8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 or 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 16, 2022

Rennova Health, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-35141	68-0370244
(Commission File Number)	(I.R.S. Employer Identification No.)

400 S. Australian Avenue, Suite 800, West Palm Beach, Florida	33401
(Address of Principal Executive Offices)	(Zip Code)

(561) 855-1626

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered under Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

On June 16, 2022, Rennova Health, Inc. (the “Company”) issued a press release announcing that Seamus Lagan, our Chief Executive Officer, would be interviewed on Uptick Newswire’s “Stock Day” podcast with Sever Copley. A copy of the press release is attached hereto as Exhibit 99.1 and a transcript of the interview is attached hereto as Exhibit 99.2.

The information furnished pursuant to this Item 7.01, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Exhibit Description
99.1	Press Release dated June 16, 2022
99.2	Transcript of Interview of Seamus Lagan
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 16, 2022	RENNOVA HEALTH, INC.
	By:	/s/ Seamus Lagan
		Seamus Lagan
		Chief Executive Officer
		(principal executive officer)

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EX-99.1

Exhibit 99.1

RENNOVA HEALTH, INC. DISCUSSES PROGRESS AND PLANS FOR MENTAL AND BEHAVIORAL HEALTH DIVISION WITH THE STOCK DAY PODCAST

WEST PALM BEACH, Fla. (June 16, 2022) – Rennova Health, Inc. (OTC: RNVA) Chief Executive Officer Seamus Lagan joined Stock Day host Sever Copley to discuss progress with the business and the Company’s plans to develop a mental and behavioral health division.

Copley started off by asking about the performance of the current hospital operations. Lagan stated his belief that the business was now stabilized, helped by the recently secured Critical Access Designation, and that he believed the operations would now be cash flow positive and generate a profit.

Copley went on to ask about the status of previously discussed plans to add mental and behavioral health to the business. Lagan confirmed that a new division, Myrtle Recovery Centers, Inc., had been created and that the Company was finalizing a plan to utilize available space at owned properties to provide these services. Lagan further explained that having space available reduced the capital needs to minor refurbishment and decorating costs and confirmed the intention to employ someone with specific knowledge of the industry to head up this new division.

Copley then asked what could be expected over a two or three year period from the Company. Lagan explained the continued need for rural healthcare and the Company’s plans to refine and prove a profitable model to create a foundation for further acquisitions in the future.

Copley finished by asking what message Lagan would like the Company’s shareholders to take away from the interview. Lagan responded by confirming his confidence that the Company can deliver an excellent service to its customers and make a profit for its shareholders

To hear Seamus Lagan’s entire interview, follow the link to the podcast here:

Stock Day Media / RENNOVA HEALTH, INC. DISCUSSES PROGRESS AND PLANS FOR MENTAL AND BEHAVIORAL HEALTH DIVISION WITH THE STOCK DAY PODCAST (audioboom.com)

Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/

About Rennova Health, Inc.

Rennova Health, Inc. (“Rennova,” the “Company,” “we”, “us”, “its” or “our”) is a provider of health care services. The Company owns one operating hospital in Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in Jamestown, Tennessee that it plans to reopen, a physician’s practice in Jamestown, Tennessee that it plans to reopen and a rural clinic in Kentucky. For more information, please visit www.rennovahealth.com

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Contact:

Rennova Health

561-855-1626

info@rennovahealth.com

EX-99.2

Exhibit 99.2

Rennova Health Interview

CEO Seamus Lagan on Uptick Newswire June 2022

Speakers: Sever Copley and Seamus Lagan

Copley: Welcome to the Stock Day Media Podcast. I am your host Sever Copley, filling in for Everett Jolly. On today’s show, I’m bringing back a returning guest. The last time they were on the show was at the end of April of this year. I’m talking about none other than Rennova Health, Inc. They trade on the OTC Pinks under the ticker symbol ‘RNVA’, and with us today is the CEO of the company, Mr. Seamus Lagan. He is going to bring us up-to-speed. Seamus, it is nice to meet you and welcome back to the show.

Lagan: It’s very nice to meet you, Sever. Hopefully, Everett will be back soon. In the meantime, I look forward to speaking to you.

Copley: Seamus, I wanted to check in and ask how the hospital business was performing. You have previously told us that you believe this business is now stabilized. I wanted to ask if that means you expect the business to be profitable? And can you tell us what you’re going to do to make it happen?

Lagan: We believe the recently secured critical access designation will enable a cash flow break even and hopefully a small profit. Monitoring and managing costs is an ongoing exercise in the facility and we have a lot of effort being applied to finding full-time employees right now to replace higher agency staffing costs. We believe more permanent and vested employees will facilitate increased patient flow and in turn, increase revenues. The combined result of these improvements will insure the long-term success of the facility, and we are glad that we see this facility stabilizing and turning a corner compared to where we were one or two years ago.

Copley: When you were last on the show, you spoke of preliminary plans to add behavioral and mental health services to your business, which I think is awesome by the way. Mental health is such an underserved need across the whole United States. What is the status of those plans and how do you see them developing in the coming months?

Lagan: We have now created Myrtle Recovery Centers, Inc. as a new wholly-owned division to develop these plans. It is early days, but we have already had a third-party specialist firm complete a short feasibility study for us and this appears to be a sector where the need for mental and behavioral health services is an expanding market in Tennessee. We have unused space in the properties that we own that can be converted with minimal capital expenditure and utilized to provide these services. We’re currently finalizing a plan and staffing requirements, and we intend to find someone with specific knowledge and a proven track record in the industry to head up this division. We will have to secure some additional capital to complete a launch, but already owning the assets to operate from, significantly reduces that need to minor refurbishment and decorating costs and some carry costs. This is a division, Sever, that we believe could significantly increase our current revenues and get us to overall profitability. So, we’re excited and hopeful that we can get this up and running sooner rather than later.

Copley: That sounds exciting. Now, through a number of very difficult years, you kept going and with a lot of hard work you have persevered. Where do you see this company going over the next two to three years, and what risks do you still have to overcome to get there?

Lagan: We continue to see an opportunity with rural hospitals. We have been building a management team that understands the sector very well, and we have refined a lot of our operations. There’s no question that there is a need for a certain level of care that can be conveniently accessed by rural communities. That need will continue to drive this opportunity, and if we can prove a model of combining mental and behavioral health side by side with hospital services, I believe we’ll be back on an acquisition and growth trajectory in the next year. As you said, it has been a difficult few years and we have a lot of employees who have weathered rough times with us. It would be really nice to get back to constructive growth as opposed to restructuring and firefighting.

Copley: What message would you like to give to your stockholders and our listeners today?

Lagan: Sever, I continue to be very confident that this company can deliver an excellent service to its customers, and a profit for our shareholders. We continue to say that we’ve had a difficult time, but we continue to work very hard to deliver that service and get to profitability and I do firmly believe that we are on track to change the history and have a much more positive future start to evolve here over the next one, two, three years and more.

Copley: Mr. Seamus Lagan, he is the CEO of Rennova Health, Inc. They trade on the OTC Pinks under the ticker symbol ‘RNVA’. Seamus, thank you so much for coming on the show. Hopefully, we will see you in another 45 to 55 days to give us an update.

Lagan: Thank you very much for your time and we look forward to it.

XML

Cover	Jun. 16, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 16, 2022
Entity File Number	001-35141
Entity Registrant Name	Rennova Health, Inc.
Entity Central Index Key	0000931059
Entity Tax Identification Number	68-0370244
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	400 S. Australian Avenue
Entity Address, Address Line Two	Suite 800
Entity Address, City or Town	West Palm Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33401
City Area Code	(561)
Local Phone Number	855-1626
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false