secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001493152-23-043689
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/0001493152-23-043689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315223043689/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043689

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