03:46 AM EST, 11/12/2024 (MT Newswires) -- Regional Health Properties ( RHE/PA ) said late Monday that it has received a notice that the New York Stock Exchange has decided to commence delisting proceedings against the company's stock.

The stock exchange has determined that the company is no longer suitable for listing as it has been unable to show that it has regained compliance with rules during an 18-month maximum period, which ended Sunday, the company said.

The company said it has a right to review the determination and intends to appeal the ruling.

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