Current Report Filing (8-k)
August 14 2020 - 3:56PM
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): August 7, 2020
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.
[ ]
The
Company owns a skilled nursing facility located in Seville, Ohio that operates under the name Meadowview Health and Rehabilitation
Center (“Meadowview”). The Meadowview facility was leased to an operator MV Seville SNF, LLC, an affiliate of Infinity
Health Services. On April 7, 2020, the Meadowview facility was served with a Notice of Immediate Imposition of Remedies from the
Centers for Medicare and Medicaid Services (“CMS”), as well as a Notice of Imposition of Remedies by the Ohio Department
of Health (“ODH”) ordering the facility to relocate all residents no later than August 9, 2020. The actions of the
CMS and ODH were the result of ongoing operating deficiencies which the operator failed to cure. All residents of the Meadowview
facility were relocated by the August 9, 2020 deadline, and as a result the facility has been closed. The Company has not determined
what future courses of action may be required or appropriate.
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:
August 14, 2020
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/s/
Zvi Rhine
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Zvi
Rhine, President
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