SELECTIS HEALTH, INC. 8-K

What Happened
Selectis Health, Inc. (filed Form 8‑K on March 9, 2026) caused two of its wholly‑owned subsidiaries—Global Abbeville Property, LLC and Dodge NH, LLC—to execute a Purchase and Sale Agreement to sell substantially all real and personal property comprising two skilled nursing facilities in Georgia. The properties are the 101‑bed Glen Eagle Healthcare and Rehab at 206 Main Street E, Abbeville, GA, and the 100‑bed Eastman Healthcare and Rehab at 556 Chester Highway, Eastman, GA. Concurrently, the company’s operating subsidiaries (Global Abbeville, LLC and Global Eastman, LLC) executed Operations Transfer Agreements to transfer operations to newly formed affiliated operators if the sale closes.

Key Details

• Purchase price: $15,700,000, subject to customary prorations, holdbacks and adjustments.
• Facilities: Glen Eagle (101 beds) in Abbeville, GA; Eastman (100 beds) in Eastman, GA.
• Parties: Sellers — Global Abbeville Property, LLC and Dodge NH, LLC; Purchasers — Abbeville Crossing Propco of Journey LLC and Eastman Trails Propco of Journey LLC.
• Conditions: Consummation is contingent on due diligence, customary closing conditions and the OTA closing; the company states there can be no assurance the transactions will close.

Why It Matters
If completed, the transactions would transfer ownership of the two physical facilities and the related skilled‑nursing operations to third‑party purchasers/operators, removing these assets and operations from Selectis’s consolidated holdings. The $15.7M gross purchase price (subject to adjustments) is a concrete, material figure investors can monitor, but the deal remains contingent on due diligence and other conditions. Investors should watch for future filings (closing notices, amendments, or disclosures of proceeds use and holdbacks) to assess impacts on Selectis’s assets, revenues and operating structure.