ITEM 8.01 OTHER EVENTS
Global Healthcare REIT, Inc., a Utah corporation (the "Company") will be relying
on the Securities and Exchange Commission's Order under Section 36 of the
Securities Exchange Act of 1934 Granting Exemptions From Specified Provisions of
the Exchange Act and Certain Rules Thereunder dated March 4, 2020 (Release No.
34-88318) (the "Order") to delay the filing of its Annual Report on Form 10-K
for the year ended December 31, 2019 (the "Report") due to the circumstances
related to COVID-19. In particular, COVID-19 has caused severe disruptions in
transportation and limited access to the Company's facilities resulting in
limited support from its staff and professional advisors. This has, in turn,
delayed the Company's ability to complete its audit and prepare the Report.
Notwithstanding the foregoing, the Company expects to file the Report no later
than May 14, 2020 (which is 45 days from the Report's original filing deadline
of March 30, 2020).
In light of the current COVID-19 pandemic, the Company will be including the
following Risk Factor in its Report:
An occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations. The occurrence of an uncontrollable event such
as the COVID-19 pandemic may negatively affect our operations. A pandemic
typically results in social distancing, travel bans and quarantine, and this may
limit access to our facilities, customers, management, support staff and
professional advisors. These factors, in turn, may not only impact our
operations, financial condition and demand for our goods and services but our
overall ability to react timely to mitigate the impact of this event. Also, it
may hamper our efforts to comply with our filing obligations with the Securities
and Exchange Commission.
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