Current Report Filing (8-k)
December 03 2019 - 11:33AM
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): November 21, 2019
GLOBAL
HEALTHCARE REIT, INC.
(Exact
Name of Registrant as Specified in its Charter)
Utah
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0-15415
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87-0340206
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(State
or other jurisdiction
of
incorporation)
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Commission
File
Number
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(I.R.S.
Employer
Identification
number)
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6800
N. 79th St., Ste. 200, Niwot, CO 80503
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (303) 449-2100
(Former
name or former address, if changed since last report)
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each Class
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Trading
Symbol
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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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
1.03 RECEIVERSHIP
ITEM
7.01 REGULATION FD DISCLOSURE
ITEM
8.01 OTHER EVENTS
On
November 21, 2019, the prior Temporary Restraining Order issued on October 19, 2019 at our Eastman, GA property, was superseded
by an Order Appointing Receiver requested by the Company’s subsidiary Dodge NH, LLC. Under the Order, a Receiver designated
by us and approved by the Court will oversee the operations at the facility. This Order will mitigate any potential disruption
to the facility’s ongoing operations in light of the various disputes between the Company and the former operator, Eastman
Healthcare & Rehab LLC, an affiliate of Cadence Healthcare Solutions, LLC. Over the coming months, the Company will evaluate
its best options to exit the receivership and transfer operations to a new operator under our control.
On
December 1, 2019, the Operations Transfer Agreement (“OTA”) between the receiver at our Southern Hills SNF and Southern
Hills Rehab Center, LLC, a wholly owned subsidiary of the Company, was deemed complete by the Oklahoma State Department of Health.
Southern Hills Rehab Center, LLC now holds the license for the 106 bed skilled nursing home and the Company will begin consolidating
operations onto its financial statements going forward.
SIGNATURE
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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Dated:
December 2, 2019
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/s/
Zvi Rhine
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Zvi
Rhine, President
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