Mergers & Acquisitions ·
Selectis Health, Inc. completed a tender offer by Black Pearl Equities II to acquire all outstanding shares at $5.75…
GBCSSelectis Health, Inc.
Selectis Health, Inc. completed a tender offer by Black Pearl Equities II to acquire all outstanding shares at $5.75 per share in cash. The offer expired on August 31, 2026, with 2,789,027 shares (approximately 90.93% of outstanding stock) validly tendered. Black Pearl funded the approximately $17.6 million acquisition price and related expenses through an $18.2 million credit agreement with Milrose Capital and SCG Experts Corp., bearing interest at 5.0% per annum. Upon completion, Selectis will become a wholly owned subsidiary of Black Pearl, its shares will be delisted from the OTCQB market, and reporting obligations will terminate via Form 15. Concurrently, Lance Baller resigned as a director, Krystal Eckhart stepped down as Interim CEO (remaining as CFO), and Abraham Schwartz and Zalman Schapiro were appointed to the Board. Selectis Health operates skilled nursing, assisted living, and independent living facilities in Arkansas and Oklahoma.