Current Report Filing (8-k)
November 09 2018 - 5:18AM
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 6, 2018
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, Colorado 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)
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act
|
|
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
|
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
8.01
OTHER EVENTS
For
our property located in Abbeville, GA, Global Healthcare REIT, Inc, (the “Company”) previously entered into a management
agreement with Cadence Healthcare Solutions, LLC to operate the facility after expending approximately $1.0 million in capital
improvements. As part of the management agreement, the Company is responsible for funding the working capital deficits.
The
Abbeville facility passed its licensure survey and began admitting patients in June 2018 to begin the process to procure Medicare
and Medicaid certification. On November 6, 2018, the facility received notification that it is substantial compliance with the
long-term care requirements and was certified effective October 12, 2018. The Company expects the facility to receive its Medicare
and Medicaid billing numbers within the next 45 days, at which point, the facility will bill for care provided dating back to
its certification date. The Company expects the collection of revenues to substantially mitigate the facility’s current
working capital deficits. However, the facility needs to grow its census meaningfully to begin generating profits.
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.
|
Global
Healthcare REIT, Inc.
(Registrant)
|
|
|
|
Dated:
November 8, 2018
|
|
/s/
Zvi Rhine
|
|
|
Zvi
Rhine, President
|
Selectis Health (PK) (USOTC:GBCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Selectis Health (PK) (USOTC:GBCS)
Historical Stock Chart
From Jul 2023 to Jul 2024