Core Insights - Selectis Health, Inc. has executed a definitive Purchase and Sale Agreement to sell two skilled nursing facilities in Georgia for $13.18 million, with a target completion date of February 1, 2026 [1][3] Group 1: Transaction Details - The properties sold include Providence of Sparta Health & Rehab and Warrenton Health & Rehabilitation, purchased by Journey Propco LLC entities for $13,175,000, subject to customary adjustments [1] - Following the transaction, Selectis will continue to operate existing facilities in Georgia, including Eastman Healthcare & Rehabilitation and Glen Eagle Nursing & Rehabilitation [2] Group 2: Operational Improvements - The CEO highlighted that the sale reflects operational improvements and aims to strengthen the company's balance sheet, retire debt, and generate positive cash flow [3] - Significant improvements in occupancy rates were noted at the Southern Hills facility, increasing from 55-61% in 2024 to 68-71% in 2025, alongside enhanced service quality [4] - At the Park Place facility, patient numbers increased from 48 to 65, with skilled patients rising from 1 to 10, indicating improved occupancy and quality [5] Group 3: Quality Measurement and Compliance - The company has seen improvements in CMS quality measurement ratings across its facilities, reflecting better regulatory compliance and resident outcomes [6] - The resolution of outstanding bed taxes in Georgia, amounting to $1,484,703.19, has also contributed to improved cash flow [7] Group 4: Strategic Growth and Market Presence - Selectis Health upgraded its common stock to OTCQB in June 2025, enhancing visibility and liquidity [8] - The company aims to deepen its market presence in the Southcentral and Southeastern U.S. to better serve the aging population [9]