# SELECTIS HEALTH, INC. (GBCS) — merger/definitive [pending]
Source: sec.gov · situation sit_e9c84b1880a15415489a · public 2857184022074637153 · retrieved 2026-08-20T13:52:57.613Z

## Overview
("Selectis" or "we" or 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 U.S. In 2019, the Company shifted from leasing long-term care facilities to third-party, independent operators towards an owner operator model.

Term Sheet On May 15, 2026, the Company and Parent entered into a non-binding term sheet (the " Term Sheet ") setting forth the principal terms of a proposed tender offer for all outstanding shares of Common Stock at a price of $6.25 per share in cash, subject to a minimum tender condition of 70% of outstanding shares and a top-up option to enable a short-form merger under Utah law.

## Key dates
- Announced 2026-07-13

## Timeline
- 2026-07-13 · SC 14D9 (0001493152-26-033068): SC 14D9 - SELECTIS HEALTH, INC. — *("Selectis" or "we" or 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 U.S. In 2019, the Company shifted from leasing long-term care facilities to third-party, independent operators towards an owner operator model.* Term Sheet On May 15, 2026, the Company and Parent entered into a non-binding term sheet (the " Term Sheet ") setting forth the principal terms of a proposed tender offer for all outstanding shares of Common Stock at a price of $6.25 per share in cash, subject to a minimum tender condition of 70% of outstanding shares and a top-up option to enable a short-form merger under Utah law.
  https://www.sec.gov/Archives/edgar/data/727346/0001493152-26-033068.txt

## Citations
- 0001493152-26-033068 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226033068