Regional Health Properties, Inc. reported the successful transfer of operations on five of its facilities located in Ohio. The company completed, effective December 1, 2018, the operations transfer of four skilled nursing facilities and one assisted living facility located in Ohio pursuant to lease agreements signed with affiliates of MSTC Development, Inc. Management elected to transition the Ohio facilities to MSTC based on concerns of weak performance by the previous operator in addition to non-payment of rent. The new lease agreement was structured with lower rental rates initially but these rental payments will escalate based on facility occupancy. This structure enabled Regional Health Properties to attract a superior operator, and management expects MSTC will improve facility level operations significantly.