Black Pearl Equities Completes Tender Offer for Selectis Health
NEW YORK, Sept. 1, 2026 /CourierPR/ -- Black Pearl Equities, a New York-based investment group, has completed its tender offer to acquire all outstanding shares of Selectis Health, Inc., a healthcare company operating in the South and Southeastern United States. The deal, valued at $5.75 per share, was executed through a wholly owned subsidiary of Black Pearl.
The tender offer, which expired at 5:00 p.m. New York City time on August 31, 2026, saw 2,789,027 shares tendered, representing approximately 90.93% of Selectis' outstanding shares. Black Pearl confirmed that the conditions of the tender offer were satisfied, and the company will proceed with paying for the tendered shares.
According to the terms of the acquisition, the remaining shares not purchased in the tender offer will be converted into the right to receive $5.75 in cash per share. The transaction is expected to be completed through a merger without a vote or meeting of Selectis' stockholders, following the Utah Revised Business Corporation Act. Upon completion, Selectis will become an indirect wholly owned subsidiary of Black Pearl.
Anthony Vitellozzi from Laurel Hill Advisory Group stated, "The successful completion of this tender offer marks a significant step forward for both Black Pearl and Selectis Health, Inc. This transaction aligns with our strategic vision for fostering growth and quality care delivery in the senior healthcare market."
Selectis Health, Inc., headquartered in Denver, Colorado, is a healthcare owner-operator that acquires, develops, and manages skilled nursing facilities, assisted living facilities, and independent living facilities. The company currently operates eight properties in Arkansas and Oklahoma, providing post-acute and skilled nursing care, assisted and independent living services, and continuing care retirement programs, with reimbursement sources including Medicare, Medicaid, and private pay arrangements.
Black Pearl Equities, headquartered in Brooklyn, New York, is a dynamic investment firm, advisory, and consultancy service strategically diversified across healthcare sectors.