Rennova Health Inc (RNVA)

[drocka14]

Tennessee's hospital market DD!!!

With RNVA stating preliminary net rev. Of $15.7m last year from only two operational facilities and stated a consistent $2-$2.5m/month from continued operations from only having two main facilities. This is actually very promising.

They now have a third facility, Tennessee's only 64 slice CT scanner, and their location is critical.


With RNVA holding 164 beds in Tennessee and two physician/care clinics they need about $40mil a year To be profitable. They had just reported $5m rev in the 3rd qtr of 2018.

So now that they have jellico and care plus, they should now be able to report $3.5-$4m a month in total from all facilities being operational. This means we are looking at $42m- $48m annual rev.
With profits $4m+

Rnva operates in a $4.8b gross and $1.1b net rev. Service area in Tennessee. That being said, rnva has a nice piece of the pie. This is just the area of Tennessee where rnva operates!!!

I Kno rnva might not get the whole market but they are placed in a way that they play a critical role in North Tennessee's healthcare structure. They cover about a 80mi radius.

Correct me if I'm wrong but I think they only have to pay Christopher D. $500k plus $1.1m. once that's done they don't have much more loan/bad debt to pay down.