WEST PALM BEACH, Fla., Jan. 06, 2021 (GLOBE NEWSWIRE) — Rennova Well being, Inc. (OTC: RNVA), (OTC: RNVAW) (“Rennova” or the “Firm”), an proprietor and operator of rural hospitals in Tennessee, broadcasts that on December 31. 2020, it accomplished an settlement with InnovaQor, Inc. (OTC: INOQ) (InnovaQor) a CO based mostly public firm, to merge its software program and genetic testing interpretation divisions, Well being Know-how Options, Inc. (HTS) and Superior Molecular Companies Group, Inc., (AMSG) and their subsidiaries into InnovaQor. After closing these entities will function as wholly owned subsidiaries of InnovaQor. Closing is topic to plenty of customary circumstances for a transaction of this nature and is meant to occur on or earlier than January 31. 2021.
InnovaQor has beforehand accomplished a license settlement giving it sure rights to property and expertise from TPT World Tech, Inc’s. (OTC: TPTW) proprietary dwell streaming communication expertise. As a part of the License settlement InnovaQor and TPT have agreed a improvement venture to create a subsequent technology telehealth kind platform. It’s meant to mix the TPT and Rennova property and expertise into a wise telephone and pc accessible healthcare platform to facilitate a affected person’s quick entry to healthcare and their native hospital or docs workplace, for preliminary session, scheduling of appointments and observe on care and different added worth companies that could be one off or recurring.
InnovaQor has agreed to finish the mandatory steps and SEC filings with the intent to facilitate TPT shareholders receiving roughly 2,500,000 shares in InnovaQor, and Rennova Well being, Inc. shareholders receiving roughly $5M of Choice shares which will probably be transformed to widespread shares. As described within the settlement TPT will retain direct possession of an additional 2,500,000 shares and Rennova will retain possession of an extra $17.5M of Choice shares with sure conversion rights and restrictions, in InnovaQor. A further 1,000,000 shares in InnovaQor will probably be allotted to TPT or its’ assignees as an incentive to help in product improvement.
“Rennova has beforehand disclosed its intention to separate its expertise and software program divisions. This settlement with InnovaQor finalizes these plans and the expertise being contributed to the venture by TPT creates an thrilling alternative to revolutionize the best way sufferers entry healthcare and continued aftercare”, stated Seamus Lagan, CEO of Rennova Well being “We see first-hand the necessity our rural hospitals should safe and retain sufferers. The product envisaged right here will create immense worth for a lot of well being care suppliers and supply a everlasting resolution to the present and doubtless prolonged reluctance of many individuals within the present pandemic to go to docs’ practices and hospitals for preliminary consultations. A telephone based mostly product that reduces a delay in entry to healthcare and higher manages ongoing care will save lives”
About Rennova Well being, Inc.
Rennova operates three rural hospitals and a doctor’s workplace in Tennessee and a doctor’s workplace in Kentucky and gives industry-leading diagnostics and supportive software program options to healthcare suppliers. By an ever-expanding group of strategic manufacturers that work in unison to empower prospects, we’re creating the subsequent technology of healthcare. For extra info, please go to www.rennovahealth.com
This press launch consists of “forward-looking statements” inside the which means of the protected harbor provisions of the USA Personal Securities Litigation Reform Act of 1995. Precise outcomes might differ from expectations and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Phrases similar to “anticipate,” “estimate,” “venture,” “funds,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed,” and comparable expressions are meant to establish such forward-looking statements. These forward-looking statements contain important dangers and uncertainties that might trigger the precise outcomes to vary materially from the anticipated outcomes. Further info regarding these and different danger elements are contained within the Firm’s most up-to-date filings with the Securities and Change Fee. The Firm cautions readers to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. The Firm doesn’t undertake or settle for any obligation or endeavor to launch publicly any updates or revisions to any forward-looking statements to mirror any change of their expectations or any change in occasions, circumstances or circumstances on which any such assertion relies, besides as required by legislation.
Rennova Well being
Sebastien Sainsbury, 561-666-9818
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