Replies to post #10985 on Rennova Health Inc (RNVA)

[powerbattles]

Question: "Do we have any idea on the $$ amount which Rennova will seek from Cigna? I'm imagining that would be a big number.

They do not report the total amount of the claims. This could be a big number to recover the damages.

Cigna is an American worldwide health services organization based in suburban Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g. governmental and non-governmental organizations, unions and associations).

Cigna now operates in 30 countries, has approximately 35,800 employees and manages around US$53.734 billion in assets

Q:
Also like the fact they bought a $5M hospital for $1M. Newer, bigger hospital should close early 2nd quarter, and since it is already operational, should give revs. right away (Rennova is already in there implementing their technology)

A:
Looks like this hospital has revenues of $90mill. This is a huge acquisition

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