secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0001493152-21-029118
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health reports Q3 2021 net loss of $0.06M vs net income of $0.46M a year ago; revenue up 15.8% to $7.32M
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- Net loss of $0.06M ($0.02 diluted EPS) vs net income of $0.46M ($0.15) in Q3 2020; revenue grew 15.8% to $7.32M.
- Completed $750K fund raise, 1-for-10 reverse stock split, and FINRA-approved rebranding to Selectis Health.
- Refinanced Southern Hills campus mortgage: $8.03M at 2.38% for 35 years.
- Non-cash impairment charge of $354,710 from lease terminations for Sparta and Warrenton, GA facilities.
- Park Place facility incurred $234K loss while awaiting CMS certification; certification now approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315221029118/0001493152-21-029118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315221029118/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-029118

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