Mergers & Acquisitions ·
Black Pearl Equities completes $5.75/share acquisition of Selectis Health in cash merger
GBCSSelectis Health, Inc.
Selectis Health was acquired by Black Pearl Equities II via a merger with Tortuga Acquisition Sub, effective October 5, 2026. Shareholders received $5.75 per share in cash, totaling approximately $17.6 million. The transaction was funded by $18.2 million in term loans from Milrose Capital and SCG Experts Corp., which Selectis now owes at a fixed 5.0% interest rate maturing August 2031. Directors Clifford Neuman, Kent Lund, Richard Huebner, and Interim CFO Krystal Eckhart departed, replaced by Abraham Schwartz and Zalman Schapiro. The company's shares will cease trading on the OTCQB market as it prepares to deregister with the SEC. Selectis Health operates in the healthcare sector.