FOXO TECHNOLOGIES INC.’S BIG SOUTH FORK MEDICAL CENTER COMPLETES PERFORMANCE NETWORK AGREEMENT WITH COVENANT HEALTH TO PROVIDE SWING BED SERVICES
FOXO Technologies Inc. (NYSE American: FOXO) announced that its Big South Fork Medical Center in Oneida, Tennessee has established a Performance Network Agreement with Covenant Health to provide swing bed services. The agreement enables the critical access designated rural hospital to offer post-acute care services to patients from Covenant Health's network, which serves greater Knoxville and East Tennessee.
The partnership aims to help patients who no longer require acute care to recover closer to their homes and families. This strategic move aligns with FOXO's organic growth strategy to increase net revenues at the hospital by expanding its service offerings through the Covenant Health performance network.
FOXO Technologies Inc. (NYSE American: FOXO) ha annunciato che il suo Big South Fork Medical Center a Oneida, Tennessee, ha stipulato un Accordo di Rete di Prestazioni con Covenant Health per fornire servizi di ricovero temporaneo. L'accordo consente all'ospedale rurale con designazione di accesso critico di offrire servizi di cure post-acute ai pazienti della rete di Covenant Health, che serve l'area di Knoxville e l'Est del Tennessee.
La collaborazione mira ad aiutare i pazienti che non necessitano più di cure acute a recuperare più vicino alle loro case e famiglie. Questa mossa strategica è in linea con la strategia di crescita organica di FOXO, volta ad aumentare i ricavi netti dell'ospedale ampliando l'offerta di servizi attraverso la rete di prestazioni di Covenant Health.
FOXO Technologies Inc. (NYSE American: FOXO) anunció que su Big South Fork Medical Center en Oneida, Tennessee, ha establecido un Acuerdo de Red de Rendimiento con Covenant Health para ofrecer servicios de camas de transición. El acuerdo permite que el hospital rural designado de acceso crítico brinde servicios de atención post-aguda a pacientes de la red de Covenant Health, que atiende a la región de Knoxville y el este de Tennessee.
La asociación tiene como objetivo ayudar a los pacientes que ya no requieren atención aguda a recuperarse más cerca de sus hogares y familias. Este movimiento estratégico se alinea con la estrategia de crecimiento orgánico de FOXO para aumentar los ingresos netos del hospital ampliando su oferta de servicios a través de la red de rendimiento de Covenant Health.
FOXO Technologies Inc. (NYSE American: FOXO)는 테네시 주 오니다에 위치한 Big South Fork Medical Center가 Covenant Health와 스윙 베드 서비스를 제공하기 위한 성과 네트워크 계약을 체결했다고 발표했습니다. 이 계약을 통해 중대한 접근 권한이 지정된 농촌 병원이 Covenant Health 네트워크에 속한 환자들에게 급성기 이후 치료 서비스를 제공할 수 있게 되었습니다. Covenant Health는 노크스빌 및 동부 테네시 지역을 대상으로 서비스를 제공합니다.
이 파트너십은 급성 치료가 더 이상 필요하지 않은 환자들이 집과 가족 가까이에서 회복할 수 있도록 돕는 것을 목표로 합니다. 이 전략적 조치는 FOXO의 유기적 성장 전략과 일치하며, Covenant Health 성과 네트워크를 통해 병원의 순수익을 증가시키기 위해 서비스 제공 범위를 확장하는 데 기여합니다.
FOXO Technologies Inc. (NYSE American: FOXO) a annoncé que son Big South Fork Medical Center à Oneida, Tennessee, a conclu un accord de réseau de performance avec Covenant Health pour fournir des services de lits de transition. Cet accord permet à l'hôpital rural désigné à accès critique d'offrir des services de soins post-aigus aux patients du réseau de Covenant Health, qui dessert la région de Knoxville et l'Est du Tennessee.
Ce partenariat vise à aider les patients qui n'ont plus besoin de soins aigus à se rétablir plus près de leur domicile et de leur famille. Cette démarche stratégique s'inscrit dans la stratégie de croissance organique de FOXO visant à augmenter les revenus nets de l'hôpital en élargissant son offre de services via le réseau de performance de Covenant Health.
FOXO Technologies Inc. (NYSE American: FOXO) gab bekannt, dass sein Big South Fork Medical Center in Oneida, Tennessee, eine Leistungsnetzwerkvereinbarung mit Covenant Health zur Bereitstellung von Swing-Bett-Diensten geschlossen hat. Die Vereinbarung ermöglicht es dem ländlichen Krankenhaus mit kritischem Zugang, Patienten aus dem Netzwerk von Covenant Health, das Greater Knoxville und Ost-Tennessee bedient, postakute Pflegeleistungen anzubieten.
Die Partnerschaft zielt darauf ab, Patienten, die keine akute Versorgung mehr benötigen, eine Genesung näher an ihrem Zuhause und bei ihren Familien zu ermöglichen. Dieser strategische Schritt entspricht der organischen Wachstumsstrategie von FOXO, die Nettoumsätze des Krankenhauses durch die Erweiterung des Dienstleistungsangebots über das Leistungsnetzwerk von Covenant Health zu steigern.
- Strategic partnership with major healthcare network Covenant Health
- Expansion of service offerings through swing bed services
- Potential for increased revenue through new patient referrals
- Enhanced accessibility for local communities needing post-acute care
- None.
WEST PALM BEACH, FLORIDA, Aug. 01, 2025 (GLOBE NEWSWIRE) -- FOXO Technologies Inc. (NYSE American: FOXO) (“FOXO” or the “Company”) today announced that its critical access designated rural hospital, Big South Fork Medical Center located in Oneida, Tennessee, has completed a Performance Network Agreement with Covenant Health to join their performance network as a provider of swing bed services. Covenant Health is a large, muti-facility hospital network serving greater Knoxville and East Tennessee.
Patients who no longer meet acute care admission criteria are frequently in need of post-acute care to enhance their recovery. Big South Fork Medical Center is well positioned to provide swing bed services to a number of patients needing post-acute care, which will facilitate patients returning to their communities and being closer to their family during their recovery periods.
Hal Leftwich, CEO of Big South Fork Medical Center noted, “This agreement is an attestation to the services we provide and our hospital’s proximity to patient homes in this and surrounding communities which make us an attractive option for many patients in need of post-acute care.”
“Being part of Covenant Health’s performance network is consistent with our organic growth strategy of increasing net revenues at the hospital,” stated Seamus Lagan, Chief Executive Officer of parent company, FOXO Technologies Inc.
About FOXO Technologies Inc. (“FOXO”)
FOXO owns and operates three subsidiaries.
Rennova Community Health, Inc., owns and operates Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center), a critical access designated (CAH) hospital in East Tennessee.
Myrtle Recovery Centers, Inc., a 30-bed behavioral health facility in East Tennessee. Myrtle provides inpatient services for detox and residential treatment and outpatient services for MAT and OBOT Programs.
FOXO Labs, Inc. is a biotechnology company dedicated to improving human health and life span through the development of cutting-edge technology and product solutions for various industries.
For more information about FOXO, visit www.foxotechnologies.com.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the FOXO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to the risk of changes in the competitive and highly regulated industries in which FOXO operates; variations in operating performance across competitors or changes in laws and regulations affecting FOXO’s business; the ability to implement FOXO’s business plans, forecasts, and other expectations; the ability to obtain financing; the risk that FOXO has a history of losses and may not achieve or maintain profitability in the future; the enforceability of FOXO’s intellectual property, including its patents and the potential infringement on the intellectual property rights of others; and the risk of downturns and a changing regulatory landscape in the highly competitive industries in which FOXO operates. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in FOXO’s most recent reports on Forms 10-K and 10-Q, particularly the “Risk Factors” sections of those reports, and in other documents FOXO has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FOXO assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Sebastien Sainsbury
ssainsbury@foxotechnologies.com
(561) 485-0151
FAQ
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