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Regional Health Properties Reports Fourth Quarter and Full-Year 2020 Financial Results
April 1, 2021 GMT
ATLANTA (BUSINESS WIRE) Apr 1, 2021
Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, reported results for the year ended December 31, 2020.
Business Update
Successfully transitioned two non-performing facilities affiliated with one operator, preliminary results for transitioned facilities for January and February 2021 very encouraging
Collected 91% of 2020 cash rent
Generated positive free cash flow from continuing operations for the fourth quarter and year ended December 31, 2020, despite covid-19 headwinds