Replies to post #2591 on Miller Energy Resources, Inc.(fka MILLQ)

[bar1080]

They laid off 15% of the staff of one hospital recently!

Here's an excellent article about RNVA from a real healthcare publication. Modern Healthcare isn't impressed with Rennova:

"Lab company Rennova is an unlikely buyer of CHS hospital
By Tara Bannow | May 11, 2018

"The planned purchase of an 85-bed hospital in Tennessee by lab testing company Rennova Health raises a lot of questions. Chief among them: What does a lab company that's losing tens of millions want with an underperforming rural hospital that Community Health Systems is trying to sell?

"West Palm Beach, Fla.-based Rennova recently reported in a Securities and Exchange Commission filing a $51 million net loss from continuing operations in 2017 and a $16 million operating loss on less than $5 million in revenue. The company ended the year with no cash on hand from continuing operations, and has been sued by landlords and contractors alleging unpaid bills, according to the SEC filings. Three former employees have sued the company in Palm Beach County court alleging unpaid wages..." [much more]

http://www.modernhealthcare.com/article/20180511/NEWS/180519970