SELECTIS HEALTH, INC. (GBCS): M&A transaction — Selectis Health sells two Georgia SNFs for $15.7M; net proceeds ~$9M

SELECTIS HEALTH, INC.

Sold Glen Eagle Healthcare (101-bed, Abbeville) and Eastman Healthcare (100-bed) to GA SNF entities.
Aggregate purchase price $15.7M; net proceeds after mortgage debt and liabilities ~$9M.
Additional $1.57M held in escrow; may be released to Sellers absent indemnity claims.
Sellers retain right to collect pre-closing tenant receivables, including deferred amounts.
Operations transferred to Purchaser's subsidiaries concurrently; no extra consideration paid.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

SELECTIS HEALTH, INC. completed a disposition involving GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC for $15.7 million aggregate purchase price, subject to prorations, holdbacks and adjustments; net proceeds approximately $9 million excluding $1.57 million escrows (closed 2026-05-01).

Action: disposition
Counterparty: GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC
Consideration: $15.7 million aggregate purchase price, subject to prorations, holdbacks and adjustments; net proceeds approximately $9 million excluding $1.57 million escrows
Closing: 2026-05-01

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 $15.7 million, subject to certain prorations, holdbacks and adjustments customary in transactions of this nature. Net proceeds received at closing, after payment of mortgage debt and other

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SELECTIS HEALTH, INC. filing history →

Source: SEC EDGAR

accession 0001493152-26-021783

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