Rennova Health Inc (RNVA)

[nfrequent]

THE major announcement was the federal CAH designation at the end of 2021. It went unnoticed amidst all the bedwetting over an RS. That announcement put RNVA on my watch list. CAH service expansions are low risk because CAH provides both a market and assurance of payment for services. When the revenue surge from CAH showed up in Q2 2022, I began accumulating. RNVA quarterly filings have since shown CAH expansions carry minimal costs, and the revenue and earnings trends are off the chart. No magic PR needed here.

https://www.hrsa.gov/sites/default/files/hrsa/opa/critical-access-hospital-factsheet.pdf