Replies to post #77892 on Rennova Health Inc (RNVA)

[Filterthenoise]

All the vultures are now swarming

The Government came to the table to help suburban hospitals starting next year.

[Ferdenando the Bull]

Rennova bought the Hospital for pennies on the dollar. So now the local favorite is bringing in his investment group as the Real Estate is worth more than the hospital currently...

Once Trump changes take effect now the Hospital is worth more than just the Real Estate and the local boy prolly has a little profit sharing plan going on with the local politicians.

Rennova was blocked, with two operating hospitals in Tennessee and Medicare and Medicade approved in 28 States....WHY? The two other hospitals are compliant.

There is something going on with that property that has value...you sure could not replace that facility for 18 million then add the land.
I am using 90,000 square foot x $200 a square foot. That's probably low for hospital construction.(might not be for Tennessee)

[Bidsmaker1]

Scrambling?

1 mil offer on hard costs (replacement) around $200 psf doesn’t sound like much of a scramble. More like scrape of what has been walked in and offer enough to sell off fixtures and equipment