Regional Health, SunLink Health get shareholder approval for merger
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Business Insider
a day ago
- Business Insider
Regional Health, SunLink Health get shareholder approval for merger
Regional Health Propertie and SunLink Health Systems (SSY) jointly announced today that, at special meetings of their respective shareholders each held on August 4, 2025, Regional shareholders and SunLink shareholders approved the merger of SunLink with and into Regional, with Regional as the surviving corporation pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of April 14, 2025, as amended, by and between Regional and SunLink. The SunLink shareholders also approved at their special meeting, on a non-binding advisory basis, the SunLink merger-related compensation proposal. The closing of the proposed merger remains subject to customary closing conditions. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Business Wire
a day ago
- Business Wire
Regional Health Properties, Inc. and SunLink Health Systems, Inc. Announce Receipt of Shareholder Approvals for Merger
ATLANTA--(BUSINESS WIRE)--Regional Health Properties, Inc. ('Regional') (OTCQB: RHEP) (OTCQB: RHEPA) and SunLink Health Systems, Inc. ('SunLink') (NYSE American: SSY) jointly announced today that, at special meetings of their respective shareholders each held on August 4, 2025, Regional shareholders and SunLink shareholders approved the merger of SunLink with and into Regional, with Regional as the surviving corporation pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of April 14, 2025, as amended, by and between Regional and SunLink. The SunLink shareholders also approved at their special meeting, on a non-binding advisory basis, the SunLink merger-related compensation proposal. The closing of the proposed merger remains subject to customary closing conditions. The Regional shareholders also approved at their special meeting the issuance of shares of Regional common stock, no par value, and Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares, no par value per share (the 'Series D Preferred Stock'), in connection with the merger. Descriptions of the Series D Preferred Stock were previously disclosed in Regional's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the 'SEC') on April 18, 2025, and included in Regional's joint proxy statement/prospectus filed with the SEC on June 25, 2025, as supplemented or amended. About Regional Health Properties, Inc. Regional Health Properties, Inc., headquartered in Atlanta, Georgia, is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care. For more information, visit About SunLink Health Systems, Inc. SunLink Health Systems, Inc., headquartered in Atlanta, Georgia, is the parent company of subsidiaries that own and operate Carmichael's Cashway Pharmacy. For more information, visit NO OFFER OR SOLICITATION Communications in this press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any proxy vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the 'Securities Act'). ADDITIONAL INFORMATION INVESTORS ARE URGED TO READ THE TENDER OFFER STATEMENT ON SCHEDULE TO FILED WITH THE SEC ON JULY 18, 2025 REGARDING A PROPOSED TENDER OFFER, AS WELL AS THE SCHEDULE 14D-9 FILED BY REGIONAL ON AUGUST 1, 2025 AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, TOGETHER WITH ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS, AS THEY WILL CONTAIN IMPORTANT INFORMATION. Forward-Looking Statements This press release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can often, but not always, be identified by the use of words like 'believe', 'continue', 'pattern', 'estimate', 'project', 'intend', 'anticipate', 'expect' and similar expressions or future or conditional verbs such as 'will', 'would', 'should', 'could', 'might', 'can', 'may', or similar expressions. These forward-looking statements include, but are not limited to, statements relating to the expected timing and benefits of the proposed merger between Regional and SunLink, including statements of Regional's goals, intentions and expectations; statements regarding Regional's business plan and growth strategies; and statements regarding the tender offer. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: the risk that the businesses of Regional and SunLink will not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; customer, vendor and employee relationships and business operations may be disrupted by the merger; the ability to obtain required regulatory approvals and the ability to complete the merger on the expected timeframe; the costs and effects of litigation and the possible unexpected or adverse outcomes of such litigation; the ability of Regional and SunLink to meet the initial or continued listing requirements or rules of the NYSE American LLC or the OTCQB, as applicable, and to maintain the listing or trading, as applicable, of securities thereon; possible changes in economic and business conditions; the impacts of epidemics, pandemics or other infectious disease outbreaks; the existence or exacerbation of general geopolitical instability and uncertainty; possible changes in monetary and fiscal policies, and laws and regulations; competitive factors in the healthcare industry; Regional's dependence on the operating success of its operators; the amount of, and Regional's ability to service, its indebtedness; covenants in Regional's debt agreements that may restrict its ability to make investments, incur additional indebtedness and refinance indebtedness on favorable terms; the effect of increasing healthcare regulation and enforcement on Regional's operators and the dependence of Regional's operators on reimbursement from governmental and other third-party payors; the relatively illiquid nature of real estate investments; the impact of litigation and rising insurance costs on the business of Regional's operators; the effect of Regional's operators declaring bankruptcy, becoming insolvent or failing to pay rent as due; the ability of any of Regional's operators in bankruptcy to reject unexpired lease obligations and to impede its ability to collect unpaid rent or interest during the pendency of a bankruptcy proceeding and retain security deposits for the debtor's obligations; Regional's ability to find replacement operators and the impact of unforeseen costs in acquiring new properties; and other risks and factors identified in (i) Regional's cautionary language included under the headings 'Statement Regarding Forward-Looking Statements' and 'Risk Factors' in the Regional Annual Report, and other documents subsequently filed by Regional with the SEC and (ii) SunLink's cautionary language included under the headings 'Forward-Looking Statements' and 'Risk Factors' in SunLink's Annual Report on Form 10-K for the year ended June 30, 2024, and other documents subsequently filed by SunLink with the SEC. These forward-looking statements speak only as of the date they are made and neither Regional nor SunLink undertake any obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this press release. In addition, Regional's and SunLink's past results of operations do not necessarily indicate either of their anticipated future results, whether the merger is effectuated or not.
Yahoo
2 days ago
- Yahoo
Saregama India Ltd (BOM:532163) Q1 2026 Earnings Call Highlights: Strong Music Growth Amid ...
Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Saregama India Ltd (BOM:532163) reported a 12% year-on-year growth in its music segment, with expectations of achieving 22-23% annual growth in the medium term. The company successfully released over 1,000 original and premium recreations across multiple languages, strengthening its music catalog. Saregama acquired the popular Haryanvi music catalog under Nav Records, enhancing its regional music offerings and YouTube presence. The company is focusing on artist management, adding 25 new influencers and artists, bringing the total to over 230, with a combined follower base of 200 million on Instagram and YouTube. Saregama is maintaining a strong financial position with a 32-33% EBITDA guidance and plans to invest aggressively in new music content to ensure long-term growth. Negative Points The quarter faced challenges due to the postponement of several major movie releases, impacting revenue. There was pressure on YouTube advertising revenue due to temporary stoppages during geopolitical tensions, affecting monetization. The video segment incurred a small loss due to limited releases, and the company remains cautious with its investments in this area. Working capital increased significantly, with inventory and receivables rising, which the company attributes to temporary factors. The transition from free to paid subscriptions in the music streaming industry is slower than anticipated, affecting revenue growth. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with BOM:532163. Q: What challenges is the music industry facing, particularly with YouTube and advertising? A: Vikram Mehra, Managing Director, explained that there are no significant headwinds on YouTube. The temporary advertising stoppage in May was due to the country's situation, affecting all media. Typically, Q1 is weaker for YouTube as advertising shifts to television during IPL. However, numbers normalized by June, and the views data indicates a healthy state. Q: Can you elaborate on the video segment's profitability and future outlook? A: Vikram Mehra stated that the video business should be viewed annually rather than quarterly due to release timing. The company follows a cautious investment approach, limiting capital employed in video and live segments to 18%. More titles are expected later in the year, and profitability is anticipated by year-end. Q: Why has the capital employed in the media vertical increased by 25% year-on-year? A: Vikram Mehra clarified that this is a temporary phenomenon, with numbers expected to normalize by Q2 or Q3. The increase is due to investments in exciting projects, and historically, capital employed has shown fluctuations. Q: What is the status of Pocket Aces' profitability, and when is it expected to turn profitable? A: Vikram Mehra assured that Pocket Aces will turn profitable by the end of the financial year. The focus is on improving revenue streams and building strong brands within Pocket Aces, including FilterCopy, Dice Media, and Gobble. Q: How is the shift to paid subscriptions progressing in the music industry? A: Vikram Mehra noted that while absolute numbers may not show steep growth due to the shutdown of free platforms, subscription revenue is growing. The transition to a paid economy is underway, with subscription becoming the primary consumption method in the next 4-6 quarters. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
