BLACK PEARL COMMENCES TENDER OFFER FOR ALL OUTSTANDING SHARES OF SELECTIS HEALTH, INC.

Black Pearl Equities, a New York-based investment group, has initiated a tender offer to acquire all outstanding shares of Selectis Health, Inc. for $5.75 per share in cash. Announced on July 13, 2026, this transaction values Selectis at approximately $5.75 million and is contingent upon the valid tender of at least 70% of the company's outstanding shares. The tender offer is set to expire at 5:00 p.m. New York City time on August 10, 2026, unless extended.

Selectis Health, Inc. operates within the healthcare sector, focusing on the management and operation of skilled nursing facilities, assisted living facilities, and independent living facilities primarily in the South and Southeastern United States. The company currently manages eight properties in Arkansas and Oklahoma, providing essential services in a growing market characterized by an increasing demand for senior care. The acquisition by Black Pearl Equities is expected to enhance Selectis's operational capabilities and expand its footprint in the healthcare sector.

The strategic rationale behind Black Pearl's acquisition of Selectis lies in the growing demand for healthcare services, particularly in the senior living segment. As the population ages, the need for skilled nursing and assisted living facilities is projected to rise significantly. By acquiring Selectis, Black Pearl aims to capitalize on this trend, leveraging its investment expertise to optimize operations and potentially expand the company's portfolio of healthcare facilities.

The completion of the tender offer is subject to customary closing conditions, including regulatory approvals and the tender of the required percentage of shares. Following the successful completion of the tender offer, Black Pearl plans to merge a wholly-owned subsidiary into Selectis, converting any remaining shares into cash at the same offer price. This streamlined approach is designed to minimize the need for a stockholder vote, expediting the acquisition process.

The broader implications of this transaction reflect ongoing consolidation trends within the healthcare sector, particularly in the senior living space. As investment groups seek to enhance their portfolios in a market driven by demographic shifts, similar transactions are likely to emerge. The successful execution of this tender offer may set a precedent for future acquisitions, highlighting the attractiveness of healthcare investments amid evolving market dynamics.