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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