FOXO Technologies to acquire Rennova healthcare units [Yahoo! Finance]
FOXO Technologies Inc. (FOXO)
Company Research
Source: Yahoo! Finance
The move is aimed at integrating advanced epigenetic technology into community health and addiction recovery services. In the first share exchange agreement, FOXO will acquire equity in Myrtle Recovery Centers, Rennova's behavioral health services subsidiary, for $500,000 in common stock, subject to adjustments. Myrtle Recovery Centers is a 30-bed facility in East Tennessee, offering inpatient and outpatient services, with plans for expansion. The second agreement involves the acquisition of equity in Rennova Community Health, which manages Scott County Community Hospital, also known as Big South Fork Medical Center. This transaction is valued at $20m in convertible preferred stock to be designated. Scott County Community Hospital is a critical access hospital located in East Tennessee. Together, Scott County Community Hospital and Myrtle Recovery Centers reported unaudited net revenue of approximately $18.7m and net income of around $5.2m for the 12 months ending 31 Decemb
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FOXO
News
- FOXO Technologies secures up to $2.8M in senior notes to fund Myrtle Recovery Centers acquisition [Seeking Alpha]Seeking Alpha
- FOXO Technologies Inc. Secures Up to $2.8 Million in Senior Notes to Fund Previously Announced Acquisition of Myrtle Recovery Centers, Inc. and Provide Additional Working Capital [Yahoo! Finance]Yahoo! Finance
- FOXO Technologies Inc. Secures Up to $2.8 Million in Senior Notes to Fund Previously Announced Acquisition of Myrtle Recovery Centers, Inc. and Provide Additional Working CapitalGlobeNewswire
- RENNOVA HEALTH, INC. ANNOUNCES STOCK EXCHANGE AGREEMENTS WITH FOXO TECHNOLOGIES, INC. FOR TWO OPERATING SUBSIDIARIES [Yahoo! Finance]Yahoo! Finance
- RENNOVA HEALTH, INC. ANNOUNCES STOCK EXCHANGE AGREEMENTS WITH FOXO TECHNOLOGIES, INC. FOR TWO OPERATING SUBSIDIARIESGlobeNewswire
FOXO
Sec Filings
- 6/18/24 - Form 8-K
- 6/14/24 - Form 8-K/A
- 6/14/24 - Form 8-K
- FOXO's page on the SEC website