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FOXO TECHNOLOGIES INC. ANNOUNCES LICENSE RENEWAL AND PROVIDES OPERATIONAL UPDATE FOR MYRTLE RECOVERY CENTERS, INC.
Globenewswire· 2025-07-31 11:23
Core Insights - FOXO Technologies, Inc. announced the renewal of its behavioral health subsidiary Myrtle Recovery Centers' operating license for its Oneida, TN location for another year, following a successful annual inspection by the State of Tennessee's Department of Mental Health and Substance Abuse Services [1] - The facility is currently at full capacity and has a waiting list for future admissions, indicating strong demand for its services [2] - The company is considering strategic options for expansion, including the potential opening of a second location and possible acquisitions in the sector [2] Company Overview - FOXO Technologies operates three subsidiaries: Rennova Community Health, Inc., which owns Scott County Community Hospital, a critical access hospital in East Tennessee; Myrtle Recovery Centers, a 30-bed behavioral health facility providing inpatient and outpatient services; and FOXO Labs, a biotechnology company focused on improving human health and lifespan through innovative technology [3][4]
FOXO TECHNOLOGIES INC.'S BEHAVIORAL HEALTH SUBSIDIARY HAS BEEN APPROVED TO RECEIVE SCOTT COUNTY OPIOID ABATEMENT FUNDS
Globenewswire· 2025-06-30 11:22
Core Insights - FOXO Technologies Inc. announced that its subsidiary Myrtle Recovery Centers has been approved for a second year of funding from Scott County Opioid Abatement Funds to provide care for uninsured patients starting July 1, 2025 [1][2] - Myrtle Recovery Centers operates at full capacity with a waiting list, indicating strong demand for its services and the quality of care provided [2] - FOXO Technologies plans to expand Myrtle Recovery Centers through organic growth and acquisitions, anticipating significant revenue contributions in the future [2] Company Overview - FOXO Technologies operates three subsidiaries: Rennova Community Health, which runs Scott County Community Hospital, Myrtle Recovery Centers, a 30-bed behavioral health facility, and FOXO Labs, a biotechnology company focused on health and lifespan improvement [3][4] - Myrtle Recovery Centers provides inpatient detox and residential treatment, as well as outpatient services for Medication-Assisted Treatment (MAT) and Office-Based Opioid Treatment (OBOT) programs [3]
FOXO TECHNOLOGIES INC.’S BEHAVIORAL HEALTH SUBSIDIARY REACHES KEY OPERATIONAL MILESTONES
Globenewswire· 2025-05-06 12:05
Core Insights - FOXO Technologies Inc. announced significant patient care milestones achieved by its subsidiary, Myrtle Recovery Centers, which has treated over 400 patients and provided more than 5,000 care days since opening in August 2023 [1][2] - Myrtle Recovery Centers aims to serve 10,000 patient care days by the end of 2025, indicating strong growth and demand for its services in East Tennessee [2] - FOXO Technologies is pleased with the operational ramp-up of Myrtle and plans to expand its footprint to meet increasing demand, which is expected to enhance revenue contributions from this subsidiary [2][3] Company Overview - FOXO Technologies operates three subsidiaries, including Myrtle Recovery Centers, which is a 30-bed behavioral health facility providing inpatient and outpatient services for substance use disorder [3] - The company also owns Rennova Community Health, which operates a critical access hospital in East Tennessee, and FOXO Labs, a biotechnology firm focused on health and lifespan improvement [3][4]