secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001493152-25-006371
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health signs $27M deal to sell four Georgia skilled nursing facilities
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- Purchase agreements cover Glen Eagle (101 beds), Eastman (100 beds), Sparta (71 beds), and Warrenton (110 beds).
- Aggregate purchase price $27.0M; $500k deposit placed into escrow with Landmark Abstract.
- Closing expected by May 1, 2025, subject to due diligence, regulatory approvals, and customary conditions.
- Operations transfer agreements also executed to transition operations to buyer-affiliated operators.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315225006371/0001493152-25-006371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315225006371/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-006371

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer