Selectis Health agrees to sell four Georgia skilled nursing facilities for $31M

Concurrently with the execution of the PSA, the Company caused the Existing Operators to execute an Operations Transfer Agreement (“ OTA ”) with four newly formed entities affiliated with the Purchasers, Glen Eagle Nursing and Rehabilitation LLC, Eastman Nursing and Rehabilitation LLC, Providence Nursing and Rehabilitation LLC and Warrenton Nursing and Rehabilitation LLC, each a Nevada limited liability company (each a “ New Operator ”).

ENTRY INTO DEFINITIVE MATERIAL AGREEMENTS Purchase and Sale Agreement Effective on November 30, 2023, Selectis Health, a Utah corporation (the “ Company ”) caused four of the Company’s wholly-owned subsidiaries Global Abbeville Property, LLC, Dodge NH, LLC, Providence HR, LLC and ATL/WARR, LLC, each a Georgia limited liability company (each a “ Seller ”), to execute and deliver a definitive Purchase and Sale Agreement (“ PSA ”) with four newly formed entities: Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC and Warrenton Propco LLC, each a Delaware limited liability company (each a “ Purchaser ”), pursuant to which each Seller agreed to sell substantially all of the real and personal property owned by each, namely the skilled nursing facilities located at 206 Main Street East, Abbeville, Georgia, 31001, upon which is located that certain 101-bed skilled nursing facility commonly known as “Glen Eagle Healthcare & Rehab” (the “ Glen Eagle Facility ”), 556 Chester Highway