An unknown buyer entered into agreement to acquire Eastman Healthcare And Rehab. Llc from Selectis Health, Inc. (OTCPK:GBCS) on November 30, 2023. In related transactions the buyer agreed to acquire Warrenton Healthcare & Rehabilitation, Glen Eagle Nursing and Rehabilitation, and Providence of Sparta Healthcare and Rehabilitation facilities for an aggregate consideration of $31 million.

The transaction is expected to close at least 45 days after (i) the completion of the due diligence period and (ii) obtaining the necessary regulatory approvals, on the first business day of the first calendar month after the last of these processes is complete.