false 0000727346 0000727346 2024-05-01 2024-05-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 1, 2024

 

SELECTIS HEALTH, INC.
(Exact Name of Registrant as Specified in its Charter)

 

Utah   0-15415   87-0340206
(State or other jurisdiction
 of incorporation)		   Commission File
Number		   (I.R.S. Employer Identification
number)

 

8480 E. Orchard Road, Ste. 4900, Greenwood Village, CO 80111

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (720) 680-0808

 

(Former name or former address, if changed since last report)

 

☐ Written communications pursuant to Rule 425 under the Securities Act
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each Class   Trading Symbol   Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

ITEM 1.01ENTRY INTO DEFINITIVE MATERIAL AGREEMENTS

 

Purchase and Sale Agreement

 

On May 1, 2024, Selectis Health, Inc., a Utah corporation (the “Company”) caused its wholly-owned subsidiary Goodwill Hunting, LLC, a Georgia limited liability company (“Seller”) to execute and deliver a definitive Purchase and Sale Agreement (“PSA”) with Bibb County Holdings II, LLC, a Georgia limited liability company (“Purchaser”); pursuant to which the Seller agreed to sell certain real property located in Macon, Bibb County, Georgia identified as Bibb County Tax Parcels P1030040, P1030254, P1030253, P1030043, P1030052, and P1030252 including that certain skilled nursing facility known as “Archway Transitional Care Center” located at 4373 Houston Avenue, Macon, Bibb County, 31206 (the “Archway Property”).

 

The purchase price to be paid by Purchaser for the Archway Property is Six Million Seven Hundred Fifty Thousand Dollars ($6,750,000), subject to certain prorations, holdbacks and adjustments customary in transactions of this nature.

 

Consummation of the PSA is contingent upon satisfactory completion of certain conditions customary in transactions of this nature. There can be no assurance that the PSA will be consummated.

 

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

 

  10.1 Purchase and Sale Agreement

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    Selectis Health, Inc.
(Registrant)
       
  Dated: May 8, 2024   /s/ Adam Desmond
      Adam Desmond, Interim CEO

 

 

 

 

 

Exhibits 10.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

v3.24.1.u1
Cover
May 01, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 01, 2024
Entity File Number 0-15415
Entity Registrant Name SELECTIS HEALTH, INC.
Entity Central Index Key 0000727346
Entity Tax Identification Number 87-0340206
Entity Incorporation, State or Country Code UT
Entity Address, Address Line One 8480 E. Orchard Road
Entity Address, Address Line Two Ste. 4900
Entity Address, City or Town Greenwood Village
Entity Address, State or Province CO
Entity Address, Postal Zip Code 80111
City Area Code (720)
Local Phone Number 680-0808
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Selectis Health (PK) (USOTC:GBCS)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Selectis Health (PK) Charts.
Selectis Health (PK) (USOTC:GBCS)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Selectis Health (PK) Charts.