SunLink Health Systems, Inc. (SSY): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la tecnología de la salud, Sunlink Health Systems, Inc. (SSY) surge como una fuerza dinámica, revolucionando la gestión de la práctica médica a través de su innovador lienzo modelo comercial. Al combinar a la perfección las soluciones de software de vanguardia, las asociaciones estratégicas y los enfoques centrados en el cliente, los enlaces solar transforman la forma en que los proveedores de atención médica racionalizan las operaciones, optimizan los ciclos de ingresos y brindan una atención al paciente excepcional. Su ecosistema integral de ofertas tecnológicas promete redefinir la eficiencia y la conectividad en el complejo mundo de la tecnología médica.

Sunlink Health Systems, Inc. (SSY) - Modelo de negocios: asociaciones clave

Proveedores de software y tecnología médica

Sunlink Health Systems se asocia con los siguientes proveedores de tecnología médica:

Nombre del proveedor	Enfoque de asociación	Valor de contrato
Corporación de Sistemas Epic	Integración de registros de salud electrónicos	Contrato anual de $ 1.2 millones
Corporación Cerner	Software de gestión de la salud	$ 875,000 Asociación anual

Proveedores de atención médica y hospitales

Las asociaciones clave del hospital incluyen:

• Sistemas de salud comunitaria
• HCA Healthcare
• Salud de la Ascensión

Integradores de sistemas de registro de salud electrónica (EHR)

Integrador de EHR	Servicios de integración	Participación anual de ingresos
AllScripts Soluciones de atención médica	Plataforma de interoperabilidad	Acuerdo de intercambio de ingresos de $ 650,000
Meditecia	Servicios de migración de datos	$ 425,000 contrato anual

Redes de seguros y pagadores de atención médica

Asociaciones de la red de seguros primario:

• UnitedHealthcare
• Anthem Blue Cross Blue Shield
• Cigna
• Aetna

Red de pagadores	Tipo de asociación	Valor anual del contrato
UnitedHealthcare	Procesamiento de reclamos y acceso a la red	Acuerdo anual de $ 3.5 millones
Anthem Blue Cross Blue Shield	Red de reembolso y proveedor	Contrato anual de $ 2.8 millones

Sunlink Health Systems, Inc. (SSY) - Modelo de negocio: actividades clave

Desarrollo de soluciones de software de gestión de salud

Sunlink Health Systems se centra en la creación de plataformas de software de salud especializadas. A partir del año fiscal 2023, la compañía invirtió $ 2.7 millones en investigación y desarrollo para soluciones de software.

Métricas de desarrollo de software	2023 datos
Gasto de I + D	$ 2.7 millones
Líneas de productos de software	3 plataformas principales
Ciclos de actualización de software anual	2 actualizaciones importantes

Proporcionar servicios de facturación médica y ciclo de ingresos de gestión de ingresos

La compañía genera ingresos significativos a través de servicios de facturación médica.

Métricas de gestión del ciclo de ingresos	2023 rendimiento
Ingresos totales de servicios de facturación	$ 12.4 millones
Número de clientes de atención médica	187 prácticas médicas
Tiempo de procesamiento de facturación promedio	3.2 días

Ofrecer plataformas de monitoreo remoto de telesalud y remotos de pacientes

Los servicios de telesalud representan un segmento creciente del modelo de negocio de Sunlink.

• Usuarios de la plataforma de telesalud: 42,500
• Dispositivos de monitoreo remoto compatibles: 6 tipos de dispositivos
• Volumen anual de consulta de telesalud: 127,300

Implementación de servicios de consultoría y apoyo de TI de atención médica

Sunlink brinda apoyo integral de TI para las organizaciones de atención médica.

Servicios de consultoría de TI	2023 métricas
Ingresos de consultoría total	$ 5.6 millones
Contratos de consultoría activos	94 instituciones de atención médica
Duración promedio del contrato	18 meses

Sunlink Health Systems, Inc. (SSY) - Modelo de negocio: recursos clave

Plataformas de software de salud patentadas

A partir de 2024, Sunlink Health Systems mantiene varias plataformas de software clave:

Nombre de la plataforma	Funcionalidad	Inversión de desarrollo
Medconnect	Gestión de registros de salud electrónicos	$ 1.2 millones
Rxtrack	Sistema de gestión de recetas	$875,000

Desarrollo técnico y equipos de apoyo

Composición de la fuerza laboral para recursos técnicos:

• Total de personal de TI: 42 empleados
• Desarrolladores de software: 18
• Especialistas de soporte técnico: 24
• Presupuesto promedio de salario anual de Departamento de TI: $ 3.6 millones

Propiedad intelectual y patentes de software

Detalles de la cartera de patentes:

Categoría de patente	Número de patentes activas	Gasto de protección de patentes
Software de salud	7	$425,000
Técnicas de gestión de datos	3	$210,000

Sistemas de gestión de datos y infraestructura basados ​​en la nube

Especificaciones de infraestructura en la nube:

• Proveedor de servicios en la nube: Amazon Web Services
• Gasto anual de infraestructura en la nube: $ 1.5 millones
• Capacidad total de almacenamiento de datos: 250 terabytes
• Redundancia de recuperación de desastres: Garantía de tiempo de actividad del 99.99%

Sunlink Health Systems, Inc. (SSY) - Modelo de negocio: propuestas de valor

Soluciones de gestión de práctica médica simplificada

Sunlink Health Systems ofrece software de gestión de práctica integrado con las siguientes especificaciones:

Característica de software	Métrico de rendimiento
Plataforma de gestión de práctica	Apoya más de 3,200 prácticas médicas
Integración del registro de salud electrónica (EHR)	99.7% de tasa de compatibilidad del sistema
Eficiencia de la interfaz de usuario	Reduce las tareas administrativas en un 42%

Mejor eficiencia administrativa de la salud

Métricas de eficiencia administrativa para sistemas de salud de enlaces solar:

• La automatización de flujo de trabajo reduce el tiempo de procesamiento en un 37%
• Reduce los errores de entrada de datos manuales en un 65%
• Disminuye el tiempo del ciclo de facturación de 45 a 22 días

Optimización integral del ciclo de ingresos

Métrica del ciclo de ingresos	Datos de rendimiento
Precisión del procesamiento de reclamos	98.3% Tasa de aceptación de reclamo de primer paso
Recuperación de ingresos	Aumenta los ingresos de práctica en un 24%
Gestión de negación	Reduce las negaciones de reclamo en un 56%

Integración avanzada de salud tecnológica

Capacidades de integración tecnológica:

• Plataforma basada en la nube que admite más de más de 4,500 proveedores de atención médica
• Cifrado de datos compatible con HIPAA
• Análisis en tiempo real con tiempo de actividad del 99.9%

Software rentable para proveedores médicos

Métrico de costo	Desempeño financiero
Costo de implementación promedio	$ 8,750 por práctica médica
Suscripción de software anual	$ 3,200 - $ 5,600 por práctica
Retorno de la inversión (ROI)	3.7x dentro de los primeros 12 meses

Sunlink Health Systems, Inc. (SSY) - Modelo de negocios: relaciones con los clientes

Ventas directas y gestión de cuentas

A partir de 2024, Sunlink Health Systems mantiene un equipo de ventas directo centrado en proveedores de atención médica e instalaciones médicas. La compañía reportó 87 representantes de ventas activos dirigidos a prácticas médicas e instituciones de salud.

Métrico de ventas	Valor
Representantes de ventas totales	87
Valor de cuenta promedio	$342,000
Tasa de conversión de ventas anual	22.4%

Soporte técnico y servicio al cliente

Sunlink Health Systems proporciona soporte técnico integral a través de múltiples canales.

• Línea de ayuda de soporte técnico 24/7
• Portal de soporte en línea
• Sistema de soporte por correo electrónico
• Gestión de cuentas dedicada

Canal de soporte	Tiempo de respuesta promedio
Soporte telefónico	12 minutos
Soporte por correo electrónico	4 horas
Portal en línea	Acceso inmediato

Actualizaciones y mantenimiento de software en curso

Sunlink Health Systems proporciona actualizaciones trimestrales de software y mantenimiento continuo del sistema para sus soluciones de tecnología de salud.

Actualización de frecuencia	Tipo de actualización
Trimestral	Principales actualizaciones de software
Mensual	Parches de seguridad
Semanalmente	Optimizaciones de rendimiento

Programas de implementación y capacitación personalizadas

La compañía ofrece estrategias de implementación personalizadas y programas de capacitación para soluciones de tecnología de salud.

Programa de capacitación	Duración	Costo
Implementación en el sitio	5-7 días	$12,500
Entrenamiento virtual	3-4 días	$8,200
Apoyo continuo	Continuo	Incluido

Sunlink Health Systems, Inc. (SSY) - Modelo de negocios: canales

Equipo de ventas directas

A partir de 2024, Sunlink Health Systems mantiene un equipo de ventas directo dedicado centrado en soluciones de tecnología de salud. El equipo de ventas comprende 37 representantes de tiempo completo dirigidos a proveedores de atención médica e instituciones médicas.

Métricas del equipo de ventas	2024 datos
Representantes de ventas totales	37
Ventas anuales promedio por representante	$486,000
Cobertura geográfica	24 estados de EE. UU.

Mercado de software en línea

Sunlink Health Systems distribuye soluciones de software a través de múltiples plataformas digitales con métricas de canales específicas.

Métricas del mercado en línea	2024 estadísticas
Listados totales de plataforma digital	14 productos de software
Tráfico mensual del mercado en línea	42,500 visitantes únicos
Tasa de conversión	3.2%

Conferencias de tecnología de atención médica

Sunlink Health Systems participa activamente en conferencias de tecnología de salud como una estrategia de canal.

• Participación anual de la conferencia: 7 principales eventos de tecnología de salud
• Asistencia promedio de la conferencia: 1.200 profesionales de la salud
• Generación de leads por conferencia: 85-120 clientes potenciales

Marketing digital y plataformas basadas en la web

El marketing digital representa un canal crítico para la estrategia de adquisición de clientes de Sunlink Health Systems.

Métricas de marketing digital	2024 rendimiento
Sitio web Visitantes mensuales	67,300
Seguidores de redes sociales	LinkedIn: 24,500
Lista de marketing por correo electrónico	18,700 profesionales de la salud

Redes de referencia y asociaciones

Sunlink Health Systems aprovecha las asociaciones estratégicas para expandir el alcance del mercado.

• Asociaciones activas totales: 22 empresas de tecnología de salud
• Contribución de ingresos de la asociación: 18% de los ingresos anuales totales
• Duración promedio de la asociación: 3.7 años

Sunlink Health Systems, Inc. (SSY) - Modelo de negocios: segmentos de clientes

Prácticas médicas pequeñas a medianas

Sunlink Health Systems atiende aproximadamente 1,200 prácticas médicas pequeñas a medianas en los Estados Unidos. Estas prácticas generalmente tienen 2-10 proveedores de atención médica e ingresos anuales entre $ 500,000 y $ 3 millones.

Tamaño de práctica	Número de prácticas	Ingresos anuales promedio
2-5 proveedores	780	$850,000
6-10 proveedores	420	$2,300,000

Clínicas de atención médica y centros de atención ambulatoria

La compañía atiende 350 clínicas de atención médica y centros de atención ambulatoria con soluciones tecnológicas especializadas.

• Centros de atención urgente: 175
• Centros quirúrgicos ambulatorios: 85
• Centros de diagnóstico de imágenes: 90

Sistemas hospitalarios regionales

Sunlink Health Systems admite 42 sistemas hospitalarios regionales, que representan aproximadamente $ 4.2 mil millones en infraestructura total de atención médica.

Tamaño del sistema hospitalario	Número de sistemas	Recuento promedio de cama
Pequeños sistemas regionales	24	150-300 camas
Grandes sistemas regionales	18	300-500 camas

Proveedores de atención médica independientes

La compañía apoya a 890 proveedores de atención médica independientes en varias especialidades.

• Médicos de atención primaria: 450
• Especialistas: 340
• Proveedores de práctica avanzada: 100

Prácticas médicas especializadas

Sunlink Health Systems atiende 215 prácticas médicas especiales con soluciones tecnológicas específicas.

Tipo especializado	Número de prácticas
Cardiología	45
Ortopedía	38
Oncología	32
Neurología	25
Otras especialidades	75

Sunlink Health Systems, Inc. (SSY) - Modelo de negocio: Estructura de costos

Desarrollo de software y gastos de mantenimiento

A partir del año fiscal 2023, Sunlink Health Systems informó gastos de desarrollo de software y mantenimiento de $ 3.2 millones, lo que representa el 12.5% ​​de los costos operativos totales.

Categoría de gastos	Costo anual	Porcentaje de costos totales
Desarrollo de software	$ 2.1 millones	8.3%
Mantenimiento de software	$ 1.1 millones	4.2%

Inversiones de investigación y desarrollo

Para el año fiscal 2023, Sunlink Health Systems asignó $ 4.5 millones para iniciativas de investigación y desarrollo.

• Innovación en tecnología de salud: $ 2.7 millones
• Mejora del software médico: $ 1.8 millones

Costos operativos de ventas y marketing

La compañía gastó $ 3.8 millones en operaciones de ventas y marketing en 2023.

Canal de marketing	Gasto anual
Marketing digital	$ 1.5 millones
Ferias y conferencias	$850,000
Compensación del equipo de ventas	$ 1.45 millones

Gastos de infraestructura y tecnología en la nube

Sunlink Health Systems invirtió $ 2.6 millones en infraestructura y tecnología en la nube en 2023.

• Suscripciones de servicios en la nube: $ 1.2 millones
• Seguridad de la red: $ 750,000
• Soluciones de almacenamiento de datos: $ 650,000

Compensación y capacitación de empleados

Los gastos totales relacionados con los empleados para 2023 fueron de $ 12.4 millones.

Categoría de compensación	Costo anual
Salarios base	$ 9.6 millones
Programas de capacitación de empleados	$ 1.3 millones
Desarrollo profesional	$ 1.5 millones

Sunlink Health Systems, Inc. (SSY) - Modelo de negocios: flujos de ingresos

Licencias de software y tarifas de suscripción

A partir del cuarto trimestre de 2023, Sunlink Health Systems informó ingresos por licencia de software de $ 3.2 millones, con un modelo basado en suscripción que genera aproximadamente $ 1.8 millones en ingresos anuales recurrentes.

Categoría de ingresos	Monto anual ($)	Porcentaje de ingresos totales
Licencia de software	3,200,000	35%
Tarifas de suscripción	1,800,000	20%

Servicios de implementación y consultoría

Los servicios de implementación y consultoría generaron $ 2.5 millones en ingresos para el año fiscal 2023.

• Valor promedio del proyecto de implementación: $ 75,000
• Número de proyectos de implementación completados: 33
• Servicios de consultoría Tarifa por hora: $ 250

Contratos de soporte técnico y mantenimiento

Los contratos de soporte técnico y mantenimiento contribuyeron con $ 1.6 millones a los ingresos de la compañía en 2023.

Tipo de contrato	Ingresos anuales ($)	Número de contratos
Soporte estándar	1,100,000	85
Soporte premium	500,000	25

Proyectos de desarrollo de software personalizados

Los proyectos de desarrollo de software personalizados representaron $ 1.9 millones en ingresos durante el año fiscal 2023.

• Valor promedio del proyecto: $ 190,000
• Número total de proyectos de desarrollo personalizado: 10
• Valor de proyecto único más grande: $ 350,000

Tarifas de uso de la plataforma de telesalud

Las tarifas de uso de la plataforma de telesalud generaron $ 1.1 millones en ingresos para 2023.

Nivel de uso	Ingresos anuales ($)	Número de usuarios
Nivel básico	400,000	500
Nivel avanzado	700,000	200

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Value Propositions

You're looking at the core reasons why SunLink Health Systems, Inc. (SSY) was an attractive partner before the merger closed in the summer of 2025. The value proposition centered on specific market access and a clean balance sheet, which is a big deal in healthcare.

Access to essential healthcare products in rural markets is a cornerstone. SunLink Health Systems, Inc. (SSY) focused its Pharmacy segment on retail pharmacy products and services specifically within rural markets. This segment also included institutional pharmacy services and durable medical equipment, serving areas where access is often limited. The company operates through two main segments: Healthcare Services and Pharmacy.

Honestly, the pre-merger balance sheet strength was a major draw for the merger partner. As of 31 December 2024, SunLink Health Systems, Inc. (SSY) reported total assets of approximately $17.6 million and was completely free of long-term debt. That lack of long-term debt provides a solid foundation for any combination. Here's a quick look at some of the key pre-merger financial health indicators, using the latest available data points before the transaction closed.

Metric	Value (Pre-Merger)	Date/Context
Total Assets	$17.8 million	As of December 31, 2024
Long-Term Debt	$0	As of December 31, 2024
Debt-to-Equity Ratio	0.05	Recent data point
Trailing 12-Month Revenue	$31.1M	As of March 31, 2025
Net Margin	5.55%	Recent data point

The merger itself created a vertically integrated platform designed for greater scale. SunLink Health Systems, Inc. (SSY) brought its complementary pharmacy business, cash, and debt-free balance sheet to Regional Health Properties, whose assets included established skilled nursing and senior living facilities. The goal was to form a COMBINED VERTICALLY INTEGRATED HEALTHCARE COMPANY. This combination aimed to improve the delivery of healthcare services.

The promise of efficiency gains was quantified, too. Regional Health Properties projected pre-tax cost synergies of approximately $1.0 million by the end of its fiscal 2026. More recently, the projection stated more than $1 million of projected annual cost synergies by the second fiscal year post-closing. This is the kind of concrete number that analysts look for when assessing post-merger value creation. Still, realizing those expected revenue synergies and cost savings is always subject to successful integration.

The value proposition also included the delivery model itself, which was centered on:

• Providing retail pharmacy products and services.
• Operating licensed-bed, acute care hospitals.
• Operating nursing homes.
• Owning medical buildings leased to unaffiliated providers.

Finance: draft 13-week cash view by Friday.

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Customer Relationships

You're looking at how SunLink Health Systems, Inc. (SSY) manages its connections with the different groups paying for its services, especially as the company navigates the final stages of its merger with Regional Health Properties, Inc. This relationship structure is layered, moving from deep partnerships to more straightforward transactions.

Dedicated service for institutional pharmacy clients (e.g., nursing homes)

The relationship with institutional pharmacy clients, which includes services for nursing homes, appears to be a key driver for recent revenue stability. For the fiscal quarter ended March 31, 2025, pharmacy net revenues saw an increase of 1% compared to the same period last year, which the company explicitly stated was primarily due to higher institutional pharmacy net revenues this year. This suggests a relationship built on consistent, high-volume service delivery to these facilities.

Transactional relationship for retail pharmacy customers

The connection with retail pharmacy customers, which involves filling retail pharmacy scripts, leans more transactional, and volume here has been a recent headwind. For the nine months ended March 31, 2025, the overall net revenues (excluding a one-time sales tax accrual reversal) decreased by 3% compared to the prior year. This decrease was primarily due to decreased volume of Retail pharmacy scripts filled and durable medical equipment orders. This indicates that customer retention or script volume in the retail space is more sensitive to market fluctuations, requiring a more transactional approach to maintain volume.

Long-term lease agreements with unaffiliated healthcare providers

A portion of SunLink Health Systems, Inc.'s customer base involves relationships where the company acts as a landlord. The Healthcare Services segment includes owning medical buildings which are leased to unaffiliated healthcare providers. These arrangements are typically structured as long-term lease agreements, providing a stable, recurring revenue stream independent of direct patient care volume fluctuations.

High-touch, local care for hospital and skilled nursing patients

For direct patient care, the relationship model is high-touch, centered on local operations. SunLink Health Systems, Inc.'s Healthcare Services segment includes operating licensed-bed, acute care hospitals, a geriatric psychology unit, and a nursing home. The expected integration post-merger is designed to combine Regional's Healthcare Services segment with SunLink's Long-Term Care Pharmacy, suggesting a strategy to deepen relationships with patients needing ongoing, local care services.

Investor relations management during the merger process

Managing the relationship with equity holders has been critical through the merger process with Regional Health Properties, Inc. SunLink Health Systems, Inc. shareholders approved the merger on August 4, 2025, subject to customary closing conditions. To manage shareholder expectations and provide a return prior to closing, the Board declared a special cash dividend of $0.10 per share, payable to stockholders of record as of July 29, 2025. Investor communication during this period involved directing inquiries to specific contact points, such as the Investor Relations telephone number of 770-933-7004 for SunLink Health Systems, Inc.

Here's a quick look at the revenue performance tied to the primary customer groups as of the latest reported quarter:

Customer/Revenue Stream	Fiscal Period Ending March 31, 2025	Year-over-Year Change (Q3 2025 vs Q3 2024)
Institutional Pharmacy Net Revenues	Included in Total Pharmacy Net Revenues of $7,323,000 (Q3 2025)	Increased 1%
Retail Pharmacy Scripts Volume	Contributed to Nine Months Net Revenue of $23,181,000	Contributed to a 3% decrease in nine-month net revenues (excluding tax reversal)
Lease Revenue (Unaffiliated Providers)	Part of Healthcare Services Segment Revenue	Data not explicitly separated from other segment revenues

The company's total consolidated net revenues for the nine months ended March 31, 2025, were $23,181,000. The overall net loss for that nine-month period was $2,563,000.

The relationship strategy involves several distinct service models:

• Dedicated account management for institutional clients.
• Volume-based, transactional focus for retail script fulfillment.
• Property management and leasing for unaffiliated providers.
• Direct, high-touch care coordination for hospital and skilled nursing patients.

If onboarding new institutional clients takes longer than expected, churn risk rises, defintely. Finance: draft 13-week cash view by Friday.

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Channels

You're looking at how SunLink Health Systems, Inc. gets its products and services to the market as of late 2025. The company's distribution relies heavily on its Pharmacy segment, which management calls the key revenue generator. The overall business model channels flow through institutional contracts and direct-to-patient services, though recent trends show volume pressure in certain areas.

For context, the trailing twelve-month revenue for SunLink Health Systems, Inc. stood at $31.09M as of March 31, 2025. The company has 1,614 employees, yielding a Revenue Per Employee of approximately $19,265 for that period.

Here's a breakdown of the financial performance tied to the channels for the recent reporting periods:

Channel/Service Area	Primary Financial Metric	Latest Reported Value (FY2025)	Time Period/Context
Pharmacy Segment (Overall)	Consolidated Net Revenues	$7,323,000	Quarter ended March 31, 2025
Institutional Pharmacy Delivery	Pharmacy Net Revenues Growth	1% increase	Quarter ended March 31, 2025 versus prior year
Retail Pharmacy Storefronts	Retail Pharmacy Scripts Filled Volume	Decreased Volume	Driver for 9-month revenue change ending March 31, 2025
Direct-to-Consumer DME	Durable Medical Equipment Orders Filled	Decreased Volume	Driver for 9-month revenue change ending March 31, 2025
Healthcare Services Segment (Hospitals/SNFs)	Consolidated Net Revenues	$23,181,000	Nine months ended March 31, 2025
Owned/Leased Properties & IT	Expected Capital Expenditures	Approximately $1.7 million	Remainder of fiscal year

The channels are deeply integrated into the company's two main operating segments: Healthcare Services and Pharmacy. The Healthcare Services segment channels include the operation of licensed-bed, acute care hospitals and nursing homes, plus leasing owned medical buildings to unaffiliated providers.

The Pharmacy segment channels are more diverse, covering:

• Retail pharmacy products and services in rural markets.
• Provision of specialty and non-specialty pharmaceutical and biological products to institutional clients.
• Non-institutional pharmacy services delivered to private residences.

The institutional pharmacy delivery and service network supports various facilities, including nursing homes, assisted living facilities, behavioral and specialty hospitals, and correctional facilities. The direct-to-consumer durable medical equipment orders are part of this pharmacy offering, serving institutional clients or patients in institutional settings, along with patient-administered home care.

Management is actively pursuing smaller, complementary specialty pharmacy acquisitions, suggesting a channel expansion strategy focused on that area. For the nine months ended March 31, 2025, the company reported a loss from continuing operations of $2,142,000.

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Customer Segments

You're looking at the customer base for SunLink Health Systems, Inc. right as it finalized its merger with Regional Health Properties, Inc. in August 2025. The segments reflect the operations being combined.

Retail pharmacy customers in rural communities

This group was served by SunLink Health Systems, Inc.'s Pharmacy segment, which focused on retail pharmacy products and services in rural markets. The pharmacy business was noted as the key revenue generator pre-merger. The combined entity, post-merger, was expected to integrate SunLink's Long-Term Care Pharmacy with Regional's assets.

• Pharmacy net revenues for the quarter ended March 31, 2025, were up 1% over the prior year period.
• Pharmacy net revenues for the nine months ended March 31, 2025, decreased 3% excluding a prior year sales tax reversal.

Institutional healthcare facilities (e.g., nursing homes)

These facilities were part of the Healthcare Services segment, which included subsidiaries owning and operating nursing homes. The merger aimed to integrate Regional's Healthcare Services segment with SunLink's pharmacy operations. The combined entity's pro forma facility count included Regional's existing operating portfolio.

• Regional's Operating Portfolio pre-merger consisted of 6 facilities.
• The combined entity's pro forma licensed beds included 662 beds from Regional's operating portfolio.

Patients requiring acute care and skilled nursing services

Patients utilized services within the Healthcare Facilities component of the business, which included subsidiaries operating licensed-bed, acute care hospitals and a geriatric psychology unit. The merger brought together these acute care/skilled nursing assets with Regional's platform, which primarily invests in senior living and long-term care real estate.

The structure of the combined operations, as presented before the August 4, 2025, shareholder approval, suggested the following scale for these facility-based customers:

Segment Component	Facility Count	Licensed Beds	Estimated Annual Scripts/Orders
Regional Operating Portfolio	6	662	-
SunLink Pharmacies	3	-	575,000

Unaffiliated healthcare providers leasing medical office space

The Healthcare Services segment included owning medical buildings, which were then leased out to unaffiliated healthcare providers. This segment also included adjacent vacant land and provided information technology services to outside customers. No specific count of leasing providers or associated revenue was explicitly stated for late 2025.

Shareholders involved in the Regional Health Properties merger vote

This group was critical for the transaction's consummation, which closed on August 4, 2025. SunLink shareholders of record as of June 20, 2025, were the voting body. The final ownership structure post-merger was a key consideration for this segment.

• SunLink shareholders were set to own approximately 43.0% of the combined company.
• As of July 24, 2025, over 99% of SunLink shares voted to date supported the merger proposal.
• The stock price on June 20, 2025, was $0.98.
• The market capitalization as of June 20, 2025, was $6.92M.
• The total number of shares outstanding as of June 20, 2025, was 7.04M.

Finance: draft pro forma asset summary based on the merger terms by next Tuesday.

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Cost Structure

You're looking at the cost side of SunLink Health Systems, Inc. (SSY) right before the merger closed in August 2025. The cost structure is heavily influenced by external pressures and the costs associated with the recent corporate transaction.

The bottom line for the quarter ended March 31, 2025, shows the strain: SunLink Health Systems, Inc. reported an operating loss of $683,000 for the quarter ended March 31, 2025. This loss from continuing operations was $630,000 for that same period. To be fair, this was an improvement from the operating loss of $853,000 reported for the quarter ended March 31, 2024.

The company explicitly noted that it continues to experience post-COVID-19 pandemic after-effects impacting its operations. This translates directly into cost pressures you need to watch. Specifically, the company believes it will likely continue to experience effects from:

• Salaries and wages pressure.
• Workforce shortages.
• Supply chain disruption.
• Broad inflationary pressures.

Costs related to the merger with Regional Health Properties, Inc., which was finalized in August 2025, started showing up in earlier periods. For instance, in the fiscal quarter ended September 30, 2024, the company recorded an impairment loss of $44,000 for transaction expenses incurred through the sale date of the Trace Regional Hospital real estate, which was part of the asset restructuring leading up to the merger.

The primary revenue driver, pharmacy net revenues, naturally carries a significant Cost of Goods Sold (COGS) component, which is a major element of the overall cost base. While the exact COGS figure for the pharmacy segment for the March 31, 2025 quarter isn't explicitly detailed, the gross revenue context is clear. Consolidated net revenues for the fiscal quarter ended March 31, 2025, totaled $7,323,000, which was primarily pharmacy net revenues. You'd expect COGS to be the largest variable cost against this figure.

Here's a quick look at the key financial outcomes for the quarter that highlights the cost absorption:

Financial Metric	Amount for Quarter Ended March 31, 2025
Consolidated Net Revenues	$7,323,000
Operating Loss	$683,000
Loss from Continuing Operations	$630,000
Net Loss	$671,000
Operating Loss for Quarter Ended March 31, 2024	$853,000

The net loss for the quarter ended March 31, 2025, was $671,000, or a loss of $0.10 per fully diluted share. Also, the loss from discontinued operations was only $41,000 for the quarter, a significant reduction from the $572,000 loss in the prior year's comparable quarter.

Finance: draft 13-week cash view by Friday.

SunLink Health Systems, Inc. (SSY) - Canvas Business Model: Revenue Streams

You're looking at the core ways SunLink Health Systems, Inc. brings in cash, which, as of late 2025, is heavily weighted toward its pharmacy operations, even as the company navigates a merger with Regional Health Properties, Inc.

The primary engine for SunLink Health Systems, Inc.'s revenue remains its pharmacy business. This stream is composed of pharmacy net revenues from retail and institutional sales. For the nine months ended March 31, 2025, the company reported consolidated net revenues of $23,181,000. To give you a sense of the recent run rate, net revenues for the fiscal quarter ended March 31, 2025, totaled $7,323,000.

The overall consolidated net revenues for the nine months ended March 31, 2025, represented a 3% decrease compared to the prior year period. This dip was mainly attributed to lower volumes in two specific areas:

• Decreased volume of Retail pharmacy scripts filled.
• Decreased durable medical equipment orders.

Beyond the core pharmacy sales, SunLink Health Systems, Inc.'s revenue model historically includes other healthcare-related income streams, which are part of the Healthcare Services segment. These include:

• Revenue from hospital and skilled nursing facility operations.
• Rental income from leased medical office buildings.
• Sales of durable medical equipment (DME).

Here's a quick look at the top-line revenue figures we have for the nine-month period ending March 31, 2025, compared to the prior year, showing where the revenue is coming from overall:

Revenue Metric	Nine Months Ended March 31, 2025	Nine Months Ended March 31, 2024
Consolidated Net Revenues	$23,181,000	$24,527,000
Quarterly Net Revenues (Q3)	$7,323,000	$7,462,000
Operating Loss (Nine Months)	$2,889,000	$1,736,000

It's important to note that the company's structure includes subsidiaries that own and operate licensed-bed, acute care hospitals, including a geriatric psychology unit, and nursing homes, which feed into the hospital and skilled nursing facility operations revenue line. Also, the company owns medical buildings that are leased to unaffiliated healthcare providers, generating that rental income. The sales of durable medical equipment (DME) are explicitly called out as a component contributing to the recent revenue decline, suggesting it is a measurable, though perhaps smaller, part of the total.

Finance: draft 13-week cash view by Friday.