GLOBAL HEALTHCARE REIT, INC. (OTCMKTS:GBCS) Files An 8-K Entry into a Material Definitive Agreement
Effective August 6, 2019, Global Healthcare REIT, Inc. (the “Company”) purchased the commercial note held by F&M Bank and made by the Receivership Estate of Healthcare Management of Oklahoma LLC, (“HMO”) as debtor, in the principal amount of $694,608.82 (“F&M Note”). This purchase was made to facilitate the termination of the Receivership and transfer of the HMO assets and operations, subject to the approval of the Oklahoma Department of Health, to Southern Hills Rehab Center, LLC, a wholly-owned subsidiary of the Company. A copy of the Loan Document Purchase and Assignment Agreement is filed herewith as Exhibit 10.1
GLOBAL HEALTHCARE REIT, INC. Exhibit
EX-10.1 2 ex10-1.htm LOAN DOCUMENT PURCHASE AND ASSIGNMENT AGREEMENT THIS LOAN DOCUMENT PURCHASE AND ASSIGNMENT AGREEMENT (the “Agreement”),…
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About GLOBAL HEALTHCARE REIT, INC. (OTCMKTS:GBCS)
Global Healthcare REIT, Inc. operates as a real estate investment trust (REIT) for the purpose of investing in real estate and other assets related to the healthcare industry. The Company acquires, develops, leases, manages and disposes of healthcare real estate, and provides financing to healthcare providers. The Company owns approximately nine healthcare properties, which are leased to third-party operators under triple-net operating terms. The Company’s approximately nine assisted-living facilities include Middle GA Nursing Home; Warrenton Nursing Home (Warrenton); Southern Hills Retirement Center; Goodwill Nursing Home; Edwards Redeemer Health & Rehab; Providence of Sparta Nursing Home; Providence of Greene Point Healthcare Center; Meadowview Healthcare Center, and Golden Years Manor Nursing Home. The Company’s Southern Hills Retirement Center consists of an Assisted Living facility (ALF), an Independent Living facility (ILF) and a Skilled Nursing facility (SNF).
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