Selectis Health, Inc. owns and operates assisted living facilities independent living facilities and skilled nursing facilities across the South and Southeastern United States. The company acquires develops leases and manages healthcare real estate provides financing to healthcare providers and delivers healthcare operations through its wholly owned subsidiaries. Its portfolio focuses on senior housing and post acute skilled nursing services. In 2019 the company transitioned…
Selectis Health, Inc. owns and operates assisted living facilities independent living facilities and skilled nursing facilities across the South and Southeastern United States. The company acquires develops leases and manages healthcare real estate provides financing to healthcare providers and delivers healthcare operations through its wholly owned subsidiaries. Its portfolio focuses on senior housing and post acute skilled nursing services. In 2019 the company transitioned from leasing facilities to third party operators to an owner operator model whereby it directly manages the operations of its facilities.
Selectis Health generates revenue from multiple sources including rental income from triple net leases, fees from operating assisted living independent living and skilled nursing facilities, interest income from debt investments such as mezzanine loans, and gains from property developments and redevelopments. The company also earns revenue through investments structured under the Housing and Economic Recovery Act of 2008 (RIDEA) and from direct ownership of healthcare operations where it receives payments from private pay residents Medicare Medicaid and managed care contracts. RIDEA investments allow the company to partner with healthcare operators while retaining ownership of the underlying real estate and sharing in the operating profits.
The company operates through the following segments.
• Senior Housing: This segment includes independent living and assisted living facilities that provide housing housekeeping meals activities and personal care services for seniors who need help with activities of daily living but do not require extensive medical care.
• Post acute skilled nursing: This segment provides restorative rehabilitative and custodial nursing care along with ancillary services such as occupational physical speech respiratory intravenous therapy wound care oncology treatment brain injury care orthopedic therapy and pharmaceutical sales for patients requiring more intensive medical attention.
Selectis Health competes in a highly competitive healthcare real estate sector that includes REITs private equity firms hedge funds sovereign funds healthcare operators lenders and developers. The company differentiates itself through its focus on quality healthcare for residents, an opportunistic investment approach, a diversified portfolio by asset type geography and operator, and a conservative financing strategy that emphasizes fixed rate debt with staggered maturities. These strengths enable Selectis Health to attract investment opportunities while managing risk in a regulated environment.
The company serves seniors residing in assisted living independent living and skilled nursing facilities whose care is funded by private pay residents, Medicare, Medicaid, private insurance, hospice companies, and managed care organizations. Its customer base includes individuals requiring assistance with activities of daily living as well as those needing restorative rehabilitative and custodial nursing care.
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Sector: Healthcare Industry: Medical Care Facilities CIK: 0000727346