{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-043689","form_type":"8-K","ticker":"GBCS","cik":"0000727346","company_name":"SELECTIS HEALTH, INC.","filed_at":"2023-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.840320+00:00","generated_at":"2026-06-07T18:23:09.385499+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Selectis Health agrees to sell four Georgia skilled nursing facilities for $31M","bullets":["Sale of Warrenton, Eastman, Glen Eagle, and Sparta facilities for $31M aggregate consideration.","Purchaser placed $250,000 initial deposit; additional $250,000 due after due diligence.","Transaction to close after 45-day due diligence and regulatory approvals, subject to conditions.","Company will retain Archway Transitional Care in GA plus facilities in AR, OH, and OK.","Interim CEO cites attractive valuation and enhanced balance sheet flexibility from sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-043689","json":"https://secwatch.observer/filing/0001493152-23-043689.json","markdown":"https://secwatch.observer/filing/0001493152-23-043689.md","text":"https://secwatch.observer/filing/0001493152-23-043689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/0001493152-23-043689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:23:09.385499+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54c616363853f29a23619e91d56d0d25ed1005de","claim":"SELECTIS HEALTH, INC. entered into Operations Transfer Agreement with Glen Eagle Nursing and Rehabilitation LLC, Eastman Nursing and Rehabilitation LLC, Providence Nursing and Rehabilitation LLC, Warrenton Nursing and Rehabilitation LLC valued at Governs transfer of skilled nursing operations from Existing Operators to New Operators, contingent (effective 2023-11-30).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/0001493152-23-043689-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Glen Eagle Nursing and Rehabilitation LLC, Eastman Nursing and Rehabilitation LLC, Providence Nursing and Rehabilitation LLC, Warrenton Nursing and Rehabilitation LLC"},{"label":"Value","value":"Governs transfer of skilled nursing operations from Existing Operators to New Operators, contingent"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"},{"claim_id":"b7b52513a7a9bb1671ce05224e45409043a0eff5","claim":"SELECTIS HEALTH, INC. entered into Purchase and Sale Agreement with Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC, Warrenton Propco LLC valued at Purchase price $31.0 million for four skilled nursing facilities (effective 2023-11-30).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/0001493152-23-043689-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC, Warrenton Propco LLC"},{"label":"Value","value":"Purchase price $31.0 million for four skilled nursing facilities"},{"label":"Effective","value":"2023-11-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}