May 23, 2018 5:43 PM ET

Health Care Technology

Company Overview of Rennova Health, Inc.

Company Overview

Rennova Health, Inc., together with its subsidiaries, provides a suite of healthcare related products and services to healthcare providers in the United States. The company operates in three segments: Laboratory Services, Supportive Software Solutions, and Decision Support and Informatics Operations. It provides toxicology, clinical pharmacogenetics, and esoteric testing services. The company also offers Advantage, a HIPAA compliant software; Clinlab, a Windows-based Web-enabled laboratory information management system; and Medical Mime, a suite of solutions, which include an optimized Electronic health records (EHR) for substance abuse and behavioral health providers, a dictation-based ambu...

400 South Australian Avenue

8th Floor

West Palm Beach, FL 33401

United States

Founded in 2005

98 Employees

Phone:

561-855-1626

Key Executives for Rennova Health, Inc.

Rennova Health, Inc. does not have any Key Executives recorded.

Rennova Health, Inc. Key Developments

Rennova Health, Inc. Proposes Amendment to Certificate of Incorporation

Rennova Health, Inc. announced the postponement of its special meeting of stockholders to May 9, 2018 to approve an amendment to certificate of incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of common stock, par value $0.01 per share, at a specific ratio within a range of 1-for-50 to 1-for-300, and to grant authorization to Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse stock split any time before March 1, 2019, subject to the Board of Directors discretion to abandon such amendment and to approve an amendment to certificate of incorporation, as amended, to increase the number of authorized shares of common stock from 500,000,000 to 3,000,000,000 shares.

Rennova Health, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2017

Rennova Health, Inc. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net revenues of $4,619,473 compared with $3,338,425 for 2016. Loss from continuing operations before other income (expense) and income taxes was $16,076,107 compared with $22,491,907 for 2016. Net loss from continuing operations before income taxes was $49,905,300 compared with $23,403,404 for 2016. Net loss from continuing operations was $50,921,024 compared with $22,624,648 for 2016. Net loss to common shareholders was $108,539,561 or $47.02 per basic and diluted share compared with $32,613,687 or $452.58 per basic and diluted share for 2016. The increase in net revenues is mainly due to the $1.8 million of net revenue in 2017 from Big South Fork Medical Center, which began operating on August 8, 2017, partially offset by the $0.5 decline in Clinical Laboratory Operations revenue resulting from a decrease of 79.6% in insured test volume in 2017 as compared to 2016, as a number of large third party payers are now generally unwilling to reimburse service providers who are not part of their network, a departure from prior industry practices.

Rennova Health Seeks Acquisitions

Rennova Health, Inc. (OTCPK:RNVA) seeks further acquisitions.

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Private Placement
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