SELECTIS HEALTH, INC. (GBCS): M&A transaction — Selectis Health sells Georgia skilled nursing facility for $6.75M, reduces debt

SELECTIS HEALTH, INC.

Sold Archway Transitional Care Center 1 in Macon, GA for $6.75M; buyer was lessee since 2016.
Proceeds reduced short-term debt by $150k and current maturities by $4.48M; cash increased $1.59M.
Pro forma net income attributable to common: $317.9k (Q1 2024) and $2.35M (FY23), vs. actual losses.
Sale closed June 18, 2024; PSA originally filed May 8, 2024 as Exhibit to prior 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SELECTIS HEALTH, INC. completed a disposition involving Bibb County Holdings II, LLC for $6.75 million (closed 2024-06-18).

Action: disposition
Counterparty: Bibb County Holdings II, LLC
Consideration: $6.75 million
Closing: 2024-06-18

Exact text from the filing

with the original Purchase and Sale Agreement (the “PSA”) executed on May 1, 2024, Bibb County Holdings II, LLC (the “Purchaser”) has purchased the Archway Property for $6.75 million. The sale was completed on June 18, 2024. A copy of the PSA was previously filed as an exhibit to the Company’s Current Report on Form 8-K dated May 1, 2024 and filed with

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SELECTIS HEALTH, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-025023

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