SELECTIS HEALTH, INC. (GBCS): M&A transaction — Selectis Health sells two Georgia skilled nursing facilities for $13.175 million

SELECTIS HEALTH, INC.

Sold Sparta (71-bed) and Warrenton (110-bed) facilities for aggregate $13.175M; escrow of $1.3M.
Net cash proceeds ~$12.8M used to repay mortgage ($5.8M), other debt, transaction costs; balance for working capital.
Pro forma net loss attributable to common: $(654)K for nine months Sep 30, 2025 (vs historical $(242)K); $(1.79)M for FY 2024 (vs $(2.45)M).
Pro forma total assets $34.5M, debt reduced to $24.5M from $30.3M; stockholders' equity becomes positive $3.0M.

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 GA SNF SPARTA GA LLC and GA SNF WARRENTON GA LLC for $13.175 million (closed 2026-01-15).

Action: disposition
Counterparty: GA SNF SPARTA GA LLC and GA SNF WARRENTON GA LLC
Consideration: $13.175 million
Closing: 2026-01-15

Exact text from the filing

Facility” and together with the Sparta Facility, the “Facilities”). The purchase price to be paid by Purchaser for the two (2) Facilities under the PSA. was an aggregate of $13.175 million, subject to certain prorations, holdbacks and adjustments customary in transactions of this nature. The Purchaser had a balance of $1.3 million of escrow established at closing,

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SELECTIS HEALTH, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-003131

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