Troutman Pepper Locke advised Regional Health Properties, Inc. (Regional) (NYSE American: RHE), a self-managed health care real estate investment company, in its definitive agreement to merge with SunLink Health Systems, Inc. (SunLink) (NYSE American: SSY), the parent company of Carmichael’s Cashway Pharmacy. Regional invests primarily in senior living and long-term care real estate projects.
SunLink will merge with Regional in exchange for a mix of Regional common and preferred stock. The merger is expected to close in the spring of 2025. The combined company will be based in Atlanta.
The team advising Regional included attorneys Paul Fancher, Brink Dickerson, Constance Brewster, Thomas Gray, Emily Schifter, and Sarah Hanna.