Selectis Health, Inc. entered into a Purchase and Sale Agreement effective March 5, 2026, for its subsidiaries to sell two skilled nursing facilities (Glen Eagle Healthcare and Rehab and Eastman Healthcare and Rehab) for $15,700,000, subject to customary conditions including due diligence. Concurrently, an Operations Transfer Agreement was executed to transfer operations to new operators upon PSA closing.
Key takeaways
Purchase and Sale Agreement (PSA) effective March 5, 2026, for sale of Glen Eagle Facility (101 beds, Abbeville, GA) and Eastman Facility (100 beds, Eastman, GA)
Sellers: Global Abbeville Property, LLC and Dodge NH, LLC (wholly-owned subsidiaries)
Purchasers: Abbeville Crossing Propco of Journey LLC and Eastman Trails Propco of Journey LLC
Purchase price: $15,700,000 subject to prorations, holdbacks, and adjustments
Initial Deposit: $157,000 within 2 business days; Additional Deposit: $157,000 post-due diligence
Operations Transfer Agreement (OTA) with Abbeville Crossing of Journey LLC and Eastman Trails of Journey LLC, contingent on PSA closing