GBCS · Selectis Health, Inc.

Selectis Health, Inc. executed a strategic disposition of two skilled nursing facilities—Glen Eagle Healthcare and Rehab in Abbeville, Georgia and Eastman Healthcare and Rehab in Eastman, Georgia—on May 1, 2026. The transaction was structured through its wholly-owned subsidiaries as Sellers under a definitive Purchase and Sale Agreement dated March 5, 2026, subsequently amended twice to adjust closing logistics, deed requirements, and post-closing obligations related to property records. The $15.7 million aggregate purchase price reflects market-aligned valuation for two stabilized, licensed SNF assets totaling 201 beds. Net proceeds of approximately $9 million—after repayment of mortgage debt and other liabilities—represent meaningful liquidity generation, though $1.57 million remains in escrow pending resolution of potential indemnity claims, introducing modest contingent liability exposure. Critically, the concurrent Operations Transfer Agreement transferred all operational assets and responsibilities to new operator affiliates of the Purchasers without additional consideration, cleanly separating Selectis’ ongoing financial and operational exposure from the Facilities post-closing. The Sellers retained rights to pre-closing tenant receivables—including deferred amounts repayable after closing—preserving residual cash flow rights tied to historical operations. This disposition signals a portfolio rationalization strategy, reducing direct real estate and operational complexity while generating near-term capital. Given the scale relative to Selectis’ reported operations (two facilities representing a material portion of its physical asset base), the event carries high materiality for investors assessing capital allocation discipline, balance sheet flexibility, and future operating footprint.