FOXO Technologies Inc. announced that its rural hospital, Big South Fork Medical Center in Tennessee, has completed a Performance Network Agreement with Covenant Health to provide swing bed services. This agreement enables patients requiring post-acute care to receive treatment closer to their families. The agreement is expected to facilitate patients' recovery and return to their communities.
FOXO Technologies Inc. (NYSE American: FOXO) has announced a significant development in its rural healthcare strategy. The company's Big South Fork Medical Center in Oneida, Tennessee, has completed a Performance Network Agreement with Covenant Health to provide swing bed services. This agreement aims to enhance post-acute care services, enabling patients to recover closer to their homes and families.
The agreement is part of FOXO's organic growth strategy to increase net revenues at the hospital. By joining Covenant Health's performance network, Big South Fork Medical Center will offer swing bed services to patients who no longer require acute care but need post-acute care to facilitate their recovery. This move aligns with the company's goal of expanding its service offerings and improving patient outcomes.
Hal Leftwich, CEO of Big South Fork Medical Center, highlighted the significance of the agreement. "This partnership is a testament to the quality of our services and our hospital's proximity to patient homes in this and surrounding communities, making us an attractive option for many patients in need of post-acute care," he stated.
Seamus Lagan, CEO of FOXO Technologies Inc., added, "Being part of Covenant Health’s performance network is consistent with our organic growth strategy of increasing net revenues at the hospital."
About FOXO Technologies Inc.
FOXO Technologies Inc. is a healthcare and biotechnology company that owns and operates three subsidiaries. Rennova Community Health, Inc. owns and operates Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center), a critical access designated (CAH) hospital in East Tennessee. Myrtle Recovery Centers, Inc. is a 30-bed behavioral health facility in East Tennessee, providing inpatient services for detox and residential treatment and outpatient services for MAT and OBOT Programs. FOXO Labs, Inc. is a biotechnology company dedicated to improving human health and life span through the development of cutting-edge technology and product solutions for various industries.
For more information about FOXO, visit www.foxotechnologies.com.
References:
[1] https://www.stocktitan.net/news/FOXO/foxo-technologies-inc-s-big-south-fork-medical-center-completes-48032s16f39n.html
[2] https://www.globenewswire.com/news-release/2025/08/01/3125730/0/en/FOXO-TECHNOLOGIES-INC-S-BIG-SOUTH-FORK-MEDICAL-CENTER-COMPLETES-PERFORMANCE-NETWORK-AGREEMENT-WITH-COVENANT-HEALTH-TO-PROVIDE-SWING-BED-SERVICES.html
Comments
No comments yet