secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001493152-26-003131
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Selectis Health sells two Georgia skilled nursing facilities for $13.175 million
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315226003131/0001493152-26-003131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315226003131/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-003131

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