Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC and Warrenton Propco LLC entered into an agreement to acquire Providence of Sparta Healthcare & Rehabilitation from Selectis Health, Inc. for $2.7 million.
December 04, 2023
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Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC and Warrenton Propco LLC entered into an agreement to acquire Providence of Sparta Healthcare & Rehabilitation from Selectis Health, Inc. (OTCPK:GBCS) for $2.7 million on November 30, 2023. The transaction is expected to close at least 45 days after the completion of the due diligence period and obtaining the necessary regulatory approvals, on the first business day of the first calendar month after the last of these processes is complete. David Gordon of Polsinelli PC acted as legal advisor to Selectis Health, Inc. Edward H. Burnbaum of NBC Law LLC acted as legal advisor to Care Network Health Services.
Selectis Health, Inc. acquires, develops, leases, manages, and disposes of healthcare real estate, provides financing to healthcare providers, and provides healthcare operations through its wholly owned subsidiaries. Its portfolio is comprised of investments in three healthcare segments: senior housing, including independent and assisted living, and post-acute/skilled nursing facilities. The Company owns and operates, through wholly owned subsidiaries, Assisted Living Facilities, Independent Living Facilities, and Skilled Nursing Facilities across the South and Southeastern portions of the United States. Assisted Living Facilities are licensed care facilities that provide personal care services, support, and housing for those who need help with activities of daily living yet require limited medical care. Independent Living Facilities are designed to meet the needs of seniors who choose to live in an environment surrounded by their peers.
Glen Eagle Propco LLC, Eastman Propco LLC, Providence Propco LLC and Warrenton Propco LLC entered into an agreement to acquire Providence of Sparta Healthcare & Rehabilitation from Selectis Health, Inc. for $2.7 million.
SELECTIS HEALTH, INC. 
