---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-025023"
form_type: "8-K"
ticker: "GBCS"
cik: "0000727346"
company_name: "SELECTIS HEALTH, INC."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:21:04.620912+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Selectis Health sells Georgia skilled nursing facility for $6.75M, reduces debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-025023
- form_type: 8-K
- ticker: GBCS
- cik: 0000727346
- company_name: SELECTIS HEALTH, INC.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727346/000149315224025023/0001493152-24-025023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727346/000149315224025023/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-025023
- JSON: https://secwatch.observer/filing/0001493152-24-025023.json
- Plain text: https://secwatch.observer/filing/0001493152-24-025023.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/727346/000149315224025023/0001493152-24-025023-index.htm

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