Three things to know:
1. On June 1, Rennova acquired an 85-bed hospital in Jamestown, Tenn., from CHS.
2. Rennova paid CHS $635,096 in cash, which included $35,735 in closing costs, according to a recent Securities and Exchange Commission filing.
3. After factoring in additional costs associated with the deal, the total cost of the acquisition to Rennova was approximately $1.1 million.
More articles on healthcare finance:
CHS expects $900M gain from hospital divestitures in 2019
Tenet shares jump after update from CEO
Private equity pushes into healthcare: 8 latest deals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.