Selectis Health, Inc 8-K, filed Jan 5, 2021
Selectis Health, Inc. (GBCS)
About this 8-K
Selectis Health, Inc filed this 8-K on January 5, 2021, reporting on events of January 1, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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): January 1, 2021
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. 79th 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 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 |
Securities registered 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 5.02 | ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
| ITEM 7.01 | REGULATION FD DISCLOSURE |
Global Healthcare REIT, Inc. (the “Company”), issued a press release today announcing that Christopher “Randy” Barker has been appointed President and COO of the Company and is the newest Member of its Board of Directors, effective date of January 1, 2021. Mr. Barker will replace Lance Baller who has been acting as the Company’s Interim President. A copy of the press release is filed herewith as Exhibit 99.1
The following is biographical information for Mr. Barker.
Randy Barker, age 53, is a co-founder and part of the Management Group at Graphium Health, a mobile, cloud-based software platform for anesthesia related to compliance, billing, revenue cycle management, electronic data capture and operational excellence. Mr. Barker served as the CEO of Graphium Health from 2011 to 2016.
Mr. Barker is also a co-founder/partner of empathiHR, launched in 2020 as a video based learning management/content management platform hybrid producing custom courses leveraging industry subject matter experts that enable businesses to manage compliance needs, and offer quality learning for their organization. He is also the co-founder/partner of HR Vids, launched in 2019 as a software platform that leverages video to assist with hiring, engagement and retention in high-turnover industries.
Randy is a graduate of Roberts Wesleyan College with a Bachelor of Arts degree in Communications, with a concentration in Business. He also volunteers with a number of charities including being a Board Member of an orphanage in Kenya, as well as working with a private Christian school in Nicaragua.
In consideration of services rendered as President and COO of the Company, Mr. Barker shall be paid an annual salary of $125,000. Randy’s employment will be “at will” and can be terminated by either party on reasonable notice.
Effective January 1, 2021, Lance Baller shall resign as Interim President of the Company but shall remain as CEO and shall also be appointed to serve as the Company’s Chairman of the Board. In consideration of services rendered as CEO of the Company, Mr. Baller shall be paid an annual salary of $125,000.
The information in this Current Report on Form 8-K furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information pursuant to Item 7.01, The Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be disclosed solely by Regulation FD.
| ITEM 9.01: | EXHIBITS |
| Item | Title | ||
| 99.1 | Press Release |
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. (Registrant) | ||
| Dated: January 5, 2021 | /s/ Christopher R. Barker | |
| Christopher R. Barker, President and COO | ||
Exhibit 99.1
Selectis Health Appoints President and Chief Operating Officer
Greenwood Village, Colorado, January 5, 2021 (GLOBE NEWSWIRE) —Global Healthcare REIT, Inc. (Currently in a rebranding effort to be renamed Selectis Health, Inc.) (OTC: GBCS) (“Selectis” or the “Company”) an owner and operator of healthcare facilities in AR, GA, OH, and OK today announced that Randy Barker has been appointed President and COO of the Company and is the newest Member of its Board of Directors, with an effective date of January 1, 2021.
Mr. Barker has more than 15 years of senior executive experience, as CEO, COO, and strategic development for companies in the medical and technology industries. Mr. Barker has been the founder and co-founder of numerous companies and was integrally involved in their successful sale or merger. Most recently, Mr. Barker co-founded EmpathiHR, a video-based Learning Management/Content Management platform hybrid.
Prior to the formation of EmpathiHR, Mr. Barker co-founded Graphium Health, where he served as CEO between 2011 and 2016. Graphium is a mobile, cloud-based software platform which provides compliance, billing, revenue cycle management (RCM), electronic data capture, and telemedicine. Graphium Health is deployed in over 300 hospitals and surgery centers across the United States. In 2019, Graphium Health took the major equity stake in the founding of FieldMed. Mr. Barker led the Graphium Health M&A team for the FieldMed transaction.
Prior to founding Graphium Health, Randy was co-founder, partner, and COO of Miller & Associates and Dedo Interactive Inc. (“Dedo”). Miller & Associates was a business intelligence consulting firm that focused on analytics, SaaS solutions, Big Data, and custom software with offices in Dallas and Austin, Texas. Dedo was a creative technology firm with expertise in user experience and user interface (“UX/UI”), multi-touch, data visualization, and mobile technologies.
During his tenure with Miller & Associates, the Company received multiple accolades, including being named the 40th fastest growing privately-owned company in the Dallas/Fort Worth metroplex, the 89th fastest growing privately-owned IT Services company in the country, and the 935th fastest growing privately-owned company in the United States by Inc. magazine.
In 2015, Miller & Associates and Dedo Interactive Inc. were acquired by the Chenega Corporation. Mr. Barker led the M&A process for both companies.
Mr. Barker has provided management and control procedure consulting services to the Company for the last 90 days. Prior to his consulting engagement with the Company, Mr. Barker acquired 751,341 shares of Global common stock through open market purchases.
“After an extensive selection process, the Board determined Randy was the right operations leader for Selectis during this period of rapid growth for the Company,” said Lance Baller, Selectis Health’s CEO. “Randy’s extensive operation and technology backgrounds coupled with his proven business development skills should help strengthen and stabilize our business operations and enable us to increase profitability as we move forward. We believe his strong leadership experience will help Selectis build on its existing solid foundation during this exciting rapid growth phase for the Company in the foreseeable future.” Mr. Baller added, “I have known Randy for over 15 years, and I feel strongly that his unique combination of business acumen, keen understanding of market dynamics, and his high level of integrity will benefit the Company, its employees and stakeholders.”
“I am very excited to be joining the Selectis team,” said Randy Barker. “I believe Selectis has a great business model and solid foundation for growth. This talented management group has uniquely positioned itself to capitalize on the changing healthcare environment. Lance and I have always desired to work together, to build another growing company once again in our careers. As the industry evolves through growth, restructuring, technology, and consolidation, I am excited to be a part of the winning solution Selectis provides to patients, partners and shareholders.”
About Selectis Health
Selectis Health owns and operates healthcare facilities in the healthcare industry. The portfolio consists of both internally operated properties as well as triple net leases with proven operators generating predictable, recurring revenue streams across the American Southcentral and Southeastern states.
For Further Information Contact:
Brandon Thall, CFO
investors@selectis.com