secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001493152-24-018515
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315224018515/0001493152-24-018515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315224018515/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018515

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