---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021783"
form_type: "8-K"
ticker: "GBCS"
cik: "0000727346"
company_name: "SELECTIS HEALTH, INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:17:49.627499+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Selectis Health sells two Georgia SNFs for $15.7M; net proceeds ~$9M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-021783
- form_type: 8-K
- ticker: GBCS
- cik: 0000727346
- company_name: SELECTIS HEALTH, INC.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/727346/000149315226021783/0001493152-26-021783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/727346/000149315226021783/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021783
- JSON: https://secwatch.observer/filing/0001493152-26-021783.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021783.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/727346/000149315226021783/0001493152-26-021783-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.