FOXO Technologies' rural hospital partners with Covenant Health for swing bed services.
ByAinvest
Friday, Aug 1, 2025 7:56 am ET1min read
FOXO--
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
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
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue

Comments
No comments yet