FOXO Technologies Completes Acquisition of Revenue-Generating Operations From Rennova Health, Including Scott County Community Hospital; Expected to Boost Annual Revenue to Over $20M With Potential to Exceed $50M in Next 24 Months
Portfolio Pulse from Benzinga Newsdesk
FOXO Technologies has completed the acquisition of revenue-generating operations from Rennova Health, including Scott County Community Hospital. This acquisition is expected to boost FOXO's annual revenue to over $20 million, with potential to exceed $50 million in the next 24 months.
September 17, 2024 | 1:04 pm
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FOXO Technologies has acquired operations from Rennova Health, including Scott County Community Hospital, which is expected to significantly increase its annual revenue.
The acquisition of revenue-generating operations from Rennova Health, including a hospital, is a strategic move for FOXO Technologies. This is expected to immediately increase their revenue to over $20 million annually, with a potential to exceed $50 million in the next two years. Such a significant increase in revenue is likely to positively impact FOXO's stock price in the short term.
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