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RENNOVA HEALTH INC - $RNVA STOCK NEWS

Welcome to our dedicated page for RENNOVA HEALTH news (Ticker: $RNVA), a resource for investors and traders seeking the latest updates and insights on RENNOVA HEALTH stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RENNOVA HEALTH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Rennova Health, Inc. (RNVA) announced the expiration of certain Series A, B, and C warrants to purchase over 403 billion shares of common stock, with an extension of the termination date for Series B warrants. This move aims to reduce potential dilution for common shareholders and maintain the company's capital access flexibility.
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Rennova Health, Inc. CEO Seamus Lagan shares operational and financial highlights for 2023, including significant net revenue growth, debt reduction, and the establishment of new healthcare services such as inpatient, emergency room, and outpatient services, as well as behavioral health treatment facilities. The company also provides an update on InnovaQor, Inc. and outlines plans for further expansion, balance sheet improvement, and shareholder value increase in 2024.
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Rennova Health's subsidiary, Myrtle Recovery Centers, has opened a Nonresidential Office-Based Opiate Treatment Facility in Oneida, Tennessee. The facility began accepting patients on November 1, 2023, and complements the existing alcohol and drug treatment services offered by Myrtle. The company expects the new facility to increase net revenues and profits.
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Rennova Health, Inc. announces significant debt restructuring with primary institutional investors, extending maturity date and saving $1.5 million in interest expense annually.
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Rennova Health CEO Seamus Lagan expects sustainable revenues of over $11 million and profits of over $2 million for the six months, with potential revenues in excess of $20 million for 2023. The recently opened 30 bed facility for alcohol and substance abuse services is expected to generate $4 - $5 million in profitable revenues a year. The Company aims to achieve annualized revenues of $25-30 million by year end and potentially $50-60 million by 2024.
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RENNOVA HEALTH INC

OTC:RNVA

RNVA Rankings

RNVA Stock Data

4.06M
6.69%
8.1%
Testing Laboratories
Professional, Scientific, and Technical Services
Link
United States of America
West Palm Beach

About RNVA

we put the needs of healthcare providers at the center of everything we do. we understand the unprecedented challenges faced by providers today. we have made it our mission to create single-source solutions that help you navigate today’s turbulent regulatory, medical and market environments while protecting your patients, your employees and your profitability. our unified approach is driving new ideas rennova health is reimagining the traditional channels of healthcare services with an expansive suite of diverse products and brands. these interoperable solutions work in unison to drive better treatment outcomes, more cost-effective patient care, and optimized revenue streams. we support each of our solutions with unprecedented service excellence, while continuing to build on the best medical science and technologies available. we also maintain the highest standards of corporate transparency, fiduciary responsibility, accountability, and regulatory compliance. rennova health encompasses