Regional Health Properties Reports Unusual Trading Activity
December 28 2020 - 1:50PM
Business Wire
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, today issued a statement on
recent unusual trading activity in the Company’s common stock.
While the Company does not normally comment on market activity,
the Company confirms it is not aware of any undisclosed material
change in the business, operations or affairs of the Company that
would account for the recent increase in the share price and the
trading volume of the Company’s common stock.
About Regional Health Properties
Regional Health Properties, Inc. (NYSE American: RHE) (NYSE
American: RHEpA) is 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.
Regional currently owns, leases or manages for third parties 24
facilities (12 of which are owned by Regional, nine of which are
leased by Regional and three of which are managed by Regional for
third parties).
For more information, visit
www.regionalhealthproperties.com.
Important Cautions Regarding Forward-Looking
Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Words such as “expects,” “intends,” “believes,”
“anticipates,” “plans,” “likely,” “will,” “seeks,” “estimates” and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Statements in this press
release regarding future events and developments and our future
performance, as well as management’s expectations, beliefs, plans,
estimates or projections relating to the future, are
forward-looking statements.
Forward-looking statements, by their nature, involve estimates,
projections, goals, forecasts and assumptions and are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected or contemplated by our
forward-looking statements due to various factors, including, among
others: our dependence on the operating success of our operators;
the significant amount of, and our ability to service, our
indebtedness; covenants in our debt agreements that may restrict
our ability to make investments, incur additional indebtedness and
refinance indebtedness on favorable terms; the availability and
cost of capital; our ability to raise capital through equity and
debt financings or through the sale of assets; the effect of
increasing healthcare regulation and enforcement on our operators
and the dependence of our operators on reimbursement from
governmental and other third-party payors; the relatively illiquid
nature of real estate investments; the impact of litigation and
rising insurance costs on the business of our operators; the impact
on us of litigation relating to our prior operation of our
healthcare properties; the effect of our operators declaring
bankruptcy, becoming insolvent or failing to pay rent as due; the
ability of any of our operators in bankruptcy to reject unexpired
lease obligations and to impede our ability to collect unpaid rent
or interest during the pendency of a bankruptcy proceeding and
retain security deposits for the debtor’s obligations; our ability
to find replacement operators and the impact of unforeseen costs in
acquiring new properties; the impact of COVID-19 on our business
and the business of our operators, including without limitation,
the extent and duration of the COVID-19 pandemic, increased costs
experienced by our operators in connection therewith, and the
extent to which government support may be available to our
operators to offset such costs and the conditions related thereto;
and other factors discussed from time to time in our news releases,
public statements and documents filed by us with the Securities and
Exchange Commission from time to time, including our Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. These forward-looking statements and such risks,
uncertainties and other factors speak only as of the date of this
press release, and we expressly disclaim any obligation or
undertaking to update or revise any forward-looking statement
contained herein, to reflect any change in our expectations with
regard thereto or any other change in events, conditions or
circumstances on which any such statement is based, except to the
extent otherwise required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201228005234/en/
Company Contacts Brent Morrison Chief Executive Officer
and President Regional Health Properties, Inc. Tel (678) 869-5116
brent.morrison@regionalhealthproperties.com
Investor Relations Brett Maas Managing Partner Hayden IR
Tel (646) 536-7331 brett@haydenir.com
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