Selectis Health signs definitive agreement to sell Archway nursing facility for $6.75M

SELECTIS HEALTH, INC.

Wholly-owned subsidiary Goodwill Hunting, LLC (seller) entered PSA to sell Archway Property in Macon, GA to Bibb County Holdings II, LLC for $6.75M.
Purchaser has 45-day due diligence period from May 1, 2024; may terminate for any reason and receive $50,000 deposit refund.
Closing expected about 15 days after inspection period ends, subject to satisfaction of conditions.
Proceeds expected to enhance balance sheet and allow further portfolio optimization; company retains 11 other facilities across AR, GA, OH, OK.

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