secwatch.observer — SEC 8-K summary
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Issuer:     SELECTIS HEALTH, INC. (GBCS)
CIK:        0000727346
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001493152-26-021783
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/727346/000149315226021783/0001493152-26-021783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/727346/000149315226021783/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-021783

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