FOXO Technologies Inc. finalizes acquisition deal for Myrtle Recovery Centers, Inc. and secures $2.8 million in Senior Notes
Acquiring Company
FOXO Technologies
Acquired Company
Myrtle Recovery Centers
West Palm BeachBiotechnologyHealth CareresearchInformation TechnologyInformation ServicesBusiness Information SystemsManagement Information SystemsDescription
FOXO Technologies Inc. has secured up to $2.8 million in Senior Notes from an institutional investor to fund the previously announced acquisition of Myrtle Recovery Centers, Inc. The additional working capital will support the Company’s growth strategy and the acquisition of Scott County Community Hospital, Inc. This acquisition is expected to be transformative for FOXO Technologies Inc., as the acquired business generated approximately $18.7 million in net revenue and $5.2 million in net income for the twelve months ended December 31, 2023.
Quick answer
FOXO Technologies is acquiring Myrtle Recovery Centers for $2.8 million, announced June 18, 2024. FOXO Technologies is based in West Palm Beach, Florida, United States.
- How much did FOXO Technologies pay for Myrtle Recovery Centers?
- The reported deal value is $2.8 million.
- What does FOXO Technologies do?
- FOXO Technologies is transforming the global longevity insurance industry with a next-generation underwriting protocol and consumer engagement platform based on epigenetic technology and insights.
- Where are FOXO Technologies and Myrtle Recovery Centers based?
- FOXO Technologies is based in West Palm Beach, Florida, United States.
- Who are the decision-makers at FOXO Technologies?
- Fundz holds 2 contacts at FOXO Technologies. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at FOXO Technologies, and when
When FOXO Technologies changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day FOXO Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at FOXO Technologies, from your own LinkedIn network
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Frequently asked
Who acquired Myrtle Recovery Centers?
Myrtle Recovery Centers was acquired by FOXO Technologies, based in West Palm Beach. The deal was reported on June 18, 2024. FOXO Technologies is transforming the global longevity insurance industry with a next-generation underwriting protocol and consumer engagement platform based on epigenetic technology and insights. FOXO Technologies is publicly traded (FOXO) and operates in Biotechnology.
When did FOXO Technologies acquire Myrtle Recovery Centers?
FOXO Technologies's acquisition of Myrtle Recovery Centers was reported on June 18, 2024. FOXO Technologies Inc. has secured up to $2.8 million in Senior Notes from an institutional investor to fund the previously announced acquisition of Myrtle Recovery Centers, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Myrtle Recovery Centers do?
Information not available It is privately held, operating in Information Technology.
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