DENVER, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Selectis Health, Inc. ( GBCS ) ("Selectis" or the "Company") announced its wholly-owned subsidiaries, Providence HR, LLC and Atl/Warr, LLC (each a “Seller”), have completed the sale of 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. This sale was officially completed on January 15, 2026 and is the consummation of a definitive Purchase and Sale Agreement (the “PSA”) originally announced on December 9, 2025.

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 an aggregate purchase price of $13,175,000. After the payment of the senior mortgages, transaction costs and a $1.3 million holdback, the Company derived approximately $5.4 million in proceeds from this sale. From those proceeds, the Company has expended:

$475,000 to settle title issues$1.8 million to redeem outstanding senior secured notes$700,000 to reduce capital lines of credit used to pay accrued outstanding bed taxes on Sparta and Warrenton$700,000 to retire a mortgage on another facility that matured on December 30, 2025

The remaining balance of the proceeds will be used for general working capital.

Adam Desmond, CEO of Selectis Health ( GBCS ), stated “The completed sale of our Sparta and Warrenton facilities affirms our commitment to rightsizing our business and has allowed us to prioritize stability across our remaining facility portfolio. Our balance sheet continues to strengthen which we expect to improve our operating results moving forward. We are actively engaged in discussions around additional strategic property sales and we will continue to evaluate future opportunities to unlock shareholder value.”

Following this sale, 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

For more information on the transaction, please see the Company’s associated Form 8-K disclosure, filed on January 23, 2026.

About Selectis Health ( GBCS )

Selectis Health ( GBCS ) owns and/or operates healthcare facilities in Arkansas, Georgia, Ohio, and Oklahoma, providing a wide array of living services, speech, occupational, physical therapies, social services, and other rehabilitation and healthcare services. Selectis focuses on building strategic relationships with local communities in which its partnership can improve the quality of care for facility residents. With its focused growth strategy, Selectis intends to deepen its American Southcentral and Southeastern market presence to better serve the aging population along a full continuum of care.

For more information, please visit www.selectis.com.

Forward Looking Statements

This press release contains statements that plan for or anticipate the future. In this press release, forward-looking statements are generally identified by the words “anticipate,” “plan,” “believe,” “expect,” “estimate,” and the like. These forward-looking statements include, but are not limited to, statements regarding the following:

Although we believe that any forward-looking statements, we make in this press release are reasonable, because forward-looking statements involve future risks and uncertainties, there are factors that could cause actual results to differ materially from those expressed or implied. For example, a few of the uncertainties that could affect the accuracy of forward-looking statements, besides the specific factors identified above in the Risk Factors section of this press release, include:

Investor Relations Contact

Scott Liolios or Patrick Hall

Gateway Group, Inc.

(949) 574-3860

[email protected]

1 Leased facilities operated by third parties.

2 All located on the same campus in Tulsa, OK.

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Source: Selectis Health, Inc. ( GBCS )