 3.9M shares | 250.0K shares | 1.9M shares | |
| Common stock and additional paid-in capital, shares outstanding | 3.9M shares | 1.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $3.4M | -$3.2M |
| Depreciation and amortization | $2.1M | $2.1M |
| Gain on bargain purchase | -$5.8M | |
| Stock-based compensation expense | $233.0K | $114.0K |
| Rent expense less than cash paid | -$385.0K | -$44.0K |
| Rent revenue in excess of cash received | $788.0K | -$535.0K |
| Amortization of deferred financing costs, debt discounts and premiums | $173.0K | $74.0K |
| Gain on asset sale | -$2.7M | |
| Gain on operations transfer | -$106.0K | |
| Loss on lease termination | $862.0K | |
| Pension benefit adjustment | $22.0K | |
| Credit loss expense | $795.0K | $668.0K |
| Change in inventory | -$42.0K | |
| Accounts receivable | -$3.6M | -$1.7M |
| Prepaid expenses and other assets | -$730.0K | $1.7M |
| Accounts payable and accrued expenses | $2.9M | $2.6M |
| Other liabilities | -$162.0K | $292.0K |
| Net cash (used in) provided by operating activities | -$2.3M | $1.9M |
| Proceeds from the sale of property and equipment, net | $10.0M | |
| Cash acquired from merger | $6.0M | |
| Purchase of property and equipment | -$869.0K | -$530.0K |
| Net cash provided by (used in) investing activities | $15.1M | -$530.0K |
| Payment of senior debt | -$1.8M | -$1.4M |
| Payment of other debt | -$1.1M | -$1.2M |
| Payoff of debt for asset held for sale | -$5.2M | |
| Repurchase of Preferred B Shares | -$3.6M | |
| Proceeds from the exercise of stock options | $129.0K | |
| Proceeds from other debt | $1.4M | $430.0K |
| Net cash used in financing activities | -$10.2M | -$2.1M |
| Net change in cash and restricted cash | $2.6M | -$712.0K |
| Cash interest paid | $2.5M | $2.7M |
| Vendor-financed insurance | $836.0K | $1.0M |
| Building improvements financed with note payable | $126.0K | |
| Preferred stock dividends paid in common stock | $603.0K | |
| Issuance of Series D Preferred Shares | $4.7M | |
| Common shares issued for merger | $3.2M |
No quarter-by-quarter statement was filed.
Compare REGIONAL HEALTH PROPERTIES, INC with another company
Corporate structure
REGIONAL HEALTH PROPERTIES, INC sits at the top of its group. 56 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of REGIONAL HEALTH PROPERTIES, INC
- Radoff Bradley Louis Filed SCHEDULE 13G/A on REGIONAL HEALTH PROPERTIES, INC, latest Aug 4, 2026 (4 filings since Feb 18, 2026)
- Robert M. Thornton Jr. Filed SCHEDULE 13D on REGIONAL HEALTH PROPERTIES, INC, latest Aug 21, 2025
- Charles Frischer Filed SCHEDULE 13D on REGIONAL HEALTH PROPERTIES, INC, latest Aug 19, 2025 (10 filings since Mar 7, 2022)
- REGIONAL HEALTH PROPERTIES, INC Atlanta, Georgia
- 2014 HUD Master Tenant, LLC Subsidiary · Georgia, United States
- AdCare Acquisition, Inc. Subsidiary · Ohio, United States
- AdCare Administrative Services, LLC Subsidiary · Georgia, United States
- AdCare Consulting, LLC Subsidiary · Georgia, United States
- AdCare Employee Leasing, LLC Subsidiary · Georgia, United States
- AdCare Financial Management, LLC Subsidiary · Georgia, United States
- AdCare Management, Inc. Subsidiary · Ohio, United States
- AdCare Oklahoma Management, LLC Subsidiary · Georgia, United States
- AdCare Operations, LLC Subsidiary · Georgia, United States
- AdCare Property Holdings, LLC Subsidiary · Georgia, United States
- ADK Administrative Property, LLC Subsidiary · Georgia, United States
- ADK Bonterra/Parkview, LLC Subsidiary · Georgia, United States
- ADK Georgia, LLC Subsidiary · Georgia, United States
- ADK Powder Springs Operator, LLC Subsidiary · Georgia, United States
- APH&R Nursing, LLC Subsidiary · Georgia, United States
- APH&R Property Holdings, LLC Subsidiary · Georgia, United States
- Attalla Nursing ADK, LLC Subsidiary · Georgia, United States
- Benton Nursing, LLC Subsidiary · Arkansas, United States
- Coosa Nursing ADK, LLC Subsidiary · Georgia, United States
- CP Property Holdings, LLC Subsidiary · Georgia, United States
- CSCC Nursing, LLC Subsidiary · Georgia, United States
- Eaglewood Property Holdings, LLC Subsidiary · Georgia, United States
- Erin Nursing, LLC Subsidiary · Georgia, United States
- Erin Property Holdings, LLC Subsidiary · Georgia, United States
- Georgetown HC&R Nursing, LLC Subsidiary · Georgia, United States
- and 30 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What REGIONAL HEALTH PROPERTIES, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $57.8M5 Dec 31, 2025 | $53.6M5 Dec 31, 2024 | +7.8% |
| Accumulated depreciation | $21.9M5 Dec 31, 2025 | $20.1M5 Dec 31, 2024 | +9.4% |
| Property and equipment, net | $35.8M5 Dec 31, 2025 | $33.5M5 Dec 31, 2024 | +6.9% |
| Operating-lease assets (leased space) | $2.2M10 Dec 31, 2024 | $2.6M10 Dec 31, 2023 | −15.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $3.0M5 Dec 31, 2025 | $582.0K10 Dec 31, 2024 | +415.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.6M5 Dec 31, 2025 | $1.6M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $10.8M5 Dec 31, 2025 | $11.4M5 Dec 31, 2024 | −5.0% |
| Indefinite-lived intangibles (excluding goodwill) | $4.7M5 Dec 31, 2025 | $2.5M5 Dec 31, 2024 | +83.5% |
| Accumulated amortization | $5.0M5 Dec 31, 2025 | $5.5M5 Dec 31, 2024 | −8.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $1.4M5 Dec 31, 2025 |
Properties, in its own words
Owned and Leased Facilities
The following table provides summary information regarding our property portfolio as of December 31, 2025:
The rest of Item 2
Facility Name · Beds/Units · Structure · Operator Affiliation ¹
Alabama
Meadowood Retirement Village · 90 · Owned · RHP Operations ⁴
Subtotal (1) · 90
Georgia
Autumn Breeze Healthcare Center · 109 · Owned · C.R. Management
Glenvue Health and Rehab · 160 · Owned · RHP Operations
Southland Healthcare and Rehabilitation Center · 126 · Owned · RHP Operations
Subtotal (3) · 395
North Carolina
Mountain Trace Rehabilitation and Nursing Center · 106 · Owned · RHP Operations
Subtotal (1) · 106
Ohio
Eaglewood Village ³ · 95 · Owned · Aspire Regional Partners
Eaglewood Care Center ³ · 85 · Owned · Aspire Regional Partners
Hearth & Care of Greenfield · 50 · Owned · Aspire Regional Partners
Covington Care ² · 75 · Leased · Aspire Regional Partners
The Pavilion Care Center · 50 · Owned · Aspire Regional Partners
Subtotal (5) · 355
South Carolina
Georgetown Healthcare & Rehabilitation · 84 · Owned · RHP Operations
Sumter Valley Nursing and Rehab Center · 96 · Owned · RHP Operations
Subtotal (2) · 180
Total - All Facilities (12) · 1,126
1. Indicates the operator with which the tenant of the facility is affiliated.
2. The Company leases one SNF and subleases it to Aspire Regional Partners.
3. Eaglewood Village and Eaglewood Care Center are co-located.
4. RHP Operations generally utilizes outside third party managers to provide day-to-day management services of the facilities.
Our leases and subleases are generally on an individual facility basis with tenants that are separate legal entities affiliated with the above operators. See “Portfolio of Healthcare Investments” in Part I, Item 1, “Business”, in this Annual Report.
All facilities are SNFs except for the Eaglewood ALF facility and the Meadowood facility, which are ALF’s. Bed/units numbers refer to the number of licensed beds.
For a detailed description of the Company’s operating leases, please see Note 8 - Leases to our audited consolidated financial statements included in Part II, Item 8., “Financial Statements and Supplementary Data” in this Annual Report.
For a detailed description of the Company’s related mortgages payable for owned facilities, see Note 10 - Notes Payable and Other Debt to our audited consolidated financial statements included in Part II, Item 8., “Financial Statements and Supplementary Data” in this Annual Report.
Portfolio Occupancy Rates
The following table provides summary information regarding our portfolio facility-level occupancy rates for the periods shown:
Operating Metric (1) · December, 31, 2023 · December, 31, 2024 · December, 31, 2025
Occupancy (%) (2) · 69.8% · 68.5% · 74.3%
Excludes three managed facilities in Ohio.
Occupancy percentages are based on licensed beds.
Lease Expiration
The following table provides summary information regarding our lease expirations for the years shown:
Licensed Beds · Annual Lease Revenue (1)
Number ofFacilities · Number · Percent (%) · Amount ($)'000's · Percent (%)
2028 · 5 · 405 · 100.0 · 16,752 · 100.0
Total · 5 · 405 · 100.0 · 16,752 · 100.0
Straight-line rent.
Corporate Office
Our corporate office is located in Atlanta, Georgia. Effective July 1, 2023, we signed a sublease agreement for approximately 2,000 square feet of office space in Atlanta, Georgia. The sublease term expired on July 31, 2025. On July 30, 2025, the Company entered into a two year lease with the landlord which the lease commenced August 1, 2025 and will expire on July 31, 2027.
Item 2 of the 10-K filed Apr 2, 2026.4
Leadership
Who has led REGIONAL HEALTH PROPERTIES, INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerBrent Morrison Apr 26, 2018 to now14
- Chief executive officerDavid A. Tenwick Jul 3, 2014 to Jul 3, 201415
- Chief executive officerBoyd P. Gentry Jun 6, 2011 to Nov 14, 201316
- Chief executive officerSharon L. Reynolds Apr 11, 2007 to Apr 11, 200717
- Chief executive officerGary L. Wade Dec 27, 2006 to Feb 15, 201118
- ChairDavid A. Tenwick Dec 27, 2006 to Jun 6, 201218
- PresidentBrent Morrison Jun 4, 2021 to now19
- PresidentAllan J. Rimland Apr 2, 2015 to Nov 30, 201620
- PresidentDavid A. Tenwick Jul 3, 2014 to Jul 3, 201415
- PresidentSharon L. Reynolds Apr 11, 2007 to Apr 11, 200717
- PresidentGary L. Wade Dec 27, 2006 to Feb 17, 201018
- Chief financial officerMarlie Davis May 7, 2026 to now21
- Chief financial officerMark J. Stockslager Aug 18, 2025 to May 7, 202622
- Chief financial officerBenjamin A. Waites Oct 7, 2020 to Feb 28, 202223
- Chief financial officerAllan J. Rimland Apr 2, 2015 to Nov 30, 201620
- Chief financial officerRonald W. Fleming May 17, 2013 to Sep 18, 201424
- Chief financial officerMartin D. Brew Jun 8, 2011 to Mar 22, 201225
- Chief financial officerJeffrey Scott Cunningham Dec 27, 2006 to Feb 14, 201118
- Chief operating officerClarence A. Shelton Iii. Sep 9, 2011 to Sep 9, 201126
- Chief operating officerClarence A. Peterson Apr 11, 2007 to Apr 11, 200727
- Chief operating officerPeter J. Hackett Apr 11, 2007 to Apr 11, 200728
- Chief operating officerLaurence E. Sturtz Dec 27, 2006 to Apr 11, 200729
Board members and other officers (27)
- EVP - Corporate StrategyRobert M. Thornton Jr. Aug 18, 2025 to now30
- Chief Accounting OfficerHeather L. Pittard Apr 26, 2024 to Apr 26, 202431
- Senior Vice PresidentPaul Jason O'Sullivan Apr 5, 2023 to now32
- Chief Accounting OfficerE. Clinton Cain Feb 9, 2016 to Feb 9, 201633
- VP Sales/Infant Products DivSusan I. Christensen Jun 15, 2015 to Jun 15, 201534
- Senior Vice PresidentClarence A. Shelton Iii. Aug 1, 2011 to Aug 1, 201135
- Chief Acquisition OfficerChristopher F. Brogdon Oct 6, 2011 to Nov 16, 201236
- OfficerGary L. Wade Apr 11, 2007 to Apr 11, 200717
- Sr Vice PresidentSharon L. Reynolds Dec 27, 2006 to Feb 15, 201118
- Board memberF. Scott Kellman Aug 18, 2025 to now37
- Board memberGene E. Burleson Aug 18, 2025 to now38
- Board memberSteven J. Baileys Aug 18, 2025 to now39
- Board memberC. Christian Winkle Aug 25, 2025 to now40
- Board memberSteven L. Martin Mar 17, 2023 to now41
- Board memberKenneth Wayne Taylor Feb 27, 2018 to now42
- Board memberBrian M. Szames May 3, 2017 to May 3, 201743
- Board memberThomas W. Knaup Oct 22, 2015 to Dec 20, 201644
- Board memberBrent Morrison Oct 22, 2014 to now45
- Board memberDavid A. Tenwick Feb 14, 2012 to Sep 1, 202146
- Board memberJoshua J. McClellan Feb 15, 2012 to Jun 6, 201247
- Board memberBoyd P. Gentry Jun 6, 2011 to Jan 14, 201316
- Board memberChristopher F. Brogdon Oct 29, 2009 to Nov 16, 201248
- Board memberClarence A. Peterson Dec 27, 2006 to Feb 21, 200849
- Board memberGary L. Wade Dec 27, 2006 to Feb 13, 201318
- Board memberLaurence E. Sturtz Dec 27, 2006 to Jan 21, 201518
- Board memberPeter J. Hackett Dec 27, 2006 to Dec 22, 201449
- Board memberPhilip S. Radcliffe Dec 27, 2006 to Jun 12, 201518
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 2014 HUD Master Tenant, LLC Georgia3
- ADK Administrative Property, LLC Georgia3
- ADK Bonterra/Parkview, LLC Georgia3
- ADK Georgia, LLC Georgia3
- ADK Powder Springs Operator, LLC Georgia3
- APH&R Nursing, LLC Georgia3
- APH&R Property Holdings, LLC Georgia3
- AdCare Acquisition, Inc. Ohio3
- AdCare Administrative Services, LLC Georgia3
- AdCare Consulting, LLC Georgia3
- AdCare Employee Leasing, LLC Georgia3
- AdCare Financial Management, LLC Georgia3
- AdCare Management, Inc. Ohio3
- AdCare Oklahoma Management, LLC Georgia3
- AdCare Operations, LLC Georgia3
- AdCare Property Holdings, LLC Georgia3
- Attalla Nursing ADK, LLC Georgia3
- Benton Nursing, LLC Arkansas3
- CP Property Holdings, LLC Georgia3
- CSCC Nursing, LLC Georgia3
- Coosa Nursing ADK, LLC Georgia3
- Eaglewood Property Holdings, LLC Georgia3
- Erin Nursing, LLC Georgia3
- Erin Property Holdings, LLC Georgia3
All 56 listed subsidiaries
- Georgetown HC&R Nursing, LLC Georgia3
- Georgetown HC&R Property Holdings, LLC Georgia3
- Georgetown Operations, LLC Georgia3
- Glenvue H&R Property Holdings, LLC Georgia3
- Glenvue Operations, LLC Georgia3
- Hearth & Care of Greenfield, LLC Ohio3
- Hearth & Home of Ohio, Inc. Georgia3
- KB HUD Master Tenant 2014, LLC Georgia3
- Little Rock HC&R Nursing, LLC Georgia3
- Little Rock HC&R Property Holdings, LLC Georgia3
- Mountain Trace Nursing ADK, LLC Ohio3
- Mountain View Nursing, LLC Georgia3
- Mt. Kenn Property Holdings, LLC Georgia3
- NW 61st Nursing, LLC Georgia3
- Northridge HC&R Nursing, LLC Georgia3
- Northridge HC&R Property Holdings, LLC Georgia3
- Northwest Property Holdings, LLC Georgia3
- Park Heritage Nursing, LLC Georgia3
- QC Nursing, LLC Georgia3
- QC Property Holdings, LLC Georgia3
- RMC HUD Master Tenant, LLC Georgia3
- Regional Health Properties, Inc. Georgia3
- Sumter Operations, LLC Georgia3
- Sumter Valley Property Holdings, LLC Georgia3
- Sylva Operations, LLC Georgia3
- Tara Operator, LLC Georgia3
- The Pavilion Care Center, LLC Ohio3
- Valley River Property Holdings, LLC Georgia3
- Woodland Hills HC Nursing, LLC Georgia3
- Woodland Hills HC Property Holdings, LLC Georgia3
- Woodland Manor Nursing, LLC Georgia3
- Woodland Manor Property Holdings, LLC Georgia3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Apr 30, 20268-K Executive or director change50
- Apr 10, 20268-K Executive or director change51
- Mar 18, 20268-K Regulation FD disclosure52
- Mar 4, 20268-K Entered a material agreement53
- Jan 6, 20268-K Shareholder vote54
- Dec 31, 20258-K Other events55
- Dec 30, 20258-K Other events56
- Dec 1, 20258-K Other events57
- Nov 10, 20258-K Other events58
- Oct 30, 20258-K Financial statements and exhibits59
- Aug 14, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation60
- Aug 5, 20258-K Bylaws or fiscal year changed; Shareholder vote; Other events61
- Apr 26, 2018New chief executive Brent Morrison becomes CEO14
- Jul 3, 2014New chief executive David A. Tenwick becomes CEO15
- Jun 6, 2011New chief executive Boyd P. Gentry becomes CEO16
- Apr 11, 2007New chief executive Sharon L. Reynolds becomes CEO17
- Dec 27, 2006New chief executive Gary L. Wade becomes CEO18
Calendar
When it reported results
- Feb 28, 2022Reported quarterly or annual results62
- Nov 15, 2021Reported quarterly or annual results63
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
255 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 58 major events, 54 insider forms, 15 large holders, 108 other. The latest 20:
- Oct 2, 2026DEF 14A EDGAR
- Oct 1, 2026ARS EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 4, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 4, 20263 OWNERSHIP DOCUMENT EDGAR
- Aug 4, 2026SCHEDULE 13G/A EDGAR
- Jun 8, 20264 EDGAR
- May 22, 20264 EDGAR
- May 15, 202610-Q EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 7, 20264 EDGAR
- May 7, 20263 EDGAR
- Apr 30, 20268-K EDGAR
- Apr 10, 20268-K EDGAR
- Apr 2, 202610-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Mar 18, 20268-K EDGAR
- Mar 4, 20268-K EDGAR
- Feb 18, 2026SCHEDULE 13G/A EDGAR
- Feb 18, 2026SCHEDULE 13G EDGAR
The 255 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
37 open-market trades by officers, directors and large owners since October 2021: 35 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Radoff Family Foundation | Sale | 100 | $1.06 | $106 | Form 4 |
| Jun 5, 2026 | Morrison BrentCEO and President | Buy | 5,000 | $1.15 | $5.8K | Form 4 |
| Jun 5, 2026 | Radoff Family Foundation | Sale | 5,000 | $1.15 | $5.8K | Form 4 |
| May 29, 2026 | Morrison BrentCEO and President | Buy | 10,000 | $1.18 | $11.8K | Form 4 |
| May 27, 2026 | Morrison BrentCEO and President | Buy | 5,000 | $2.02 | $10.1K | Form 4 |
| May 21, 2026 | Morrison BrentCEO and President | Buy | 12,000 | $2.01 | $24.1K | Form 4 |
| May 20, 2026 | Morrison BrentCEO and President | Buy | 5,000 | $1.27 | $6.3K | Form 4 |
| Apr 29, 2026 | Radoff Family Foundation | Buy | 1,009 | $1.42 | $1.4K | Form 4 |
| Apr 27, 2026 | Radoff Family Foundation | Buy | 1,000 | $1.40 | $1.4K | Form 4 |
| Apr 22, 2026 | Radoff Family Foundation | Buy | 2,500 | $1.42 | $3.6K | Form 4 |
| Apr 14, 2026 | Radoff Family Foundation | Buy | 3,511 | $1.30 | $4.6K | Form 4 |
| Apr 13, 2026 | Radoff Family Foundation | Buy | 6,400 | $1.29 | $8.2K | Form 4 |
| Dec 11, 2025 | Morrison BrentCEO and President | Buy | 1,950 | $1.45 | $2.8K | Form 4 |
| Dec 9, 2025 | Morrison BrentCEO and President | Buy | 4,099 | $1.45 | $5.9K | Form 4 |
| Dec 4, 2025 | Morrison BrentCEO and President | Buy | 5,403 | $1.41 | $7.6K | Form 4 |
| Aug 29, 2025 | BURLESON GENE EDirector | Buy | 5,000 | $1.99 | $9.9K | Form 4 |
| Aug 20, 2025 | O'sullivan Paul JasonSenior Vice President | Buy | 3,800 | $1.80 | $6.8K | Form 4 |
| Aug 19, 2025 | O'sullivan Paul JasonSenior Vice President | Buy | 5,600 | $1.92 | $10.8K | Form 4 |
| Aug 18, 2025 | O'sullivan Paul JasonSenior Vice President | Buy | 10,600 | $1.85 | $19.6K | Form 4 |
| Aug 30, 2023 | Morrison BrentCEO and President | Buy | 1,020 | $2.75 | $2.8K | Form 4 |
All 37 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Radoff Bradley LouisSCHEDULE 13G/A, 4 filings Feb 18, 2026 to Aug 4, 202664
- Robert M. Thornton Jr.SCHEDULE 13D, 1 filing Aug 21, 202565
- Charles FrischerSCHEDULE 13D, 10 filings Mar 7, 2022 to Aug 19, 202566
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Brent S. Morrison* | 50 | $272.5K | $440.9K67 |
| 2025 | Robert M. ThorntonJr.*** | 77 | $113.5K | $364.5K67 |
| 2025 | Paul J. O’Sullivan**** | $150.0K67 | ||
| 2025 | Mark J. Stockslager** | $77.2K | $80.9K67 | |
| 2025 | Heather L. Pittard***** | $23.7K67 | ||
| 2024 | Chief Executive OfficerPresident, Corporate Secretary and Director (principal executive officer) | $220.0K | $316.7K67 | |
| 2024 | Senior VicePresident | $150.0K | $182.7K67 | |
| 2024 | Chief Accounting Officer (principal accounting officer) | $127.5K67 |
SEC filer profile
How REGIONAL HEALTH PROPERTIES, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARREGIONAL HEALTH PROPERTIES, INC1
- CIK0001004724
- Employer ID (EIN)81-51660484
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inGeorgia4
- Fiscal year endsDecember 311
- Industry code (SIC)6519 Lessors of Real Property, NEC1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1050 Crown Pointe Parkway, Suite 720, Atlanta, GA 303381
- Phone678-869-51161
- Shares outstanding3,924,677 as of Aug 12, 202612
- Public float$4.5M as of Jun 30, 20254
- AuditorCherry Bekaert LLP, Atlanta Georgia PCAOB ID 677; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 18, 20051
- Filings1,494 in all: 4 (500), 8-K (345), 10-Q (55), 5 (54), 424B3 (40), SC 13D/A (38), 3 (35), 425 (35)1
All 72 form types
CORRESP (34), UPLOAD (29), 4/A (26), DEF 14A (23), EFFECT (21), 8-K/A (19), 10-K (18), 424B5 (14), DEFA14A (12), SC 13D (12), SC 13E3/A (12), SC 13G/A (10), PRE 14A (9), S-3 (9), S-4/A (9), D (8), NT 10-Q (8), 10-Q/A (7), POS AM (7), NT 10-K (6), S-3/A (6), SB-2/A (6), 10QSB (5), SC TO-C (5), SCHEDULE 13D/A (5), 3/A (4), ARS (4), FWP (4), S-8 (4), SC 13G (4), 25-NSE (3), 5/A (3), S-4 (3), SCHEDULE 13G/A (3), 10-K/A (2), 10KSB (2), 8-A12B (2), S-1 (2), S-8 POS (2), SC 13E3 (2), SC 14D9 (2), SC TO-I/A (2), SC14D9C (2), SCHEDULE 13D (2), 10KSB/A (1), 424B4 (1), 8-A12G (1), 8-K12B (1), AW (1), CERTAMX (1), CERTNYS (1), D/A (1), DEFM14A (1), POS EX (1), PRER14A (1), REGDEX (1), REGDEX/A (1), S-1/A (1), SB-2 (1), SC 14D9/A (1), SC TO-I (1), SC TO-T (1), SC TO-T/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Apr 2, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Oct 2, 2026
Latest 8-K (8-K) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, no par value | RHEP | |
| Series A Redeemable Preferred Stock, no par value | RHEPA |
From the cover page of the 10-K filed Apr 2, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks REGIONAL HEALTH PROPERTIES, INC names in Item 1A of its 10-K filed Apr 2, 2026: 39 risks under these headings, as written.4
- Risks Related to Our Business
- Our revenues depend on reimbursement from Medicare, Medicaid and other third-party payors; therefore, changes in reimbursement policies or payment methodologies could adversely affect our business.
- Changes in patient acuity, payor mix, bundled payments and consolidated billing arrangements could reduce our revenues and margins.
- Transition to direct operation of certain facilities may not be successful and exposes us to additional operating, regulatory and staffing risks.
- For independent living, memory care and assisted living segments, revenue is also dependent on private pay sources such that events which adversely affect the ability of seniors to afford our resident offerings such as declines in the economy, housing market, consumer confidence, or the equity markets, increased inflation, and unemployment among resident family members, could cause our revenues and business to decline.
- Our tenants’ ability to pay rent depends on their financial performance, and tenant financial distress could materially adversely affect us.
- Competition and changing healthcare delivery models could reduce demand for our services.
- Labor shortages and staffing mandates could increase operating costs and adversely affect operations.
- State direct-spending requirements, supplemental Medicaid payment changes and other Medicaid funding restrictions could adversely affect our results.
- Increased survey enforcement, public quality ratings and staffing-related disclosure requirements could adversely affect our facilities and operators.
- Union activity, labor organizing efforts and other labor-related disputes could increase our costs and disrupt operations.
- Public health crises and infectious disease outbreaks could disrupt operations and reduce occupancy.
The other 28 risks
- Economic downturns could negatively impact tenant performance and access to capital.
- Natural disasters and other catastrophic events could damage our properties and disrupt operations.
- Our geographic concentration exposes us to regional economic and regulatory risks.
- Changes in reimbursement policies and purchasing programs could adversely affect our Pharmacy Services segment.
- Our Pharmacy Services segment is subject to risks relating to long-term care pharmacy network participation, Part D requirements and third-party payor contracts.
- The Pharmacy Services business depends on key suppliers and customers.
- The Pharmacy Services industry is highly competitive.
- Dispensing errors, failures in medication management or other pharmacy service issues could result in liability, reputational harm and loss of business.
- The healthcare industry is highly regulated, and regulatory changes or enforcement actions could adversely affect our tenants and operations.
- Cybersecurity incidents or data breaches could disrupt operations and expose us to liability.
- Environmental liabilities could arise from ownership of real estate.
- Risks Relating to Our Industry or Structure
- Our substantial indebtedness could adversely affect our financial flexibility.
- We rely on external sources of capital and may be unable to obtain financing on favorable terms.
- Rising interest rates could increase borrowing costs.
- Future transactions could result in dilution to existing shareholders.
- We may fail to realize the anticipated benefits of the SunLink merger.
- Integration risks and loss of key employees could affect the combined company.
- Risks Relating to Public Company Compliance
- The costs of being publicly owned may strain our resources and impact our business, financial condition, results of operations and prospects.
- Risks Related to Our Securities and Organizational Documents
- The market price of our securities may be volatile.
- Our securities trade on the OTCQB market, which provides limited liquidity.
- The rights of holders of our preferred stock are senior to those of our common shareholders, and the rights among our series of preferred stock are not identical.
- We are a holding company and depend on dividends and other distributions from our subsidiaries to meet our obligations.
- Ownership and transfer restrictions contained in our Charter may restrict acquisitions or transfers of our stock.
- Provisions of Georgia law and our organizational documents may delay or prevent a change in control that shareholders may consider favorable.
- Transactions we may pursue in the future, including transactions intended to strengthen our capital structure or improve market listing eligibility, may dilute existing shareholders.
- Shareholders may experience dilution or reduced voting influence as a result of past or future merger and financing transactions.
- General Risk Factors
- If we lose key management personnel, we may not be able to successfully manage our business or achieve our objectives, which could have a material adverse effect on our business, financial condition, results of operations and prospects.
- Our directors and officers substantially control all major decisions.
Legal proceedings
The Company is party to various legal actions and administrative proceedings that have arisen in the ordinary course of business, including matters relating to prior direct facility operations, current operated facilities, employment matters, staffing-related matters, commercial disputes and other business matters. Litigation and administrative proceedings are inherently uncertain, and there can be no assurance that the resolution of any such matters will not have a material adverse effect on the Company’s business, financial condition or results of operations.
In addition, because the Company owns healthcare properties and in some cases operates facilities directly, and because its tenants and operators conduct business in a highly regulated industry, the Company may from time to time be affected by governmental inquiries, audits, surveys, investigations and other proceedings involving patient care, reimbursement, licensure, labor matters and regulatory compliance.
Certain legal matters, including professional and general liability claims and other contingencies, are described in Note 15 – Commitments and Contingencies to the audited consolidated financial statements included in Part II, Item 8, “Financial Statements and Supplementary Data,” of this Annual Report, and that disclosure is incorporated herein by reference. See also Part I, Item 1A, “Risk Factors,” for a discussion of risks relating to litigation, regulatory matters and other contingencies.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARBrent Morrison, President
- 20SEC EDGARAllan J. Rimland, President
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37SEC EDGARF. Scott Kellman, Board member
- 38SEC EDGARGene E. Burleson, Board member
- 39SEC EDGARSteven J. Baileys, Board member
- 40SEC EDGARC. Christian Winkle, Board member
- 41SEC EDGARSteven L. Martin, Board member
- 42SEC EDGARKenneth Wayne Taylor, Board member
- 43SEC EDGARBrian M. Szames, Board member
- 44SEC EDGARThomas W. Knaup, Board member
- 45SEC EDGARBrent Morrison, Board member
- 46SEC EDGARDavid A. Tenwick, Board member
- 47SEC EDGARJoshua J. McClellan, Board member
- 48SEC EDGARChristopher F. Brogdon, Board member
- 49SEC EDGARClarence A. Peterson, Board member
- 50SEC EDGARExecutive or director change
- 51SEC EDGARExecutive or director change
- 52SEC EDGARRegulation FD disclosure
- 53SEC EDGAREntered a material agreement
- 54SEC EDGARShareholder vote
- 55SEC EDGAROther events
- 56SEC EDGAROther events
- 57SEC EDGAROther events
- 58SEC EDGAROther events
- 59SEC EDGARFinancial statements and exhibits
- 60
- 61
- 62
- 63
- 64
- 65
- 66
- 67