M&A
confidence high
sentiment positive
materiality 0.85
Selectis Health to be acquired by Black Pearl for $5.75 per share in cash
SELECTIS HEALTH, INC.
- Selectis Health stockholders to receive $5.75 per share in cash in acquisition by Black Pearl Equities affiliates.
- Transaction expected to close in Q3 2026, subject to 70% minimum tender condition, regulatory approvals, and customary conditions.
- No financing contingency: Purchaser has committed funds for the Offer and Merger.
- Board unanimously approved the merger; certain stockholders agreed to tender their shares under a Tender and Support Agreement.
- Termination fee of $400,000 payable by Selectis if it accepts a superior proposal.