Selectis Health has agreed to be acquired by affiliates of Black Pearl Equities in an all-cash deal at $5.75 per share. Black Pearl will launch a tender offer for all outstanding shares at that price within ten business days, with the transaction expected to close in the third quarter of 2026. The merger, structured as a short-form merger under Utah law, requires at least 70% of shares to be tendered and is not subject to financing contingencies. Selectis' board unanimously approved the agreement, which provides shareholders with immediate cash value at a premium to recent trading levels; the stock closed Tuesday at $3.20.
Selectis Health shareholders receive $5.75 per share, a premium to the $3.20 closing price.
Black Pearl is acquiring Selectis Health at a premium, expanding its portfolio.