FOXO Technologies Expands Mental Health Services with New Funds
FOXO Technologies Inc. Enhances Behavioral Health Programs
FOXO Technologies Inc. (NYSE American: FOXO) is making significant strides in the field of behavioral health care through its subsidiary, Myrtle Recovery Centers, Inc. Recently, Myrtle has been approved to receive continued funding from local authorities to enhance its services. This funding will play a crucial role in delivering care to uninsured patients in a rural community.
A Second Year of Support for Myrtle Recovery Centers
The second consecutive year of approval for the Scott County Opioid Abatement Funds marks an important milestone for Myrtle Recovery Centers. This initiative, starting on July 1, builds upon previous successes, allowing the facility to broaden its offerings to patients who often lack access to the essential care they need.
CEO Perspectives on Growth and Impact
Robert Merritt, CEO of Myrtle Recovery Centers, expressed gratitude for the ongoing support from Scott County. He emphasized the center's commitment to serving the community and noted the operational capacity of their facility, which has reached its limits, indicative of the growing need for such essential services. Merritt stated, "To receive this support for a second year running, combined with our facility operating at capacity and a waiting list of patients, is an acknowledgment of the quality of care provided by our clinical team. We are eager to extend our footprint and further implement our clinical programs to accommodate more patients."
Contributions to Rural Health Initiatives
The funding provided allows Myrtle Recovery Centers to continuously aid those who might otherwise struggle to access mental health services. This is particularly vital in rural areas where resources are often limited. The center offers a range of services, including inpatient detoxification, residential treatment, and outpatient programs designed for medications that assist in the recovery process.
Vision and Future Expansion
Seamus Lagan, the CEO of FOXO Technologies, has mirrored Merritt's sentiments regarding the significant impact Myrtle has made in the communities it serves. He pointed out the noteworthy increase in operations and the positive influence on rural healthcare access. Looking forward, Lagan expressed excitement about the future expansion of Myrtle into new locations through both organic growth and strategic acquisitions.
Expected Contributions to FOXO's Growth
The optimistic outlook for Myrtle Recovery Centers holds promise for FOXO Technologies as a whole, suggesting that this subsidiary will become a vital revenue source and bring added value in upcoming years. This reflects a broader vision of not only expanding service offerings but also enhancing the quality of care provided to vulnerable populations.
About FOXO Technologies Inc.
FOXO Technologies Inc. operates with a clear focus on improving healthcare accessibility through its three subsidiary businesses. Apart from Myrtle Recovery, they also manage Rennova Community Health, which includes the Scott County Community Hospital, serving the essential health needs of East Tennessee.
Commitment to Biotechnology Innovations
FOXO Labs, Inc. stands at the forefront of biotechnology, dedicated to developing innovative solutions aimed at improving human health and lifespan. The integration of advanced technology across various sectors illustrates FOXO's commitment to making a lasting difference.
Frequently Asked Questions
What recent funding has Myrtle Recovery Centers received?
Myrtle Recovery Centers has received Scott County Opioid Abatement Funds for a second year to support unhoused patients.
Who is the CEO of Myrtle Recovery Centers?
Robert Merritt is the Chief Executive Officer of Myrtle Recovery Centers, focusing on community healthcare.
What services does Myrtle Recovery Centers provide?
Myrtle offers inpatient detox services, residential treatment, and outpatient programs for medication-assisted treatment.
How does FOXO Technologies contribute to healthcare?
FOXO Technologies improves healthcare through its subsidiaries, including efforts in biotechnology and community health services.
What is the vision for Myrtle's future?
The vision includes expanding to new locations and enhancing service offerings through growth and acquisitions.
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