- CEO
- Brent S. Morrison CFA
- Full Time Employees
- 146
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- 454 Satellite Boulevard Northwest Suwanee GA United States of America 30024-7191
- IPO Date
- Nov 10, 2022
- Business
- Regional Health Properties, Inc. (RHE-PA) operates as a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions; its core offerings include owning, leasing, and subleasing skilled nursing facilities, assisted living facilities, independent living communities, memory care communities, and multi-service campuses to third-party tenants, providing services such as daily nursing, therapeutic rehabilitation, social services, activities, housekeeping, nutrition, medication management, and administrative support. The company maintains a portfolio of approximately 11 geographically dispersed properties totaling over 1,201 beds, concentrated primarily in the Southeast United States, with operations resembling a real estate investment trust through long-term triple-net leases generating predictable rental income. Founded in 1991 and headquartered in Atlanta, Georgia, Regional Health Properties, formerly known as AdCare Health Systems, Inc. until its name change in October 2017, transitioned in July 2014 from owning and operating facilities to a pure property holding and leasing model.
In a transformative development completed on August 14, 2025, Regional Health Properties merged with SunLink Health Systems, Inc., creating a vertically integrated healthcare entity that combines the company's real estate platform with SunLink's pharmacy and healthcare services to enhance growth, efficiency, and long-term value; the all-stock transaction converted every five SunLink shares into 1.1330 shares of Regional common stock and one share of Series D 8% preferred stock, issuing approximately 1.6 million common shares and 1.4 million preferred shares. Post-merger leadership features Brent S. Morrison as President and CEO, Mark J. Stockslager as CFO, and Robert M. Thornton, Jr. as Executive Vice President of Corporate Strategy, with an expanded board including directors from both entities. Recent activities also encompass a Series B Preferred Stock Repurchase Program announced in December 2025 and the completion of repurchases of 12.5% Series B Cumulative Redeemable Preferred Shares in September 2025.