Rennova Health Inc (OTCMKTS:RNVA) a vertically integrated provider enterprise of industry-leading supportive software and diagnostics solutions to healthcare provider firms that recently reported the deal of its second Rural hospital, announced interview of CEO Mr. Seamus Lagan, on Stock Day podcast with Everett Jolly.
The buzz
Jolly expressed that Rennova has weathered a couple of extremely difficult years. It appears that with the launch of the hospital in Oneida in 2017 and subsequent deal to buy a second larger hospital in Jamestown, investors are on their way to rebuilding some decent value and revenue in Rennova. The firm’s acquisition of two geographically synergetic hospitals in Tennessee has paved the way for foreseeable revenue and growth in the imminent period.
Rennova Health anticipates the implementation of this setup will prove positive for the firm and its shareholders and anticipates considerable improvements in shareholders’ equity and revenue throughout 2018. The CEO of Rennova expressed that their hospital in Oneida is gaining from increasing count of patients and billing per month since launch. The purchase of another larger hospital will create opportunity for several efficiencies between these two facilities and allow them to further cure several people that Oneida directs to other hospitals per month for treatments.
Rennova offers industry-leading supportive software and diagnostics solutions to healthcare providers, offering an effective, efficient patient experience and top clinical results. Through an ever-growing group of strategic brands that function in unison to empower consumers, the company is establishing the next generation of healthcare.
In unrelated news, Rennova Health reported that it has finalized an additional issuance deal with certain institutional investors of the firm. As per the deal, the firm has agreed to release a further $2.48 million aggregate principal sum of the September 1, 2017 Senior Secured Convertible Debentures payable on September 19, 2019.
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