DivestmentMay 7, 2026, 05:32 PM
Selectis Health Sells Two Skilled Nursing Facilities for $15.7M
AI Summary
Selectis Health, Inc. announced that its wholly-owned subsidiaries completed the disposition of two skilled nursing facilities, Glen Eagle Healthcare and Rehab and Eastman Healthcare and Rehab. The facilities were sold for an aggregate purchase price of $15.7 million. After accounting for mortgage debt and other liabilities, the company received approximately $9 million in net proceeds at closing, with an additional $1.57 million held in escrows. Concurrently, the operations of these facilities were transferred to new operators.
Key Highlights
- Selectis Health subsidiaries sold two skilled nursing facilities: Glen Eagle Healthcare and Rehab (101-bed) and Eastman Healthcare and Rehab (100-bed).
- The aggregate purchase price for the two facilities was $15.7 million.
- Net proceeds received at closing, after debt repayment and liabilities, were approximately $9 million.
- An additional $1.57 million was established in escrows at closing, potentially releasable to sellers.
- Controlled lease operators of the facilities concurrently transferred all assets and operations to new operators.