WEST PALM BEACH, Florida, June 16, 2022 (The Globe Newswire) – Renova Health, Inc (OTC: RNVA) CEO Seamus Lagan joined Stock Day host Sever Copley to discuss business progress and the company’s plans to develop the Mental Health and Behavioral Division.
Copley began by asking how the hospital’s current operations were performing. Lagan believed that the business has now stabilized, with the help of the recently secured critical access designation, and that he believes the operations will now be cash flow positive and 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. And that the company was putting the final touches on a plan to take advantage of the available space in the owned real estate to provide these services. Lagan further explained that having space available reduces the capital needs for minor renovation and decorating costs and emphasized the intent to hire someone with specific industry knowledge to head this new division.
Copley then asked what to expect during the two- or three-year period of the company. Lagan outlined the ongoing need for rural healthcare and the company’s plans to improve and prove a profitable model to create the basis for further acquisitions in the future.
Copley ended up asking him what message Lagan would like the company’s shareholders to take away from the interview. Lagan responded by affirming his confidence that the company can provide excellent service to its customers and generate profit for its shareholders
To hear the full Seamus Lagan interview, follow the podcast link here:
About Renova Health, Inc.
Renova Health, Inc. (“Rennova”, “the Company”, “we”, “our” or “our”) is a provider of health care services. The company owns a one-worker hospital in Oneida, Tennessee known as Big South Fork Medical Center, a Jamestown, Tenn. hospital that plans to reopen, a doctor’s practice in Jamestown, Tennessee planning to reopen, and a rural clinic in Kentucky. For more information, please visit the website www.rennovahealth.com
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States 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 like “expect,” “estimate,” “project,” “budget,” “expect,” “expect,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe”, “expects”, “probable”, “continue” and similar expressions are intended to identify 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 exists regarding these and risk factors. The Company does not undertake or accept any obligation or undertaking to publicly disclose any updates or Revisions to any forward-looking statements to reflect any change in its expectations or any change in events, circumstances or conditions on which any statement is based, except as required by law.