Current Report Filing (8-k)
April 16 2019 - 3:39PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 12, 2019
GLOBAL
HEALTHCARE REIT, INC.
(Exact
Name of Registrant as Specified in its Charter)
Utah
|
|
0-15415
|
|
87-0340206
|
(State
or other jurisdiction
of
incorporation)
|
|
Commission
File Number
|
|
(I.R.S.
Employer
Identification number)
|
6800
N. 79
th
St., Ste. 200, Niwot, CO 80503
(Address of
principal executive offices)
Registrant’s
telephone number, including area code:
(303) 449-2100
(Former
name or former address, if changed since last report)
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act
|
[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
|
[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
|
[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
[ ]
ITEM
1.01
|
ENTRY
INTO A MATERIAL DEFINITIVE AGREEMENT
|
Effective
April 12, 2019, Global Quapaw, LLC (“Quapaw”), a newly formed wholly subsidiary of Global Healthcare REIT, Inc., (the
“Company”), signed a definitive Asset Purchase Agreement (the “Agreement’) pursuant to which Quapaw intends
to purchase a skilled nursing facility located at 407 Whitebird Avenue, Quapaw, Oklahoma 74363 consisting of 86 licensed beds
and commonly known as “Higher Call Nursing Center” (the “
Facility
”). The purchase price of the
Facility will be ONE MILLION THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,300,000.00) with ONE HUNDRED AND FIFTY THOUSAND and
NO/100 DOLLARS provided in the form of seller financing. The purchase and sale of the Facility is subject to numerous conditions,
including satisfactory due diligence, financing and other conditions customary in transactions of this nature. There can be no
assurance that the transaction will be consummated. A copy of the Agreement is filed herewith as Exhibit 10.1.
“We
anticipate signing a lease for this facility that will provide an attractive return on our capital while also yielding a comfortable
coverage ratio for the operator,” stated Zvi Rhine, Global’s President and Chief Financial Officer. “Higher
Call has been a 5-star facility for several years with a sterling reputation and we look forward to maintaining its high quality
of care.”
ITEM
9.01
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FINANCIAL
STATEMENTS AND EXHIBITS
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
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Global
Healthcare REIT, Inc.
(Registrant)
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|
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Dated:
April 16, 2019
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/s/
Zvi Rhine
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Zvi
Rhine, President
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