Regional Health Properties Enters Material Definitive Agreement

TL;DR

RHP signed a big deal, filing includes financials. Keep an eye on this.

AI Summary

On November 22, 2024, Regional Health Properties, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as ADCARE HEALTH SYSTEMS, INC, is based in Atlanta, GA.

Why It Matters

This filing indicates a significant new contract or transaction for Regional Health Properties, which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can carry inherent risks related to the terms, counterparty, and execution of the agreement.

Key Numbers

• 001-33135 — SEC File Number (Identifies the company's filing history with the SEC.)
• 81-5166048 — IRS Employer Identification Number (Company's tax identification number.)

Key Players & Entities

• Regional Health Properties, Inc. (company) — Registrant
• ADCARE HEALTH SYSTEMS, INC (company) — Former Company Name
• November 22, 2024 (date) — Date of earliest event reported
• Atlanta, GA (location) — Company Business Address

FAQ

Key Financial Figures

• $5,000,000 — n agreements in the principal amount of $5,000,000 due on July 27, 2036 (the "USDA Note")
• $800,000 — USDA Note") and the principal amount of $800,000 due on July 27, 2036 (the "SBA Note" an
• $318,044.21 — the Borrower agreed to make payments of $318,044.21 toward the USDA Note, $47,871.52 toward
• $47,871.52 — ts of $318,044.21 toward the USDA Note, $47,871.52 toward the SBA Note and $22,000 for est
• $22,000 — ote, $47,871.52 toward the SBA Note and $22,000 for estimated attorney fees incurred by

Filing Documents

• rhe-20241122.htm (8-K) — 56KB
• rhe-ex10_1.htm (EX-10.1) — 152KB
• rhe-ex10_2.htm (EX-10.2) — 99KB
• 0000950170-24-131905.txt ( ) — 491KB
• rhe-20241122.xsd (EX-101.SCH) — 48KB
• rhe-20241122_htm.xml (XML) — 6KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Forbearance Agreement, dated as of November 22, 2024, by and among the Company, the Borrower and the Lender regarding the USDA Note 10.2 Forbearance Agreement, dated as of November 22, 2024, by and among the Company, the Borrower and the Lender regarding the SBA Note 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REGIONAL HEALTH PROPERTIES, INC. Date: November 29, 2024 /s/ Brent Morrison Brent Morrison Chairman, Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR