WEST PALM BEACH, FL June 16, 2022 (GLOBE NEWSWIRE) — Rennova Health Inc. (OTC: RNVA) CEO Seamus Lagan joined Stock Day host North Copley to discuss business progress and the company’s plans to grow its mental and behavioral health division.
Copley began by asking about the current operation of the hospital. Lagan stated that he believes the business has now stabilized, helped by the newly obtained critical access designation, and that he believes operations will now have positive cash flow and be profitable.
Copley went on to ask about the status of previously discussed plans to add mental and behavioral health to the business. Lagan confirmed that a new division, Myrtle Recovery Centers, Inc., has been created and that the Company is finalizing a plan to use the available space on the property to provide these services. Lagan went on to explain that the availability of space had reduced capital requirements to negligible renovation and fit-out costs, and confirmed his intention to hire someone with specific industry knowledge to lead this new division.
Copley then asked what to expect from the company within two to three years. Lagan explained the continued need for rural healthcare and the company’s plans to refine and test the profitable model to create a foundation for further acquisitions in the future.
Copley finished by asking what message Lagan would like the company’s shareholders to take away from the interview. Lagan responded by reaffirming his belief that the Company can provide superior service to its clients and generate value for its shareholders.
To listen to the entire Seamus Lagan interview, follow the link to the podcast here:
About Rennova Health, Inc.
Rennova Health Inc. (“Rennova”, “Company”, “we”, “us”, “her”, or “our”) is a healthcare provider. The company owns one operating hospital in Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in Jamestown, Tennessee that it plans to reopen, a medical practice in Jamestown, Tennessee that it plans to reopen, and a rural clinic in Kentucky. For more information please visit www.rennovahealth.com
Forward looking statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, therefore, you should not rely on these forward-looking statements. as predictions of future events. Words such as “expect”, “estimate”, “design”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”, ” should”, “Believes”, “forecasts”, “potential”, “continues” and similar expressions are intended to refer to such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expected. Additional information on these and other risk factors is contained in the Company’s latest filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements, which are valid only as of the date they are published. The Company does not undertake and assumes no obligation or obligation to publicly release any updates or amendments to any forward-looking statements to reflect any change in its expectations or any change in the events, conditions or circumstances on which any such statement is based, beyond except where required by law.