secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001493152-24-025023
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315224025023/0001493152-24-025023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315224025023/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025023

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