Selectis Health, Inc. reported a total revenue of $41.4 million for the fiscal year ending December 31, 2025, marking a 5% increase from $39.5 million in 2024. The growth in revenue was primarily driven by a 6% rise in healthcare revenue, which reached $41.4 million, attributed to increased Medicaid rates at facilities in Georgia and Oklahoma. However, the company experienced a complete cessation of rental revenue, which had previously contributed $321,352 in 2024, due to the sale of its Archway Property in June 2024. Management fee revenue also saw a significant increase, totaling $65,795, compared to none in the previous year.
Despite the revenue growth, Selectis Health reported a net loss of $1.05 million for 2025, a reduction from a net loss of $2.4 million in 2024. The decrease in losses was attributed to improved collections of accounts receivable, which led to a 15% reduction in the provision for credit losses. Operating expenses rose slightly to $43 million, primarily due to inflationary pressures on property taxes and insurance costs. The company also recorded a loss on debt extinguishment of $252,970, which was not present in the prior year.
In terms of operational developments, Selectis Health transitioned from a leasing model to an owner-operator model, now operating seven healthcare facilities following the sale of two facilities in Georgia in January 2026. The company’s employee headcount stood at 476 as of December 31, 2025, reflecting a strategic reduction in general and administrative staff to manage costs. The company continues to focus on enhancing its healthcare operations and has plans for further geographic expansion and diversification of its portfolio.
Looking ahead, Selectis Health faces challenges related to liquidity, with a working capital deficiency of $17.7 million as of December 31, 2025. The company has indicated that its ability to continue as a going concern is contingent upon successfully executing its business strategy and raising additional funds through equity or debt offerings. The management is committed to improving operational efficiencies and reducing costs to achieve a satisfactory level of profitable operations. The company is also monitoring regulatory changes in the healthcare sector that could impact its operations and financial performance.
About SELECTIS HEALTH, INC.
Selectis Health, Inc. owns and operates healthcare real estate, including senior housing, assisted living, independent living, and skilled nursing facilities across the U.S. It focuses on acquiring, developing, leasing, and managing properties, providing healthcare services, and financing healthcare providers. The company emphasizes quality care, diversification, and conservative financing within a heavily regulated, competitive industry driven by government reimbursement programs.
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