Exhibit 99.1

Regional Health Properties Reports Second Quarter 2020 Financial Results

ATLANTA, GA, August 20, 2020 — Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, reported results for the quarter ended June 30, 2020.

Brent Morrison, Regional Health Properties’ Chief Executive Officer, stated “Our operators continue to perform well in light of navigating through a healthcare crisis. The Federal Government has provided nursing home operators with much needed stimulus to weather the operating headwinds brought on by the COVID-19 pandemic. We appreciate the hard work from our operators and intend to work with them until the operating environment goes back to normal.”

See the Company’s recently filed Form 10-Q for additional details on the current and potential impact of COVID-19 on the business.

Clinton Cain, our former Senior Vice President and Interim Chief Financial Officer, resigned from all of his positions at the company. He has agreed to continue serving the company in a consulting role to facilitate a smooth transition as we identify the next finance executive for Regional Health Properties. Mr. Morrison added, “Clinton served our company well over the last nine years in a variety of financial and leadership roles. On behalf of the board, I want to thank him for his financial stewardship and many significant contributions during his tenure. We wish him all the best.”

Management periodically monitors a number of facility performance metrics, including rent coverages both before and after management fees. For the 12 months ended June 30, 2020, the Company’s portfolio rent coverage before management fees was 1.55x and rent coverage after management fees was 1.20x. Occupancy and skilled mix for the Company’s portfolio were 75.1% and 28.0% respectively, for the 12 months ended June 30, 2020. These data exclude the impact of three managed facilities located in Ohio.

Summary of Financial Results for the Three Months Ended June 30, 2020

Total revenues in the second quarter of 2020 decreased 14.4% to $4.5 million, from $5.3 million in the second quarter of 2019. The decrease is a result of four facilities sold during the third quarter of 2019. The Company generally recognizes all rental revenues on a straight-line rent accrual basis.

General and administrative costs decreased 20.2%, to $0.7 million for the three months ended June 30, 2020, compared to $0.9 million for the same period in 2019. For both the current and prior year periods, general and administrative costs include minimal stock-based compensation expense.

Interest expense decreased by $1.0 million, or 60.3%, to $0.7 million for the second quarter of 2020 compared to $1.7 million for the same period in 2019. The decrease is mainly due to the payoff of the Pinecone and Congressional Bank loans in the third quarter of 2019.

Net loss attributable to Regional Health Properties, Inc.’s common stockholders in the second quarter of 2020 was $1.8 million, or $1.09 per basic and diluted share, compared to a net loss of $3.5 million, or $2.07 per basic and diluted share in the prior year period.

Cash at June 30, 2020, totaled $4.3 million compared to $4.4 million at December 31, 2019. Restricted cash at June 30, 2020, totaled $2.9 million compared to $3.7 million at December 31, 2019. Total debt outstanding at June 30, 2020 amounted to $55.1 million compared to $55.4 million at December 31, 2019 (net of $1.3 million and $1.4 million of deferred financing costs at June 30, 2020 and December 31, 2019, respectively). 

About Regional Health Properties

Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA) is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions.

Regional currently owns, leases or manages for third parties 24 facilities (12 of which are owned by Regional, nine of which are leased by Regional and three of which are managed by Regional for third parties).

For more information, visit www.regionalhealthproperties.com.

Important Cautions Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “expects,” “intends,” “believes,” “anticipates,” “plans,” “likely,” “will,” “seeks,” “estimates” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements in this press release regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements.

Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those projected or contemplated by our forward-looking statements due to various factors, including, among others: our dependence on the operating success of our operators; the significant amount of, and our ability to service, our indebtedness; covenants in our debt agreements that may restrict our ability to make investments, incur additional indebtedness and refinance indebtedness on favorable terms; the availability and cost of capital; our ability to raise capital through equity and debt financings or through the sale of assets; the effect of increasing healthcare regulation and enforcement on our operators and the dependence of our 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 our operators; the impact on us of litigation relating to our prior operation of our healthcare properties; the effect of our operators declaring bankruptcy, becoming insolvent or failing to pay rent as due; the ability of any of our operators in bankruptcy to reject unexpired lease obligations and to impede our ability to collect unpaid rent or interest during the pendency of a bankruptcy proceeding and retain security deposits for the debtor’s obligations; our ability to find replacement operators and the impact of unforeseen costs in acquiring new properties; the impact of COVID-19 on our business and the business of our operators, including without limitation, the extent and duration of the COVID-19 pandemic, increased costs experienced by our operators in connection therewith, and the extent to which government support may be available to our operators to offset such costs and the conditions related thereto; and other factors discussed from time to time in our news releases, public statements and documents filed by us with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on

Form 8-K. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein, to reflect any change in our expectations with regard thereto or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required by applicable law.  

REGIONAL HEALTH PROPERTIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

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REGIONAL HEALTH PROPERTIES, INC. AND SUBSIDIARIES

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REGIONAL HEALTH PROPERTIES, INC. AND SUBSIDIARIES

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