Core Insights - Selectis Health, Inc. has completed the sale of two nursing facilities in Georgia for a total of $13.18 million, which is part of a strategic effort to optimize its business operations and strengthen its balance sheet [1][2][3] Financial Summary - The sale of the Sparta and Warrenton facilities was finalized on January 15, 2026, with an aggregate purchase price of $13,175,000. After accounting for senior mortgages, transaction costs, and a $1.3 million holdback, the company received approximately $5.4 million in proceeds from the sale [2][3] - The proceeds from the sale will be allocated for general working capital, including settling title issues ($475,000), redeeming outstanding senior secured notes ($1.8 million), reducing capital lines of credit for bed taxes ($700,000), and retiring a mortgage on another facility ($700,000) [7] Strategic Focus - The CEO of Selectis Health emphasized that the sale aligns with the company's commitment to rightsizing its business and prioritizing stability across its remaining facilities. The company is also exploring additional strategic property sales to enhance shareholder value [3] - Following the sale, Selectis Health will continue to operate several facilities in Georgia, including Eastman Healthcare & Rehabilitation and Glen Eagle Nursing & Rehabilitation, maintaining a diverse portfolio across multiple states [3][6] Remaining Facilities Overview - The company’s remaining facilities include: - Barnes Healthcare Skilled & Rehabilitation Center (141 beds, AR) - Eastman Healthcare & Rehabilitation (100 beds, GA) - Glen Eagle Healthcare & Rehabilitation (100 beds, GA) - Meadowview Healthcare & Rehabilitation (99 beds, OH) - Higher Call Nursing Center (86 beds, OK) - Maple Healthcare & Rehabilitation (29 beds, OK) - Park Place Healthcare & Rehabilitation (106 beds, OK) - Southern Hills Assisted Living Facility (24 beds, OK) - Southern Hills Rehabilitation Center (106 beds, OK) - Southern Hills Retirement Community (90 beds, OK) [3][4]