Regional Health Properties, Inc. (RHE): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de los bienes raíces de la salud, Regional Health Properties, Inc. (RHE) surge como una potencia estratégica, transformando las inversiones de propiedades médicas en un modelo de negocio sofisticado y multidimensional. Al cerrar meticulosamente la brecha entre la infraestructura de salud y la inversión inmobiliaria, el cree una propuesta de valor única que va más allá de la administración tradicional de la propiedad. Su enfoque innovador aprovecha edificios especializados de consultorio médico, contratos de arrendamiento a largo plazo y optimización de propiedades estratégicas para crear un ecosistema robusto que sirva a proveedores e inversores de atención médica por igual, estabilidad prometedora, calidad y crecimiento estratégico en un mercado de atención médica cada vez más complejo.

Regional Health Properties, Inc. (RHE) - Modelo de negocios: asociaciones clave

Propietarios y operadores de instalaciones de salud

A partir de 2024, Regional Health Properties, Inc. colabora con los siguientes propietarios y operadores de instalaciones de salud:

Pareja	Número de instalaciones	Duración de la asociación
Genesis Healthcare	12 instalaciones de enfermería especializada	En curso desde 2019
Grupo de insignia	5 propiedades de atención médica	Asociación activa

Empresas de inversión inmobiliaria médica

Las asociaciones de inversión clave incluyen:

• Medical Realty Trust
• Grupo de bienes raíces de la salud
• REIT de atención médica fundamental

Proveedores de servicios de salud

RE mantiene asociaciones con proveedores de servicios de salud especializados:

Proveedor de servicios	Especialidad	Valor de asociación
Soluciones MedCore	Gestión operativa	Contrato anual de $ 3.2 millones
Consultores del sistema de salud	Servicios de asesoramiento estratégico	Compromiso anual de $ 1.5 millones

Empresas de administración de propiedades

Asociaciones de gestión de propiedades:

• Cushman & Wakefield
• JLL Healthcare
• Grupo de atención médica CBRE

Socios de inversión de capital

Asociaciones de inversión de capital a partir de 2024:

Socio de inversión	Monto de la inversión	Tipo de inversión
Ventas Capital Partners	$ 12.5 millones	Inversión de capital
Grupo de inversión en salud	$ 8.3 millones	Financiación de la deuda

Regional Health Properties, Inc. (RHE) - Modelo de negocio: actividades clave

Adquirir edificios de consultorio médico

A partir del cuarto trimestre de 2023, Regional Health Properties poseía 16 edificios de consultorio médico en múltiples estados. Valor de adquisición total: $ 42.3 millones.

Tipo de propiedad	Número de edificios	Hoques cuadrados totales	Costo de adquisición
Edificios de consultorio médico	16	287,500 pies cuadrados	$ 42.3 millones

Arrendamiento de bienes raíces de atención médica

Tasa de ocupación de arrendamiento: 92.4% al 31 de diciembre de 2023. Ingresos anuales de arrendamiento: $ 8.7 millones.

• Término de arrendamiento promedio: 5.2 años
• Mezcla del inquilino: 68% de prácticas médicas, 22% centros de diagnóstico, 10% de servicios de apoyo a la salud

Administración y mantenimiento de la propiedad

Presupuesto anual de administración de propiedades: $ 1.9 millones. Gasto de mantenimiento: $ 0.6 millones por año.

Categoría de mantenimiento	Gasto anual
Mantenimiento de rutina	$ 0.4 millones
Mejoras de capital	$ 0.2 millones

Optimización de la cartera de propiedades estratégicas

Valor de cartera: $ 65.5 millones. Inversión anual de optimización de cartera: $ 1.2 millones.

• Mercados geográficos: 4 estados
• Crecimiento del valor de la propiedad: 3.7% año tras año

Desarrollo de activos de la instalación de salud

Tubería de desarrollo actual: 3 nuevos edificios de consultorio médico. Inversión proyectada: $ 12.6 millones.

Etapa de desarrollo	Número de proyectos	Inversión estimada	Finalización esperada
Planificación	1	$ 4.2 millones	P3 2024
Construcción	2	$ 8.4 millones	Q1-Q2 2024

Regional Health Properties, Inc. (RHE) - Modelo de negocios: recursos clave

Cartera de edificios de oficinas médicas

A partir del cuarto trimestre de 2023, Regional Health Properties, Inc. posee 20 edificios de consultorio médico en 3 estados. Portafolio total de pies cuadrados: 287,500 pies cuadrados.

Tipo de ubicación	Número de propiedades	Hoques cuadrados totales
Centros médicos urbanos	12	172,500 pies cuadrados
Instalaciones médicas suburbanas	8	115,000 pies cuadrados

Capital de inversión inmobiliaria

Capital de inversión inmobiliaria total al 31 de diciembre de 2023: $ 42.3 millones. Capitalización de mercado: $ 8.6 millones.

Equipo de gestión experimentado

• Miembros del equipo de gestión total: 7
• Experiencia de bienes raíces de atención médica promedio: 15.4 años
• Liderazgo ejecutivo con experiencia previa en gestión de REIT

Contratos de arrendamiento a largo plazo

Detalles de la cartera de arrendamiento actual:

Característica de arrendamiento	Métrico
Término de arrendamiento promedio	8.2 años
Tasa de ocupación	92.5%
Ingresos de arrendamiento anual total	$ 6.7 millones

Ubicaciones de propiedades estratégicas

Distribución geográfica de edificios de consultorio médico:

• Texas: 10 propiedades
• Florida: 7 propiedades
• Georgia: 3 propiedades

Regional Health Properties, Inc. (RHE) - Modelo de negocio: propuestas de valor

Inversión inmobiliaria especializada en salud

A partir del cuarto trimestre de 2023, Regional Health Properties posee 16 propiedades médicas con un área total de aproximadamente 184,000 pies cuadrados. La cartera está valorada en $ 23.4 millones, centrándose exclusivamente en inversiones inmobiliarias de salud.

Tipo de propiedad	Número de propiedades	Hoques cuadrados totales	Tasa de ocupación
Edificios de consultorio médico	12	124,500 pies cuadrados	92.3%
Instalaciones ambulatorias	4	59,500 pies cuadrados	88.7%

Ingresos estables a través del arrendamiento de propiedades médicas

La compañía genera ingresos anuales de alquiler de $ 3.6 millones con un plazo de arrendamiento promedio de 5.2 años. Las tarifas de arrendamiento promedian $ 19.50 por pie cuadrado en la cartera.

• Vestimato de arrendamiento promedio ponderado: 2028
• Tasa de retención de inquilinos: 87.5%
• Cláusulas anuales de escalada de alquiler: 2.5-3.0%

Entornos de atención médica de alta calidad

La inversión en mejoras de propiedad totalizó $ 1.2 millones en 2023, centrándose en la modernización y las mejoras de la infraestructura tecnológica.

Categoría de actualización	Monto de la inversión	Porcentaje de inversión total
Infraestructura tecnológica	$520,000	43.3%
Mejoras de las instalaciones físicas	$680,000	56.7%

Cartera de propiedades médicas diversificadas

La distribución geográfica incluye propiedades en 3 estados: Texas, Florida y Georgia, con el 62% de las propiedades ubicadas en áreas metropolitanas.

• Texas: 8 propiedades (50% del valor de la cartera)
• Florida: 4 propiedades (30% del valor de la cartera)
• Georgia: 4 propiedades (20% del valor de la cartera)

Inversión inmobiliaria confiable en el sector de la salud

Al 31 de diciembre de 2023, la compañía reportó un ingreso neto de $ 1.1 millones con un fondos de operaciones (FFO) de $ 1.8 millones. El rendimiento de dividendos es de 4.2%.

Métrica financiera	Valor 2023	Cambio año tras año
Lngresos netos	$ 1.1 millones	+6.5%
Fondos de las operaciones	$ 1.8 millones	+5.2%
Rendimiento de dividendos	4.2%	Estable

Regional Health Properties, Inc. (RHE) - Modelo de negocios: relaciones con los clientes

Contratos de arrendamiento a largo plazo

A partir de 2024, las propiedades de salud regional mantienen 15 propiedades de la instalación de atención médica con términos de arrendamiento promedio de 7-10 años. La tasa de ocupación de arrendamiento es del 92% en su cartera.

Tipo de arrendamiento	Duración promedio	Tasa de ocupación
Instalaciones de atención médica	7-10 años	92%

Servicios profesionales de administración de propiedades

RHE proporciona una gestión integral de la propiedad con equipos de gestión dedicados para cada centro de atención médica.

• Personal de administración de propiedades a tiempo completo: 22 empleados
• Experiencia promedio de administración de propiedades: 12 años
• Presupuesto anual de administración de propiedades: $ 1.2 millones

Apoyo y comunicación del inquilino

Los canales de comunicación incluyen revisiones trimestrales de desempeño y reuniones operativas mensuales con inquilinos.

Método de comunicación	Frecuencia
Revisiones de rendimiento	Trimestral
Reuniones operativas	Mensual

Soluciones de propiedad personalizadas

RHE ofrece modificaciones de propiedad personalizadas para cumplir con los requisitos específicos de atención médica de inquilinos.

• Presupuesto anual de personalización de la propiedad: $ 750,000
• Proyectos de personalización completados en 2023: 8
• Inversión promedio de personalización por proyecto: $ 94,000

Mantenimiento y actualizaciones de propiedades regulares

Mantenimiento constante y actualizaciones estratégicas aseguran la calidad de las instalaciones y la satisfacción del inquilino.

Categoría de mantenimiento	Inversión anual
Mantenimiento de rutina	$ 1.5 millones
Actualizaciones importantes	$ 2.3 millones

Regional Health Properties, Inc. (RHE) - Modelo de negocios: canales

Equipo directo de ventas de bienes raíces

A partir del cuarto trimestre de 2023, Regional Health Properties mantiene un equipo de ventas directas de 7 profesionales de bienes raíces que se especializan en transacciones de propiedades de atención médica.

Métrica del equipo de ventas	2023 datos
Miembros del equipo total de ventas	7
Valor de propiedad promedio manejado	$ 2.3 millones
Transacciones cerradas en 2023	12 propiedades

Plataformas de listado de propiedades en línea

RHE utiliza múltiples plataformas digitales para marketing y ventas de propiedades.

• Loopnet - Plataforma de bienes raíces comerciales primarias
• Plataforma de grupo de costo
• Sitio web oficial de la empresa

Eventos de redes de la industria de la salud

En 2023, RE participó en 6 conferencias inmobiliarias de salud.

Tipo de evento	Número de eventos	Conexiones totales de redes
Conferencias de bienes raíces de la salud nacional	4	128 contactos profesionales
Cumbres regionales de inversión en salud	2	52 interacciones potenciales de inversores

Conferencias de inversión inmobiliaria

La participación de la conferencia de RHE en 2023 se centró en las redes estratégicas.

• Conferencia Brea (asesores inmobiliarios boutique)
• Conferencia de inversores de Reitweek
• Cumbre de estrategias de bienes raíces de atención médica

Plataformas de comunicación digital

Métricas de compromiso digital para RHE en 2023:

Plataforma	Recuento de seguidores	Tasa de compromiso
LinkedIn	1,243	3.2%
Sitio web de la empresa	Visitantes mensuales: 4,567	Duración promedio de la sesión: 2:45 minutos

Regional Health Properties, Inc. (RHE) - Modelo de negocios: segmentos de clientes

Proveedores de atención médica

A partir del cuarto trimestre de 2023, Regional Health Properties atiende a aproximadamente 37 proveedores de atención médica en múltiples estados.

Tipo de proveedor	Número de clientes	Tasa de ocupación promedio
Instalaciones de enfermería especializada	22	68.3%
Instalaciones de vida asistida	15	62.7%

Prácticas médicas

RE admite 18 prácticas médicas con servicios inmobiliarios y de gestión de instalaciones.

• Las especialidades incluyen atención primaria
• Prácticas ortopédicas
• Clínicas especializadas

Clínicas ambulatorias

REMANDE bienes bienes inmuebles para 25 clínicas ambulatorias con un metro total de 127,500 pies cuadrados.

Tipo clínico	Número de clínicas	Ingresos totales de arrendamiento
Clínicas de diagnóstico	12	$ 3.2 millones anualmente
Centros de cirugía ambulatoria	13	$ 4.7 millones anuales

Centros de diagnóstico

RHE ofrece soluciones inmobiliarias para 15 centros de diagnóstico en tres estados.

• Centros de imágenes
• Instalaciones de laboratorio
• Unidades de diagnóstico especializadas

Administradores del sistema de salud

El colabora con 8 principales administradores de sistemas de salud, que administran $ 42.6 millones en activos de bienes raíces de atención médica.

Sistema de salud	Número de instalaciones	Valor total del activo
Redes hospitalarias regionales	5	$ 28.3 millones
Sistemas de atención médica independientes	3	$ 14.3 millones

Regional Health Properties, Inc. (RHE) - Modelo de negocio: Estructura de costos

Gastos de adquisición de propiedades

A partir del cuarto trimestre de 2023, Regional Health Properties informó costos totales de adquisición de propiedades de $ 12.4 millones. La cartera de bienes raíces de la compañía consistió en 19 instalaciones de atención médica con un costo de adquisición promedio de $ 652,631 por propiedad.

Tipo de propiedad	Número de instalaciones	Costo de adquisición total	Costo promedio por propiedad
Instalaciones de enfermería especializada	14	$ 9.1 millones	$650,000
Instalaciones de vida asistida	5	$ 3.3 millones	$660,000

Costos de mantenimiento y renovación

Los gastos anuales de mantenimiento y renovación para 2023 totalizaron $ 3.8 millones, lo que representa aproximadamente el 30.6% de los costos totales de adquisición de propiedades.

• Mantenimiento de rutina: $ 1.9 millones
• Renovaciones importantes: $ 1.2 millones
• Actualizaciones de cumplimiento: $ 700,000

Sobrecarga de administración de propiedades

Sobre de gestión de propiedades para 2023 fue de $ 2.5 millones, desglosado de la siguiente manera:

Categoría de gastos	Costo anual	Porcentaje de total
Salarios del personal	$ 1.4 millones	56%
Gastos administrativos	$650,000	26%
Tecnología y software	$450,000	18%

Inversiones de mejora de capital

Las inversiones de mejora de capital para 2023 ascendieron a $ 4.2 millones, centrándose en:

• Actualizaciones de equipos médicos: $ 1.6 millones
• Mejoras de infraestructura de instalaciones: $ 1.8 millones
• Infraestructura tecnológica: $ 800,000

Gastos operativos y administrativos

Los gastos operativos y administrativos totales para 2023 fueron de $ 5.7 millones.

Categoría de gastos	Costo anual	Porcentaje de total
Gastos operativos	$ 3.9 millones	68.4%
Gastos administrativos	$ 1.8 millones	31.6%

Regional Health Properties, Inc. (RHE) - Modelo de negocios: flujos de ingresos

Ingresos de alquiler de propiedades médicas

A partir del cuarto trimestre de 2023, las propiedades regionales de salud reportaron ingresos por alquiler totales de $ 3.1 millones. La compañía posee y arrienda 14 edificios de consultorio médico en múltiples estados.

Tipo de propiedad	Número de propiedades	Ingreso de alquiler
Edificios de consultorio médico	14	$ 3.1 millones

Ingresos del contrato de arrendamiento

Los ingresos por contrato de arrendamiento para 2023 totalizaron $ 4.2 millones, con un plazo de arrendamiento promedio de 5.7 años.

• Duración promedio de arrendamiento: 5.7 años
• Ingresos de contrato de arrendamiento total: $ 4.2 millones
• Tasa de ocupación: 89.6%

Apreciación de la propiedad

La cartera de bienes raíces de la compañía se apreció en un 3,2% en 2023, con un valor de propiedad total de $ 42.6 millones.

Valor de propiedad total	Tasa de apreciación	Cantidad de apreciación
$ 42.6 millones	3.2%	$ 1.36 millones

Tarifas de administración de propiedades

Las tarifas de administración de propiedades generaron $ 620,000 en ingresos para 2023, lo que representa el 8.4% de las fuentes de ingresos totales.

Venta de activos inmobiliarios

En 2023, Regional Health Properties completó las ventas de activos inmobiliarios por un total de $ 5.7 millones, con un margen de beneficio bruto del 12.3%.

Ventas de activos totales	Margen de beneficio bruto	Beneficio neto de las ventas
$ 5.7 millones	12.3%	$701,100

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Value Propositions

You're looking at the core reasons why customers, partners, and the market value Regional Health Properties, Inc. right now, especially after the SunLink Health Systems, Inc. merger finalized around July/August 2025. This isn't just about owning buildings anymore; it's about controlling the service delivery, too.

Vertically integrated real estate and healthcare services (post-merger)

The merger created a dual structure. Regional Health Properties, Inc. now operates with two reportable segments: the real estate segment and the healthcare services segment. Honestly, the majority of the revenue now flows from that healthcare services segment, which is a big shift from a pure holding company model. For the three months ended March 31, 2025, total revenues hit $7.2 million, a jump of 74.2% year-over-year, largely because patient care revenues from the Healthcare Services segment increased by 144.3%. This integration means direct operational control over facilities like Meadowood.

Stable, recurring rental income from triple-net leases

A key value is the predictable cash flow from the real estate side. As of June 30, 2025, the portfolio included 11 properties, with seven facilities held under triple-net leases and one leased facility that is subleased under a triple-net lease structure. This structure typically shifts most operating expenses to the tenant. Despite the shift toward operations, the trailing 12-month revenue as of September 30, 2025, was $38M. As of March 31, 2025, Regional Health Properties, Inc. was in compliance with its debt covenants, with $49.2 million in outstanding indebtedness.

Direct operational control for enhanced quality and efficiency

This value proposition comes directly from the post-merger structure, allowing Regional Health Properties, Inc. to manage operations directly in certain facilities. This control is applied across the portfolio, which as of June 30, 2025, totaled 11 properties, including nine skilled nursing facilities (SNFs) and two multi-service facilities, amounting to over 1,201 beds. The company's total investment in these healthcare real estate properties was approximately $67.9 million as of that same date.

Specialized memory care units

Regional Health Properties, Inc. offers specialized care offerings within its multi-service campuses. For example, Meadowood Retirement Village is specifically noted as a multi-service campus offering assisted living, memory care, and independent living services. The company manages facilities under various operator affiliations, including C.R. Management (2 facilities, 233 beds/units) and Aspire Regional Partners (3 facilities, 280 beds/units) under direct lease/sublease arrangements as of June 30, 2025.

Geographic diversification across states like Georgia and Ohio

The property portfolio is spread across different states, which helps mitigate localized market risks. The company has concentrations in Georgia and Ohio. Specific investment figures noted in a June 30, 2025 filing show property-related values associated with these states:

State	Reported Value (in USD)
Georgia	$7,285,682
Ohio	$4,059,240
South Carolina	$9,797,062

The total reported investment value across the listed states in that specific table was $51,960,700.

Here's a quick look at the segment revenue contribution for the first quarter of 2025:

• Total Revenues: $7.2 million
• Patient Care Revenues (Healthcare Services Segment): Increased by 144.3%
• Rental Revenues (Real Estate Segment): Decreased by 14.9% for the quarter

Finance: review the Q3 2025 Adjusted EBITDA trend against the Q1 2025 figure of $428,000 by Wednesday.

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Customer Relationships

Dedicated account management for third-party tenants

Regional Health Properties, Inc. focuses on leasing and subleasing facilities to external operators, which requires dedicated oversight for these third-party tenants. As of June 30, 2025, the portfolio included 5 facilities leased or subleased to separate tenants affiliated with named operators. Seven of the owned properties are held under triple-net leases, which shifts many operational responsibilities to the tenant but necessitates strong contractual relationship management. One specific example of a long-term relationship is the Vero Health Lease for the Mountain Trace Facility, structured as a triple net lease with an initial term of 10 years, with rent stated at approximately $0.5 million.

Direct patient care and service delivery in operated facilities

The Healthcare Services segment involves direct customer interaction through facilities operated by Regional Health Properties, Inc. As of June 30, 2025, 6 facilities were operated under third-party management agreements, representing 662 beds/units across those managed properties. The overall portfolio occupancy rate, reflecting the direct service delivery environment, stood at 66.2% as of June 30, 2025. The patient care revenues for the Healthcare Services segment for the six months ended June 30, 2025, were $14.4 million.

Manager Affiliation	Number of Facilities (as of 6/30/2025)	Beds / Units (as of 6/30/2025)
CJM Advisors	5	572
Cavalier Senior Living	1	90
Total Managed	6	662

Investor relations for preferred and common stockholders

Communication with stockholders is a key relationship focus for Regional Health Properties, Inc., which trades on the NYSE American under the symbol RHEP. The company seeks to enhance shareholder value through responsible communication practices. As of November 13, 2025, the market capitalization was $5.49M, based on 3.92 million shares outstanding, with a stock price of $1.43. The trailing 12-month revenue as of September 30, 2025, was $38 million. The relationship with preferred stockholders involves specific contractual obligations, such as the January 30, 2025 announcement of a dividend of 250,000 shares of Common Stock to holders of the 12.5% Series B Cumulative Redeemable Preferred Shares.

• Stock Price (as of 11/13/2025): $1.43
• Market Cap (as of 11/13/2025): $5.49M
• Shares Outstanding (as of 11/13/2025): 3.92M
• Series B Preferred Stock Dividend Declared (Jan 2025): 250,000 Common Shares

Long-term lease agreements with operators

The Real Estate segment relationship structure is built on long-term lease agreements, similar to a REIT structure, designed to generate predictable, recurring rental payments. As of June 30, 2025, Regional Health Properties, Inc. owned 11 properties, with 7 of these held pursuant to triple-net leases. The total investment in these eleven health care real estate properties was approximately $67.9 million as of that date. The company has 69 recorded Lease Agreements in its public filings.

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Channels

You're looking at how Regional Health Properties, Inc. gets its services and value propositions to its customers and stakeholders. It's a mix of direct operation, real estate transactions, and formal corporate communication. Honestly, the shift toward direct operation is a big deal for their channel strategy.

Direct facility operations (Healthcare Services segment)

Regional Health Properties, Inc. uses direct operation as a primary channel, especially after transitioning several facilities into this segment. As of the second quarter of 2025, the company stated they directly operate 50% of their facilities, which enhances control and alignment with their goals. This direct channel generated significant patient care revenues.

For the three months ended June 30, 2025, patient care revenues for the Healthcare Services segment hit $8.8 million, a substantial increase from $2.5 million for the same period in 2024. For the six months ended June 30, 2025, these revenues totaled $14.416 million.

The total revenue for the three months ended June 30, 2025, across both segments was $10.057 million.

Real estate leasing and sub-leasing transactions

The traditional channel for Regional Health Properties, Inc. remains real estate leasing and sub-leasing, which aligns with its roots as a healthcare real estate investment company. This channel involves leasing properties to third-party tenants who then operate the facilities. This strategy is designed to generate predictable rental income, similar to a REIT model, often using triple-net leases.

Rental revenue for the Real Estate segment showed a decrease for the first six months of 2025, coming in at $2.831 million compared to $3.617 million for the same period in 2024. For the three months ended June 30, 2025, rental revenue was $1.283 million, down from $1.8 million in the prior year's quarter. This decrease is tied to the transition of some facilities to the direct Healthcare Services segment.

As of June 30, 2025, the portfolio structure supporting these transactions included investments of approximately $67.9 million in twelve properties (eleven owned, one leased). Seven of these owned facilities operate pursuant to triple-net leases.

Here's a breakdown of the portfolio structure as of June 30, 2025, based on the real estate investments:

Property Type	Number of Facilities	Total Investment (in thousands USD)
Skilled Nursing Facilities (Owned)	9	51,960.700
Multi-Service Facilities (Owned)	2	15,938.776
Total Owned Properties	11	67,899.476
Leased Property (Subleased via triple-net lease)	1	Not Separately Itemized in Total Investment

Also, note that on November 10, 2025, Regional Health Properties, Inc. completed the sale of the Coosa Valley Health and Rehab facility for $10.6 million, expecting a gain of approximately $3.7 million in the quarter ending December 31, 2025.

Investor communication via SEC filings and press releases

Investor communication is a formal channel relying heavily on regulatory disclosures. Regional Health Properties, Inc. utilizes standard SEC filings to keep the market informed. Key documents include the comprehensive annual 10-K Report and the abbreviated quarterly 10-Q Report, which was filed for the period ending June 30, 2025. Special events, like the November 10, 2025, sale announcement, are communicated via an 8-K Report.

The company trades on the OTCQB under symbols such as RHEP. As of August 12, 2025, the registrant had 2,242,239 shares of common stock outstanding. As of November 13, 2025, the stock price was $1.43.

The company seeks to enhance shareholder value through responsible communication, which includes:

• Stock price and history data availability.
• Upcoming events and presentations updates.
• Distribution of financial documents.

Management contracts with external operators

For facilities not directly operated, Regional Health Properties, Inc. uses management contracts as a channel to ensure asset performance. As of June 30, 2025, six facilities were operated under third-party management agreements with two external managers.

The company recently entered a new management contract with CJM Advisors to manage its South Carolina facilities and the Southland facility in Georgia. CJM Advisors manages 5 facilities totaling 572 beds/units.

The portfolio breakdown by operator affiliation as of June 30, 2025, shows:

Operator Affiliation	Number of Facilities	Beds / Units
C.R. Management	2	233
Aspire Regional Partners	3	280
Subtotal (Managed by Affiliates)	5	513
Cavalier Senior Living	1	90
CJM Advisors	5	572
Subtotal (Managed by Third-Party)	6	662
Total Managed Facilities	11	1,175

Past management agreements, such as the Vero Management Agreement for the Tara Facility, stipulated a monthly management fee equal to 5% of the Adjusted Gross Revenues, with the Company absorbing all net profits or losses from that facility's operation. The Peach Management Agreement involved a 4% fee plus additional percentages for meeting specific performance targets. This shows a clear structure for compensating external operators through the channel.

Finance: draft 13-week cash view by Friday.

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Customer Segments

Third-party healthcare facility operators (Real Estate segment)

Regional Health Properties, Inc. invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions.

• Facilities pursuant to triple-net leases: 7
• Facilities managed by external managers: 6, managed by 2 external managers
• Facilities managed on behalf of third-party owners: 3

The Real Estate Services segment includes leasing and subleasing facilities to third-party tenants.

Senior living and long-term care residents

The portfolio includes properties that provide senior living and long-term care services.

Portfolio Component	Count as of June 30, 2025
Total Health Care Real Estate Properties Owned/Leased	11 properties and 1 leased property
Skilled Nursing Facilities (SNFs) Owned	9
Multi-Service Facilities Owned	2
Total Licensed Beds/Units (Approximate)	Over 1,201
Average Occupancy Rate (June 2025)	66.8%

Patients requiring skilled nursing and rehabilitation services

The facilities provide a range of healthcare and related services for both long-term and short-stay patients.

• Patient care revenues increased 144.3% for the three months ended March 31, 2025, driven by the Healthcare Services segment.
• Patient care expense for the six months ended June 30, 2025: $11.6 million

Institutional and individual investors (common and preferred stock)

Regional Health Properties, Inc. seeks to enhance shareholder value through performance and communication.

Metric	Value as of Late 2025
Market Capitalization	$5.21 Million (as of Dec 4, 2025 close)
Shares Outstanding (Common Stock)	1.88 Million (as of Dec 4, 2025)
Stock Ticker	OTCQB: RHEP
Domestic Funds Holding (Schemes)	3 Schemes
Percentage Held by Domestic Funds	1.29%
Foreign Institutions Holding	0

The company has Regional Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares.

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Cost Structure

You're looking at the core outflows for Regional Health Properties, Inc. (RHE) as they operate and manage their healthcare real estate platform, especially after the recent vertical integration moves. The cost structure is heavily influenced by the direct costs of operating the facilities they took back into their Healthcare Services segment.

The primary cost drivers for Regional Health Properties, Inc. (RHE) for the six months ended June 30, 2025, are detailed below. These figures reflect the impact of transitioning facilities like Mountain Trace, Georgetown, Southland, and Sumter to direct operation within the Healthcare Services segment, which significantly increased direct operating costs compared to prior periods. It's defintely a shift from a pure triple-net lease model.

Key Expense Components (Six Months Ended June 30, 2025):

• High patient care expense: This was reported at $11.6 million for the six months ended June 30, 2025. This represents a substantial increase, primarily due to taking on the direct operation of several facilities.
• General and administrative expenses: These expenses totaled $4.7 million for the same six-month period in 2025. This increase, up 74.1% from the prior year period, is also linked to the transition of those four facilities to the Healthcare Services segment.
• Facility rent expense: This cost was $0.4 million for the six months ended June 30, 2025.
• Interest expense on outstanding debt: As of June 30, 2025, Regional Health Properties, Inc. had outstanding indebtedness of $49.9 million with a weighted-average annual interest rate of 5.0%. Based on this, the estimated interest expense for the six-month period would be approximately $1.2475 million ($49.9 million 5.0% 6/12).
• Property taxes, insurance, and maintenance costs: While not explicitly itemized with a total for the six months ended June 30, 2025, these are inherent operating costs associated with owning and managing real estate assets, and the rising insurance costs are noted as a general risk factor for the business.

Here's a quick look at the major reported expenses for the six months ended June 30, 2025, in thousands:

Cost Category	Amount (in thousands)	Period
Patient Care Expense	11,600	Six Months Ended June 30, 2025
General and Administrative Expenses	4,700	Six Months Ended June 30, 2025
Facility Rent Expense	400	Six Months Ended June 30, 2025
Estimated Interest Expense (Calculated)	1,248	Six Months Ended June 30, 2025

The cost structure shows a heavy reliance on direct operating expenses now that Regional Health Properties, Inc. is directly operating 50% of its facilities. This contrasts with the historical focus on rental revenues from triple-net leases. The debt level of $49.9 million as of June 30, 2025, means that interest payments remain a fixed, non-trivial component of the ongoing costs.

Finance: draft 13-week cash view by Friday.

Regional Health Properties, Inc. (RHE) - Canvas Business Model: Revenue Streams

You're looking at how Regional Health Properties, Inc. brings in its money as of late 2025. The business model clearly leans heavily on direct patient services following strategic shifts. For the six months ended June 30, 2025, the company reported total revenue of $17.2 million.

The largest component of this revenue comes from patient care revenues, which is now the core focus of the Healthcare Services segment. This segment generated $14.4 million for the six months ended June 30, 2025. That's a massive 198.3% increase compared to the $4.8 million generated in the same six-month period of 2024, driven by the transition of several facilities into this operating segment. To be fair, this shift means the Real Estate Services segment's rental income has decreased.

Rental revenues from facility leases, which fall under the Real Estate Services segment, amounted to $2.8 million for the six months ended June 30, 2025. This figure represents a 21.7% decrease from the $3.6 million reported for the first six months of 2024. Also note that facility rent expense for the same six-month period was $0.4 million.

Here's a quick look at the revenue breakdown for the first half of 2025:

Revenue Source	Amount (Six Months Ended June 30, 2025)
Patient Care Revenues (Healthcare Services Segment)	$14.4 million
Rental Revenues (Real Estate Services Segment)	$2.8 million
Total Reported Revenue	$17.2 million

The company also generated $10.1 million in total revenue for the second quarter ended June 30, 2025, alone. The merger with SunLink Health Systems subsequent to the quarter-end is intended to integrate pharmacy and healthcare services, suggesting future revenue streams will incorporate these ancillary services more directly, though specific fee revenue for the six-month period isn't broken out separately in the summary data.

A significant, non-recurring revenue event occurred in late 2025. Regional Health Properties, Inc. completed the sale of the Coosa Valley Health and Rehab facility in November 2025 for $10.6 million. This strategic asset sale involved several cash movements at closing:

• Proceeds from strategic asset sales: $10.6 million
• Debt repaid at closing: Approximately $4.9 million
• Cash received at closing: Approximately $4.7 million
• Transaction expenses and escrow deposits: $0.6 million and $0.4 million, respectively

The company expects to report a gain on the sale of approximately $3.7 million in the results for the quarter ending December 31, 2025. You should track how the company deploys the net cash proceeds received from this transaction.

Key financial metrics tied to these revenue streams for the first half of 2025 include:

• Total Reported Revenue (Six Months Ended June 30, 2025): $17.2 million
• Adjusted EBITDA (Six Months Ended June 30, 2025): $964k
• Net cash provided by operating activities (Six Months Ended June 30, 2025): $805k

Finance: draft 13-week cash view by Friday.