8-K - GBCS - Equibles

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM8-K

CURRENTREPORT

Pursuantto Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2020

GLOBALHEALTHCARE REIT, INC.

(Exact Name of Registrant as Specified in its Charter)

Utah	0-15415	87-0340206
(State<br> or other jurisdiction<br><br> <br>of<br> incorporation)	Commission<br><br> <br>File<br> Number	(I.R.S.<br> Employer<br><br> <br>Identification<br> number)

6800 N. 79^th^ 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)

[ ]	Written<br> communications pursuant to Rule 425 under the Securities Act
[ ]	Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act
[ ]	Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ]	Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act

Securitiesregistered pursuant to Section 12(b) of the Act:

Title of each Class	Trading Symbol	Name of each exchange on which registered
N/A	N/A	N/A

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

On August 18, 2020, Global Healthcare REIT’s (the “Company”) Board of Directors approved the repurchase of 443,431 shares of common stock for $75,385 or $0.17 per share in a privately negotiated transaction. The Company intends to cancel the repurchased shares so they are no longer outstanding.

“Despite uncertainty surrounding nursing homes amidst the Covid-19 virus, we believe the market price for our stock is significantly undervalued,” stated Zvi Rhine, Global’s President and Chief Financial Officer. “We continue to refine our capital allocation priorities as our cash flow continues to improve. However, our first priority is to maintain adequate cash and flexibility to properly support our growing healthcare service business.”

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.

	Global Healthcare REIT, Inc.<br><br> <br>(Registrant)
Dated: August 24, 2020	/s/ Zvi Rhine
	Zvi<br> Rhine, President