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RNVA
RENNOVA HEALTH ANNOUNCES CONFIRMATION FROM TENNESSEE DEPARTMENT OF HEALTH THAT A NEW LICENSE NUMBER HAS BEEN ISSUED DUE TO THE CHANGE OF OWNERSHIP FOR JAMESTOWN TN, MEDICAL CENTER.
WEST PALM BEACH, Fla., June 27, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTCQB: RNVA), (OTCQB: RNVAW) (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that acquired its second rural hospital in Jamestown, Tennessee on June 1, 2018, announces that it has received confirmation from the Tennessee Department of Health that they have completed the change of ownership (CHOW) process and issued a license number to Jamestown TN Medical Center, Inc.
The Company also received confirmation that Palmetto GBA has completed its part in processing the Change of Ownership (CHOW) for CMS Form 855A for the hospital and has made a ‘Recommendation for Approval’ to the State of Tennessee and to the CMS Regional Office (Center for Medicare and Medicaid). The CMS Regional Office makes the final decision as to eligibility and granting of Medicare billing privileges.
“These are significant hurdles that have been accomplished in record time,” said Seamus Lagan, CEO of Rennova. “Our team is working diligently to complete the CHOW for CMS Form 855A, which enables us to bill and receive payment for the services provided. We look forward to completion of the process and are ready to file claims for the services provided to date immediately when we receive the necessary approvals. We remain confident that this hospital is an excellent business and addition to the model we have adopted to create value for our shareholders”.
“Following the acquisition, we have noted a positive support of our community, medical staff and official bodies as we continue to work through the final stages of the CHOW”, said Lynette Pritchett, CEO of Jamestown TN Medical Center, Inc. “We are excited to complete the CHOW process and focus on growing the services offered to the communities we serve. As we exit the first month post acquisition, initial gross revenues show favorably against historic figures, and with the planned addition of a general surgeon at the facility in August 2018 we expect to see these revenues continuing to grow. With the backing of Rennova, Jamestown Regional Medical Center is poised for a positive future.”
About Rennova Health, Inc.
Rennova provides industry-leading diagnostics and supportive software solutions to healthcare providers, delivering an efficient, effective patient experience and superior clinical outcomes. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next generation of healthcare. 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 United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contacts:
Rennova Health
Sebastien Sainsbury, 561-666-9818
ssainsbury@rennovahealth.com
https://globenewswire.com/news-release/2018/06/27/1530626/0/en/RENNOVA-HEALTH-ANNOUNCES-CONFIRMATION-FROM-TENNESSEE-DEPARTMENT-OF-HEALTH-THAT-A-NEW-LICENSE-NUMBER-HAS-BEEN-ISSUED-DUE-TO-THE-CHANGE-OF-OWNERSHIP-FOR-JAMESTOWN-TN-MEDICAL-CENTER.html
RNVA, looks like they are watching this!
https://epicstockpicks.com/market-scan/?symbol=rnva&gclid=EAIaIQobChMIo87mnc_b3AIVnbjACh17_Qv0EAMYAyAAEgJvLfD_BwE
RNVA was not halted at all yesterday, look at the trading halt history, its not even on there,
https://www.nasdaqtrader.com/trader.aspx?id=TradingHaltHistory
IKTO, .0003 is 52 wk hi, .0004 break sends it!
IKTO, this one gonna move! very thin! alerting at .0003!
VGID, here we go! .001 test again!
VGID, .0007 is the loading zone! looking for the next leg up!
VGID, what happened here! watching for the .0005-.0006 entry!
VGID, sorry to everyone who lost here today! I alerted last week when .0006-.0008 was being soaked up that this would run soon. It only ran a few ticks. If you had listened to me last week and bought 5 million shares at .0008 and sold today at .0011, you would have made $1500 like i did! I am not a long term shareholder of any stock I trade. I am a speculative trader! I am continuing to watch here at these levels as I do speculate a big move coming!
VGID, out at .0011!
VGID, wasnt for me! last week when i alerted this at .0008, today i sold at .0011! nice $1500 profit for me! Anyone who was following me, made $$$$$ here as well. This still has way more in it, still watching it for another chance to get back in and make more $$$$$$$$
VGID, multi-day runner here! if support holds around .0009-.001 i see this getting to .0015-.002 tomorrow!
VGID, break .0011 wall, its gone!
VGID, .0012 UP!
VGID, .001 dropping!
VGID, PRE-MARKET action!
VGID, hope you all got in last week, cause its about to explode!
TONR, oh yeah, she gonna run bigly!
TONR, only up from here folks! Have a great day, see yall at .01+
TONR, this type of play only comes once every so often! alot of people are gonna make money here! i mean BOAT LOADS OF MONEY! this is the setup for the type of play from .0001 to .01+
TONR, we have, if you dont feel comfortable here then leave. No one is making you be here, a huge run is coming, volume before price!
TONR, .0001-.01! Hope you all ready for the ride!
TONR, HOLY CRAP, 45 MILLION SLAP!
TONR, huge slaps on that ask, this has the makings of the biggest run this year!
TONR, most volume ever traded!
TONR, here it goes, big dogs stepping in, this gonna be a runner!
TONR, everyone bailing lol!
TONR, yes it came across my TD Ameritrade new feed as well, its legit!
TONR, it is a merger play, just watch the ask and level 2, tells you everything you need to know!
TONR, wow alot of peeps trying to get out of this one, they keep blowing up the ask lol!
VGID, no one is holding this down lol, same shares been for sale this whole day, there is plenty of attention here, .0011 is the next level once we break these .0008!
VGID, MM's trying to shake the tree! getting closer to the breakout!
VGID, .0008 in!
VGID, ASK dropping, MM's setting up for run!
VGID, big buys coming in now! ASK is dropping, MM's setting up for the run!
VGID, MM's shifting! seeing .01-.02 on the radar!
VGID, being promoted, ask is dropping, last chance to get in before the run up north!
VGID, ASK DROPPING, letting you in before the run!
VGID, now is the time, they are letting you in before the run up, ask is dropping!
VGID, 10 milly just dropped from the ask, they know this going up up up and away!