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Rennova Health CEO provides January 2024 message to shareholders
The Fly

Rennova Health CEO provides January 2024 message to shareholders

Rennova Health Chief Executive Officer, Seamus Lagan provides the following message to shareholders. “As we begin 2024, I want to provide an update on some of our recent accomplishments and outline our plans for the future. Our efforts in recent years to build and sustain a viable business model for our healthcare services operations have gained momentum. 2023 was a significant year for the Company both operationally and financially… 2023 Operational Highlights: Established robust inpatient services at our flagship hospital, Big South Fork Medical Center. Achieved growth in emergency room and outpatient services. Commenced a swing bed service line. Opened a behavioral health treatment facility offering residential and inpatient detox services and outpatient, office-based opiate treatment services via our wholly-owned subsidiary Myrtle Recovery Centers, Inc. 2023 Financial Highlights: Significant net revenue growth. Debt reduction. Debt restructuring. InnovaQor update… We began 2024 with positive operational momentum and seek to build on recent achievements to: further expand our healthcare services offerings in the communities we serve, consider options to reopen or create value from our closed hospital property, continue to improve our balance sheet and overall financial condition, and further reduce litigation and related costs… We appreciate the support of our shareholders and look forward to increasing shareholder value in 2024.”

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