Regional Health Properties Inc. reported a loss of $3.2 million in its second quarter. That amounts to a loss of approximately 23 cents per share.
Overall revenue hit $5.3 for the three-month period. The Suwanee, GA-based real estate investment company focuses mostly on assisted living and skilled care properties.
“We continue to address operational and non-operational challenges,” interim CEO Brent Morrison said.
The firm has settled 25 professional and general liability lawsuits that stem from the company’s time as an owner-operator, according to executives. The firm now considers itself a property holding and leasing company.