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Friday, August 2, 2019

Regional Health sells 3 properties, extinguishes debt; up 55% premarket

Thinly traded nano cap Regional Health Properties (NYSEMKT:RHE) is up 55% premarket on light volume on the heels of its sale of three skilled nursing facilities to affiliates of MED Healthcare Partners LLC for $26.1M in cash. A fourth property will be sold by August 28.
RHE used the proceeds to repay $24.7M in debt secured by the four facilities.

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