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Selectis Health Enters Definitive Purchase and Sale Agreement for Sparta and Warrenton Transitional Care Facilities in Georgia, capping a strong organizational finish to 2025
Selectis Health Enters Definitive Purchase and Sale Agreement for Sparta and Warrenton Transitional Care Facilities in Georgia, capping a strong organizational finish to 2025.
About this update from Selectis Health,inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Selectis Health Enters Definitive Purchase and Sale Agreement for Sparta and Warrenton Transitional Care Facilities in Georgia, capping a strong organizational finish to 2025\r\n \r\n \r\n\r\n\r\nSelectis Health Enters Definitive Purchase and Sale Agreement for Sparta and Warrenton Transitional Care Facilities in Georgia, capping a strong organizational finish to 2025\r\n\r\n\r\n\r\n\r\n\r\n- Sparta and Warrenton Nursing Facilities and Related Property Sold for $13.18 Million -- Selectis Recaps 2025 Developments and Organizational Outlook - DENVER, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Selectis Health, Inc. (OTC: GBCS) (\"Selectis\" or the \"Company\") announced that its wholly-owned subsidiaries, Providence HR, LLC and Atl/Warr, LLC (each a “Seller”), has executed and delivered a definitive Purchase and Sale Agreement (the “PSA”) to sell two properties located in Georgia, including the skilled nursing facilities known as Providence of Sparta Health & Rehab (collectively, “the Sparta Facility”), located in Sparta, Georgia, as well as Warrenton Health & Rehabilitation (collectively, “the Warrenton Facility”), located in Warrenton, Georgia. Pursuant to the PSA, The Woods at Sparta of Journey Propco LLC (the “Sparta Facility Purchaser”) and Warrenton Woods of Journey Propco LLC (the “Warrenton Facility Purchaser”) has purchased the two facilities for $13,175,000, subject to certain prorations, holdbacks, and adjustments customary in transactions of this nature. Subject to closing conditions, February 1, 2026 is the target date for deal completion. Following completion of the transaction, the Company and its wholly owned affiliates will continue to own and operate existing facilities in the state of Georgia. This includes the Eastman Healthcare & Rehabilitation and Glen Eagle Nursing & Rehabilitation facilities. The Company’s total remaining footprint is summarized below: Remaining Facilities Post-Transaction \r\n \r\n Facility\r\n Beds\r\n Facility Type\r\n State\r\n \r\n \r\n Barnes Healthcare Skilled & Rehabilitation Center1\r\n 141\r\n Skilled Nursing\r\n AR\r\n \r\n \r\n Eastman Healthcare & Rehabilitation\r\n 100\r\n Skilled Nursing\r\n GA\r\n \r\n \r\n Glen Eagle Healthcare & Rehabilitation\r\n...