Regional Health Properties Sells Three Properties for $26.1 Million and Extinguishes $24.7 Million in Secured Debt, Repaying "Pinecone" and Congressional Bank Loans in Full
Regional Health Properties, Inc. (RHE)
NASDAQ:AMEX Investor Relations:
ir.regionalhealthproperties.com
Company Research
Source: PR Newswire
ATLANTA, Aug. 2, 2019 /PRNewswire/ -- Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, has completed the sale of three of the four skilled nursing properties located in Oklahoma, Alabama and Georgia, to affiliates of MED Healthcare Partners LLC ("MED"), as contemplated by the purchase and sale agreement previously disclosed by the Company in its Current Report on Form 8-K filed with the Securities and Exchange Commission on April 18, 2019. The three properties were sold for the purchase price of $26.1 million in cash. The Company and MED agreed to extend the closing date on the fourth property located in Oklahoma to August 28, 2019.The Company used the cash proceeds from the sale to pay a net of approximately $1.0 million in outstanding interest, fees, and other costs and to repay $24.7 million in debt which was secu
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RHE
Sec Filings
- 4/26/24 - Form 3
- 4/19/24 - Form 8-K
- 4/1/24 - Form 10-K
- RHE's page on the SEC website