---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018515"
form_type: "8-K"
ticker: "GBCS"
cik: "0000727346"
company_name: "SELECTIS HEALTH, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:35:41.427126+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-018515
- form_type: 8-K
- ticker: GBCS
- cik: 0000727346
- company_name: SELECTIS HEALTH, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727346/000149315224018515/0001493152-24-018515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727346/000149315224018515/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018515
- JSON: https://secwatch.observer/filing/0001493152-24-018515.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018515.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.