SELECTIS HEALTH (GBCS) Company Report

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Earnings summaries and quarterly performance for SELECTIS HEALTH.

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Recent press releases and 8-K filings for GBCS.

Selectis Health Completes Sale of Georgia Facilities

GBCS

M&A

New Projects/Investments

Selectis Health, Inc. (GBCS) completed the sale of its Providence of Sparta Health & Rehab and Warrenton Health & Rehabilitation facilities in Georgia on January 15, 2026.
The two facilities were sold for an aggregate purchase price of $13,175,000, yielding approximately $5.4 million in net proceeds for the company after payments for senior mortgages, transaction costs, and a holdback.
The proceeds were utilized to settle title issues, redeem outstanding senior secured notes, reduce capital lines of credit, and retire a mortgage on another facility, with the remaining balance allocated to general working capital.
CEO Adam Desmond highlighted that the sale rightsizes the business, strengthens the balance sheet, and the company is actively engaged in discussions for additional strategic property sales.

Jan 23, 2026, 12:00 PM

Selectis Health, Inc. announces disposition of two skilled nursing facilities

GBCS

M&A

Selectis Health, Inc. announced the disposition of two skilled nursing facilities, the Sparta Facility and the Warrenton Facility, by its wholly-owned subsidiaries ATL/WARR, LLC and PROVIDENCE HR, LLC.
The facilities were sold to GA SNF SPARTA GA LLC and GA SNF WARRENTON GA LLC for an aggregate purchase price of $13.175 million.
A substantial portion of the net proceeds from the sale will be used to pay off existing debt obligations (including an existing facility mortgage and note obligations) and transaction costs, with the balance allocated for working capital.
The report includes unaudited pro forma condensed consolidated financial statements reflecting the transaction, with the statements of operations presented as if the disposition occurred on January 1, 2024, and the balance sheet as of September 30, 2025.

Jan 21, 2026, 10:16 PM

Selectis Health Announces Sale of Georgia Facilities and 2025 Developments

GBCS

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Selectis Health's subsidiaries executed a definitive Purchase and Sale Agreement to sell two Georgia facilities, Providence of Sparta Health & Rehab and Warrenton Health & Rehabilitation, for $13,175,000, with a target completion date of February 1, 2026.
The company anticipates that the transaction, if consummated, will strengthen its balance sheet, retire existing debt, and generate positive cash flow.
Selectis Health reported operational improvements in 2025, including an increase in occupancy rates at its Southern Hills facility from 55-61% in 2024 to 68-71% in 2025, and an increase in patients at its Park Place facility from 48 (1 skilled) on November 1, 2025, to 65 (10 skilled) as of December 9, 2025.
The company resolved $1,484,703.19 in outstanding Georgia bed taxes and had its common stock upgraded to the OTCQB in June 2025.