How can extract just the text from a rich text field?

I have a rich text field that looks like below (a snip from it)

If(
[Rejected/Cancelled]=true, "<div style=\"font-weight:bold; font-size:14px;padding-left: 5px;padding-right: 5px; padding-top: 10px;padding-bottom: 10px; text-align: center; background-color:#f5fca2;\"> Rejected/Cancelled</div>",

[Approval Not Required]=true,"<div style=\"font-weight:bold; font-size:14px;background-color:#4E6EC19;\"> No Approval Required</div>",

[Most Recent Admin Final Approval]="Approved","<div style=\"font-weight:bold; font-size:14px;padding-left: 5px;padding-right: 5px; text-align: center;background-color:#4FB770;\"> Sent to AP for Processing</div>".....etc)

I need the actual text (ie 'Reject/Cancelled, No Approval Required, etc) extracted for form rules and other reasons.

However, if I mirror the field as a test to see what QB sees, an example of the result is:

<div style="font-weight:bold; font-size:14px;padding-left: 5px;padding-right: 5px; text-align: center;color:black; background-color:#E74C3C;"> Manager Sign & Approve</div>

Essentially, it shows literally what is in the Rich Text field. Is my only option to duplicate the field exactly, but remove the formatting? I was hoping I can reference the field in some way, so that if I change my if/then rules in the future, I don't have to change them in two spots. Any sneaky way to reference a Rich Text field and have it return only the text?