The all-cash acquisition values Selectis Health at $5.75 per share, with a tender offer set to launch within 10 business days.
Black Pearl Equities will acquire Selectis Health (GBCS) in an all-cash transaction at $5.75 per share. The deal was announced Tuesday and reflects a premium to Selectis Health’s recent trading levels.
Selectis Health, a healthcare-focused company, has not disclosed prior acquisition offers or recent share price performance ahead of the announcement. The agreement follows a period of consolidation in the sector, with similar deals closing at modest premiums.
Black Pearl will initiate a tender offer within 10 business days to complete the acquisition, pending regulatory and shareholder approvals.