m_and_a
confidence high
sentiment neutral
materiality 0.70
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.
item 2.01item 9.01