Regional Health Properties, Inc. announced the sale of Coosa Valley Health and Rehab facility in Alabama for $10.6 million, resulting in a gain of $3.7 million. Debt of $4.9 million was repaid with cash proceeds of $4.7 million. The company plans to use the remaining funds for corporate purposes. The CEO expressed satisfaction with the competitive sales process and intends to create shareholder value with the new proceeds. Regional Health Properties, Inc. is a healthcare real estate investment company based in Atlanta, focusing on senior living and long-term care properties. The company’s forward-looking statements highlight its business strategy and financial performance expectations.

Read more at GlobeNewswire: Regional Health Properties, Inc. Reports Sale of Skilled