Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Healthcare · Services-General Medical & Surgical Hospitals, NEC

Regional Health Properties, Inc to acquire Sunlink Health Systems Inc

Announced Jan 6, 2025 · Closed Aug 14, 2025

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock

Transaction

Acquirer
Regional Health Properties, Inc (RHE)
Target
Sunlink Health Systems Inc (SSY)
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Closed Aug 14, 2025

Deal protections

Break fee (target pays)
—
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
—

Advisors

To the acquirer
Not disclosed
To the target
Not disclosed

Sector context · Healthcare

Comparable deals
95 in the prior 24 months
Premium
Sector median 67.0%
EV / Adj. EBITDA
Sector median 14.5x
Break fee
Sector median 3.5%

Timeline

  1. AnnouncedJan 6, 2025
  2. Proxy filedJun 25, 2025
  3. Definitive proxyJun 25, 2025
  4. Shareholder voteJul 29, 2025
  5. ClosedAug 14, 2025
Sources
  • 8-K (EX-99.1) · Jan 6, 2025

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.