FOXO Technologies Expands Operations with License Renewal

FOXO Technologies Expands Operations with License Renewal

In an exciting development, FOXO Technologies, Inc. (NYSE: FOXO) has announced a significant milestone regarding its behavioral health subsidiary, Myrtle Recovery Centers, Inc. This renewal confirms its operational license for the Oneida, TN location for another year, further solidifying its commitment to providing superior treatment facilities.

Myrtle Recovery Centers Continues to Thrive

Robert Merritt, CEO of Myrtle Recovery Centers, expressed enthusiasm about the renewal, stating, “We are pleased that the state renewed our operating license for another year. Currently, the facility is at full capacity, and we are managing a waiting list for future admissions.” This high demand highlights the center's effectiveness in offering essential services in a crucial health sector.

Plans for Future Expansion

Seamus Lagan, the Chief Executive Officer of FOXO Technologies, shared insights on future directions. He noted, “We are leveraging the success of Myrtle’s first operating location through active consideration of various strategic options for expansion.” It seems that the company is not only focused on maintaining its current services but is actively exploring opportunities to expand its reach, which may include opening additional locations and potential acquisitions in the behavioral health sector.

Understanding FOXO Technologies’ Structure

FOXO Technologies operates with a multifaceted approach, owning three subsidiaries that serve different aspects of health care and technology. First, Rennova Community Health, Inc. oversees Scott County Community Hospital, known as Big South Fork Medical Center, a critical access hospital located in East Tennessee.

Behavioral Health Services at Myrtle Recovery Centers

Myrtle Recovery Centers plays a pivotal role in FOXO’s portfolio, offering a 30-bed facility dedicated to behavioral health. The center provides a range of inpatient services for detoxification and residential treatment, alongside outpatient services catering to medication-assisted treatment (MAT) and office-based opioid treatment (OBOT). This comprehensive service model positions Myrtle at the forefront of addressing mental health and substance abuse issues.

Innovative Solutions through FOXO Labs

In addition to its behavioral health services, FOXO Labs, Inc. contributes to the overarching mission of improving human health. This biotechnology subsidiary focuses on developing advanced technologies and product solutions tailored to enhance various industries. Through its commitment to innovation, FOXO aims to lead in health sector advancements.

Company Contact Information

If you want to learn more about FOXO Technologies and its subsidiaries, you can reach out to Sebastien Sainsbury via email at ssainsbury@foxotechnologies.com or by phone at (561) 485-0151. They can provide further insights on the company's strategies, service offerings, and operational progress.

Frequently Asked Questions

What is FOXO Technologies, Inc. known for?

FOXO Technologies, Inc. is recognized for its diverse health-related subsidiaries, particularly in behavioral health and biotechnology sectors.

Where is Myrtle Recovery Centers located?

Myrtle Recovery Centers operates out of Oneida, TN, providing crucial inpatient and outpatient services for behavioral health.

What services does Myrtle Recovery Centers offer?

Myrtle Recovery Centers offers inpatient detoxification, residential treatment, and outpatient services including MAT and OBOT programs.

Who is the CEO of Myrtle Recovery Centers?

Robert Merritt is the CEO of Myrtle Recovery Centers, overseeing its operations and expansions.

How can I get more information about FOXO?

To learn more, you can contact the company via email or phone as provided above, or visit their official website.

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