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Rennova acquires Tennessee hospital

West Palm Beach, Fla.-based Rennova Health has completed the acquisition of Jellico (Tenn.) Community Hospital and CarePlus Center in Williamsburg, Ky.

The total cost of the acquisition is roughly $908,000. Rennova President and CEO Seamus Lagan said Jellico Community Hospital and CarePlus Center are expected to generate approximately $12 million in collectible net revenue per year.

With the addition of the new facilities, Rennova owns three hospitals and two physician offices.

More articles on healthcare industry transactions:

Colorado hospitals end merger talks
Bankrupt California hospital chain closes $235M sale
CHS sells 4 South Carolina hospitals for $176M

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