#United States #New York #Acquisition #Black Pearl #Selectis Health

On September 1, 2026, Black Pearl Equities, an investment group based in New York, officially announced the successful completion of its tender offer aimed at acquiring all outstanding shares of Selectis Health, Inc. This transaction represents a pivotal move within the healthcare investment landscape. The tender offer, facilitated through one of Black Pearl's wholly-owned subsidiaries, was set at an attractive price of $5.75 per share in cash. The offer expired at 5:00 PM NY time on August 31, 2026. Upon expiration, a total of 2,789,027 shares were validly tendered and not withdrawn, which translates to approximately 90.93% of Selectis' outstanding shares. The substantial acceptance of the offer indicates a strong interest from shareholders, further strengthening Black Pearl's position in the healthcare market. Following this successful tender, Black Pearl intends to finalize the acquisition through a merger. This process will be executed without requiring a vote or meeting of Selectis' stockholders, in accordance with Section 16-10a-1108 of the Utah Revised Business Corporation Act. In this merger, any remaining shares of Selectis' common stock that were not included in the tender offer will be converted into an equivalent sum of $5.75 in cash per share. This operation will ensure that all shareholders benefit uniformly from the acquisition process. Once the merger is consummated, Selectis Health will officially operate as an indirect wholly-owned subsidiary of Black Pearl, thus integrating Selectis' operations entirely under the Black Pearl umbrella. Selectis Health stands as a notable player in the healthcare domain as it primarily focuses on acquiring, developing, and managing skilled nursing facilities, assisted living, and independent living facilities across Southern and Southeastern United States. Presently, the company operates eight distinct properties located in Arkansas and Oklahoma, providing essential post-acute and skilled nursing care, along with various living services to its residents, financially backed by Medicare, Medicaid, and private pay sources. Selectis remains committed to quality resident care and seeks further strategic growth opportunities within the expanding senior healthcare market.

The tender offer garnered attention from various quarters, not least due to its implications for future business operations. Black Pearl's strategic acquisition approach aims to foster synergies that could enhance operational efficiencies and care standards across the facilities managed by Selectis. Investor interest in this transaction has been amplified by the prospects of Black Pearl integrating Selectis' business practices to unlock new growth avenues and improve service delivery. As stakeholders continue to monitor the developments surrounding this acquisition, the information agent for the tender offer is Laurel Hill Advisory Group, while Broadridge Corporate Issuer Solutions, LLC serves as the depositary for the tender offer. Shareholders who have inquiries regarding the tender offer can contact Laurel Hill Advisory Group directly for assistance. In summary, the completion of this tender offer marks a significant milestone for Black Pearl Equities as it strives to position itself as a formidable entity in the healthcare investment sphere. As the finalization of the merger approaches, the future looks promising for both Black Pearl and Selectis Health as they navigate this merger's opportunities and challenges together.