# EDGAR Filing Document

**Accession Number:** 0001402258
**File Stem:** 0001193805-25-000905
**Filing Date:** 2025-6
**Character Count:** 13751
**Document Hash:** 8dff94bdb3553f0ca80504dcc4b87f61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193805-25-000905.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001193805-25-000905

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REGIONAL HEALTH PROPERTIES, INC
- **CENTRAL INDEX KEY:** 0001004724
- **STANDARD INDUSTRIAL CLASSIFICATION:** LESSORS OF REAL PROPERTY, NEC [6519]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 815166048
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-83967
- **FILM NUMBER:** 251056043

**BUSINESS ADDRESS:**
- **STREET 1:** 1050 CROWN POINTE PARKWAY
- **STREET 2:** SUITE 720
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30338
- **BUSINESS PHONE:** 678-869-5116

**MAIL ADDRESS:**
- **STREET 1:** 1050 CROWN POINTE PARKWAY
- **STREET 2:** SUITE 720
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30338

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADCARE HEALTH SYSTEMS, INC
- **DATE OF NAME CHANGE:** 20130530

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADCARE HEALTH SYSTEMS INC
- **DATE OF NAME CHANGE:** 19951208
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Frischer Charles L
- **CENTRAL INDEX KEY:** 0001402258

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 3156 EAST LAURELHURST DRIVE, NE
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Frischer Charles
- **DATE OF NAME CHANGE:** 20070607

## Ex-2

Charles L Frischer

3156 East Laurelhurst Drive, NE

Seattle, WA 98105

June 18, 2025

Board of Directors

Regional Health Properties, Inc.

1050 Crown Pointe Parkway

Suite #720

Atlanta, GA 30338

Dear Board of Directors:

I received a copy of an offer to purchase assets of Regional Health Properties, Inc. on May 14th. The offer was submitted to your Board on May 6, 2025. The purchaser is offering $4.00 per share in cash for all the common shares of Regional. Based upon my limited due diligence of the buyer, they seem incredibly credible. In real estate parlance, the buyer seems Ready, Willing and Able to transact.

The purchase offer describes how the buyer has significant financial resources and is prepared to move forward immediately on due diligence, with an purchase price which is a 99% premium to the purchase price as of May 15th. Let that sink in, a 99% premium to the current price of common stock and this is an all-cash transaction. The buyer is also a very experienced owner of skilled nursing facilities throughout the country.

The potential buyer has informed me that Brent Morrison, our CEO, is not willing to engage in negotiations on this offer and has rebuffed virtually all efforts to explore this very strong offer.

At this point the potential buyer has not even been provided with a standard confirmatory diligence package, which is necessary to facilitate this offer and requires no commitment or expenditure by the company.

It has now been over 40 days since you have received this offer and you have not moved forward with the potential acquirers or told your shareholders of this highly qualified offer.

The purchaser is willing to put up $1 million dollars into escrow upon the execution of a purchase contract and has requested a very standard 60-day due diligence period. The closing is proposed to be approximately 45 days after all licensure and regulatory approvals have been received.

Also, I understand that this offer was not solicited in anyway by Regional and therefore is not in

violation of any of terms of the existing agreement to merge the company with Sunlink Health Systems. The merger with Sunlink makes no business sense to me. The benefits of the merger are entirely unclear to me and as Regional's largest common and preferred shareholder, the merger appears to offer no credible benefits to shareholders. I currently own 7.4% of the common shares and 21.3% of the class B Preferred Shares.

I think we are quite fortunate that a buyer is willing to offer a price reflecting a 99% premium on the common share price, on an all-cash basis, and is not a merger with Sunlink, which I believe is of dubious value to Regional common shareholders.

While there are always things to be negotiated with a potential buyer, I understand that the CEO of Regional is not willing to even discuss the terms and conditions of this offer. The potential buyer has asked that I not publicly disclose their name and since you have a copy of the offe r, I am happy to abide by that request.

While I have no agreement either verbally or in writing with the buyer regarding my preferred shares, I believe I would be able to quickly reach an outcome with the buyer to acquire my preferred shares. While I have no agreement with the other preferred shareholders as well, they are a thoughtful group of investors who would likely reach a similar conclusion. This would likely occur during the first week or two of the due diligence period.

This appears to be an excellent offe r for the shareholders. I urge you to immediately begin negotiations with this buyer. The shareholders of Regional common deserve your attention to this offe r and I trust you will respect your fiduciary responsibility to the shareholders.

Sincerely,

Charles Frischer

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 13)**

**REGIONAL HEALTH PROPERTIES, INC.**

*(Name of Issuer)*

**Common Stock, no par value**

*(Title of Class of Securities)*

**75903M309**

*(CUSIP Number)*

**Charles L. Frischer**<br>3156 East Laurelhurst Drive<br>Seattle WA 98105<br>917-528-1465

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/18/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **75903M309** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Charles Frischer** | Name of reporting person<br>**Charles Frischer** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**157734.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**157734.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**157734.00** | Aggregate amount beneficially owned by each reporting person<br>**157734.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.4%** | Percent of class represented by amount in Row (11)<br>**7.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **75903M309** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Libby Frischer Family Partnership** | Name of reporting person<br>**Libby Frischer Family Partnership** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, no par value

**(b) Name of Issuer:**
REGIONAL HEALTH PROPERTIES, INC.

**(c) Address of Issuer's Principal Executive Offices:**
1050 Crown Pointe Parkway, Suite 720, Atlanta, GA, 30338

This Amendment No. 13 to Schedule 13D (this "Amendment") amends certain information contained in the Schedule 13D filed jointly by Charles Frischer and the Libby Frischer Family Partnership, a New York partnership, on January 26, 2018, as amended by Amendment No. 1 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on August 27, 2018, as amended by Amendment No. 2 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on December 3, 2018, as amended by Amendment No. 3 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on January 2, 2018, as amended by Amendment No. 4 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on December 4, 2019, as amended by Amendment No. 5 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on June 2, 2021, as amended by Amendment No. 6 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on July 1, 2021, as amended by Amendment No. 7 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on March 7, 2022, as amended by Amendment No. 8 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on December 7, 2022, as amended by Amendment No. 9 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on January 17, 2023, as amended by Amendment No. 10 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on June 20, 2023, as amended by Amendment No. 11 to Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on February 17, 2024, as amended by Amendment No. 12 to the Schedule 13D filed by Charles Frischer and the Libby Frischer Family Partnership on February 19, 2025 with respect to their interests in shares of 12.5% Series B Cumulative Redeemable Preferred Stock, no par value ("Series B Preferred Shares"), and Common Stock, no par value ("Common Shares"), of Regional Health Properties, Inc., a Georgia corporation (the "13D").  Capitalized terms used but not defined herein have the meanings ascribed to them in the 13D.

**Item 4. Purpose of Transaction**

Item 4 is amended as follows:

On June 18, 2025, Charles Frischer sent a letter to the Board of Directors of the Issuer (the "Board"), in response to an offer to purchase assets of the Issuer, submitted to the Board on May 6, 2025 (the "Purchase Offer").  In such letter, Mr. Frischer expressed his displeasure that Brent Morrison, the Chief Executive Officer of the Issuer has not engaged with the potential buyer regarding the Purchase Offer and urged the Board to begin negotiations relating to the Purchase Offer, as such offer reflects a 99% premium to the Common Share price.  A copy of Mr. Frischer's letter is attached as an Exhibit to this Amendment.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Charles Frischer

**Signature:** /s/ Charles Frischer

**Name/Title:** Charles Frischer

**Date:** 06/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Libby Frischer Family Partnership

**Signature:** /s/ Charles Frischer

**Name/Title:** Charles Frischer/General Partner

**Date:** 06/18/2025