Christopher Doucet's questions to SLTC leadership • Q1 2021
Question
Christopher Doucet inquired about Selectis Health's strategy for managing approximately $12 million in maturing mortgages and $3.7 million in other high-coupon debt, the extent of onetime charges in Q1, and recent census and occupancy trends.
Answer
CEO Lance Baller explained that maturing mortgages will be handled through a combination of HUD refinancing, lender extensions, and a liquidity event, without significant use of cash reserves. CFO Brandon Thall specified that onetime charges in Q1 amounted to approximately $450,000, driven by COVID-19 impacts, the reopening of the Park Place facility, and weather-related events. Lance Baller and COO Christopher Barker added that census declined from year-end due to COVID, with the Tulsa facility lagging in recovery while the Eastman facility is near 90% occupancy. They confirmed all facilities are currently COVID-free.