{"success":true,"data":{"pressRelease":{"id":"172821","rtpr_id":"nGNX9r3sXY-20261019","ticker":"FOXO","exchange":"OTC","all_tickers":["FOXO"],"title":"FOXO TECHNOLOGIES INC.’S SUBSIDIARY, MYRTLE RECOVERY CENTERS, INC., ANNOUNCES EXPANSION OF ITS FLAGSHIP FACILITY AND FOCUS ON SUBSTANCE USE DISORDER PATIENTS WITH RELATED MEDICAL CARE NEEDS","author":"Globe Newswire","published_at":"2026-10-19T13:40:59.088Z","article_body":"WEST PALM BEACH, FL, Oct. 19, 2026 (GLOBE NEWSWIRE) -- FOXO Technologies\nInc.’s (OTC: FOXO) (“FOXO”) is pleased to announce that its\nsubsidiary, Myrtle Recovery Centers, Inc. (“Myrtle”), recently received\nits license from Tennessee Department of Mental Health and Substance Abuse\nServices to allow it to expand its flagship facility in Oneida, Tennessee from\n30 beds to 32 beds (consisting of 16 residential beds and 16 detox beds).\n\nIn addition, the facility, more recently, has expanded its patient care focus\nto include patients with medical care needs in addition to substance use\ndisorder care needs. Myrtle is able to offer a wide range of services to these\npatients, in part, based on its close relationship with its host hospital, Big\nSouth Fork Medical Center, an affiliate of Myrtle.\n\nSince inception in September 2023, Myrtle has admitted over 1,300 patients\nproviding care for nearly 20,000 patient days. In 2026, Myrtle admitted over\n500 patients (over 7,500 patient days) to its Oneida facility.\n\n“We are pleased that the State of Tennessee has recently granted us a\nlicense to expand our operations in Oneida. The facility is experiencing\nsignificant, increased demand for our services from patients throughout East\nTennessee,” stated Bob Merritt, Chief Executive Officer of Myrtle. “This\ndemand is a testament to the quality of service our team provides.” \n“The two additional beds create additional capacity and revenue opportunity\nfor Myrtle,” noted Seamus Lagan, Chief Executive Officer of FOXO. He further\ncommented, “the facility has been close to full capacity for over a year now\nand significant demand for services and a refined business model gives us the\nconfidence to seek expansion and acquisition opportunities.”\n\nAbout FOXO Technologies Inc. (“FOXO”)\n\nFOXO owns and operates four key subsidiaries.\n\nRennova Community Health, Inc., owns and operates Scott County Community\nHospital, Inc. (d/b/a Big South Fork Medical Center), a critical access\ndesignated (CAH) hospital in East Tennessee.\n\nMyrtle Recovery Centers, Inc., a 32-bed behavioral health facility in East\nTennessee. Myrtle provides inpatient services for detox and residential\ntreatment and outpatient services for MAT and OBOT Programs.\n\nVector BioSource, Inc. is an information, data and biospecimen sourcing\nprovider serving the biotechnology, clinical research and pharmaceutical\nresearch industries.\n\nFOXO Labs, Inc. is a biotechnology company dedicated to improving human health\nand life span through the development of cutting-edge technology and product\nsolutions for various industries.\n\nFor more information about FOXO, visit www.foxotechnologies.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements that include words such\nas \"expects,\" \"anticipates,\" \"believes,\" \"intends,\" \"plans,\" \"projects,\"\n\"estimates,\" \"may,\" \"will,\" \"should,\" \"could,\" or similar expressions, are\nforward-looking statements. These statements are not historical facts,\nincluding statements about the FOXO’s beliefs and expectations, are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties, and a number of factors could cause actual results to\ndiffer materially from those contained in any forward-looking statement. These\nfactors include, but are not limited to the risk of changes in the competitive\nand highly regulated industries in which FOXO operates; variations in\noperating performance across competitors or changes in laws and regulations\naffecting FOXO’s business; the ability to implement FOXO’s business plans,\nforecasts, and other expectations; the ability to obtain financing; the risk\nthat FOXO has a history of losses and may not achieve or maintain\nprofitability in the future; the enforceability of FOXO’s intellectual\nproperty, including its patents and the potential infringement on the\nintellectual property rights of others; and the risk of downturns and a\nchanging regulatory landscape in the highly competitive industries in which\nFOXO operates. The foregoing list of factors is not exhaustive. Readers should\ncarefully consider the foregoing factors and the other risks and uncertainties\ndiscussed in FOXO’s most recent reports on Forms 10-K and 10-Q, particularly\nthe “Risk Factors” sections of those reports, and in other documents FOXO\nhas filed, or will file, with the SEC. These filings identify and address\nother important risks and uncertainties that could cause actual events and\nresults to differ materially from those contained in the forward-looking\nstatements. Forward-looking statements speak only as of the date they are\nmade. Readers are cautioned not to put undue reliance on forward-looking\nstatements, and FOXO assumes no obligation and does not intend to update or\nrevise these forward-looking statements, whether as a result of new\ninformation, future events, or otherwise.\n\nNo Offer or Solicitation\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell, or a solicitation of an offer to buy, any securities of\nFOXO, nor shall there be any sale of securities in any jurisdiction in which\nsuch offer, solicitation, or sale would be unlawful. Any offer of securities\nwill be made only by means of a registration statement or prospectus filed\nwith, or an applicable exemption from the registration requirements of, the\nSecurities Act of 1933, as amended.\n\nContact:\nSebastien Sainsbury\nssainsbury@foxotechnologies.com \n(561) 485-0151\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/99dbae4d-1246-4df7-b93c-275736927771)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9r3sXY-20261019","title":"FOXO TECHNOLOGIES INC.’S SUBSIDIARY, MYRTLE RECOVERY CENTERS, INC., ANNOUNCES EXPANSION OF ITS FLAGSHIP FACILITY AND FOCUS ON SUBSTANCE USE DISORDER PATIENTS WITH RELATED MEDICAL CARE NEEDS","author":"Globe Newswire","ticker":"FOXO","created":"2026-10-19T13:40:59.088Z","tickers":["FOXO"],"exchange":"OTC","article_body":"WEST PALM BEACH, FL, Oct. 19, 2026 (GLOBE NEWSWIRE) -- FOXO Technologies\nInc.’s (OTC: FOXO) (“FOXO”) is pleased to announce that its\nsubsidiary, Myrtle Recovery Centers, Inc. (“Myrtle”), recently received\nits license from Tennessee Department of Mental Health and Substance Abuse\nServices to allow it to expand its flagship facility in Oneida, Tennessee from\n30 beds to 32 beds (consisting of 16 residential beds and 16 detox beds).\n\nIn addition, the facility, more recently, has expanded its patient care focus\nto include patients with medical care needs in addition to substance use\ndisorder care needs. Myrtle is able to offer a wide range of services to these\npatients, in part, based on its close relationship with its host hospital, Big\nSouth Fork Medical Center, an affiliate of Myrtle.\n\nSince inception in September 2023, Myrtle has admitted over 1,300 patients\nproviding care for nearly 20,000 patient days. In 2026, Myrtle admitted over\n500 patients (over 7,500 patient days) to its Oneida facility.\n\n“We are pleased that the State of Tennessee has recently granted us a\nlicense to expand our operations in Oneida. The facility is experiencing\nsignificant, increased demand for our services from patients throughout East\nTennessee,” stated Bob Merritt, Chief Executive Officer of Myrtle. “This\ndemand is a testament to the quality of service our team provides.” \n“The two additional beds create additional capacity and revenue opportunity\nfor Myrtle,” noted Seamus Lagan, Chief Executive Officer of FOXO. He further\ncommented, “the facility has been close to full capacity for over a year now\nand significant demand for services and a refined business model gives us the\nconfidence to seek expansion and acquisition opportunities.”\n\nAbout FOXO Technologies Inc. (“FOXO”)\n\nFOXO owns and operates four key subsidiaries.\n\nRennova Community Health, Inc., owns and operates Scott County Community\nHospital, Inc. (d/b/a Big South Fork Medical Center), a critical access\ndesignated (CAH) hospital in East Tennessee.\n\nMyrtle Recovery Centers, Inc., a 32-bed behavioral health facility in East\nTennessee. Myrtle provides inpatient services for detox and residential\ntreatment and outpatient services for MAT and OBOT Programs.\n\nVector BioSource, Inc. is an information, data and biospecimen sourcing\nprovider serving the biotechnology, clinical research and pharmaceutical\nresearch industries.\n\nFOXO Labs, Inc. is a biotechnology company dedicated to improving human health\nand life span through the development of cutting-edge technology and product\nsolutions for various industries.\n\nFor more information about FOXO, visit www.foxotechnologies.com.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements that include words such\nas \"expects,\" \"anticipates,\" \"believes,\" \"intends,\" \"plans,\" \"projects,\"\n\"estimates,\" \"may,\" \"will,\" \"should,\" \"could,\" or similar expressions, are\nforward-looking statements. These statements are not historical facts,\nincluding statements about the FOXO’s beliefs and expectations, are\nforward-looking statements. Forward-looking statements involve inherent risks\nand uncertainties, and a number of factors could cause actual results to\ndiffer materially from those contained in any forward-looking statement. These\nfactors include, but are not limited to the risk of changes in the competitive\nand highly regulated industries in which FOXO operates; variations in\noperating performance across competitors or changes in laws and regulations\naffecting FOXO’s business; the ability to implement FOXO’s business plans,\nforecasts, and other expectations; the ability to obtain financing; the risk\nthat FOXO has a history of losses and may not achieve or maintain\nprofitability in the future; the enforceability of FOXO’s intellectual\nproperty, including its patents and the potential infringement on the\nintellectual property rights of others; and the risk of downturns and a\nchanging regulatory landscape in the highly competitive industries in which\nFOXO operates. The foregoing list of factors is not exhaustive. Readers should\ncarefully consider the foregoing factors and the other risks and uncertainties\ndiscussed in FOXO’s most recent reports on Forms 10-K and 10-Q, particularly\nthe “Risk Factors” sections of those reports, and in other documents FOXO\nhas filed, or will file, with the SEC. These filings identify and address\nother important risks and uncertainties that could cause actual events and\nresults to differ materially from those contained in the forward-looking\nstatements. Forward-looking statements speak only as of the date they are\nmade. Readers are cautioned not to put undue reliance on forward-looking\nstatements, and FOXO assumes no obligation and does not intend to update or\nrevise these forward-looking statements, whether as a result of new\ninformation, future events, or otherwise.\n\nNo Offer or Solicitation\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell, or a solicitation of an offer to buy, any securities of\nFOXO, nor shall there be any sale of securities in any jurisdiction in which\nsuch offer, solicitation, or sale would be unlawful. Any offer of securities\nwill be made only by means of a registration statement or prospectus filed\nwith, or an applicable exemption from the registration requirements of, the\nSecurities Act of 1933, as amended.\n\nContact:\nSebastien Sainsbury\nssainsbury@foxotechnologies.com \n(561) 485-0151\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/99dbae4d-1246-4df7-b93c-275736927771)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-19T13:40:59.129568659Z","server_sent_at_ms":1792417259129},"received_at":"2026-10-19T13:40:59.180Z","source_url":null},"analysis":{"id":"160935","press_release_id":"172821","analysis_json":{"industry":{"label":"Health Care Providers & Facilities","sector":"Health Care"},"redFlags":["capacity increase is only two beds -- commercially minor","no revenue or financial figures disclosed to quantify the impact"],"eventType":"operations_update","narrative":"FOXO Technologies' subsidiary Myrtle Recovery Centers received a Tennessee state license to expand its Oneida flagship facility from 30 to 32 beds.\n\nThe facility has also broadened its focus to treat substance use disorder patients with additional medical care needs, supported by its affiliate hospital Big South Fork Medical Center.\n\nSince launching in September 2023, Myrtle has admitted over 1,300 patients and logged nearly 20,000 patient days, with the facility near full capacity for over a year. Management says the added capacity creates revenue opportunity and gives it confidence to pursue expansion and acquisition opportunities.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap subsidiary expands behavioral-health capacity at near-full-occupancy facility -- modest growth signal, low market impact."},"keyFigures":{"customDimensions":{"beds_after":32,"beds_before":30,"patient_days_2026":7500,"patients_admitted_2026":500,"patient_days_since_inception":20000,"patients_admitted_since_inception":1300}},"quotedText":"The two additional beds create additional capacity and revenue opportunity for Myrtle","namedEntities":{"people":[{"name":"Bob Merritt","role":"CEO of Myrtle Recovery Centers"},{"name":"Seamus Lagan","role":"CEO of FOXO Technologies"},{"name":"Sebastien Sainsbury","role":"media contact"}],"products":[],"companies":[{"name":"FOXO Technologies Inc.","ticker":"FOXO","relationship":"filer"},{"name":"Myrtle Recovery Centers, Inc.","relationship":"subsidiary"},{"name":"Big South Fork Medical Center","relationship":"subsidiary affiliate (host hospital)"},{"name":"Rennova Community Health, Inc.","relationship":"subsidiary"},{"name":"Vector BioSource, Inc.","relationship":"subsidiary"},{"name":"FOXO Labs, Inc.","relationship":"subsidiary"},{"name":"Tennessee Department of Mental Health and Substance Abuse Services","relationship":"regulator"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Modest capacity expansion (30 to 32 beds) at a subsidiary facility plus a broadened patient-care focus. Incremental revenue opportunity but very small scale for the filer; no financial figures disclosed."},"tickerRelevance":{"others":[],"primary":"FOXO"},"globalImportance":8,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap OTC","eventGravity":"minor operational expansion","subsidiaryLevel":true,"financialDisclosure":"none"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"FOXO Technologies' subsidiary Myrtle Recovery Centers received a Tennessee state license to expand its Oneida flagship facility from 30 to 32 beds.\n\nThe facility has also broadened its focus to treat substance use disorder patients with additional medical care needs, supported by its affiliate hospital Big South Fork Medical Center.\n\nSince launching in September 2023, Myrtle has admitted over 1,300 patients and logged nearly 20,000 patient days, with the facility near full capacity for over a year. Management says the added capacity creates revenue opportunity and gives it confidence to pursue expansion and acquisition opportunities.","key_figures":{"customDimensions":{"beds_after":32,"beds_before":30,"patient_days_2026":7500,"patients_admitted_2026":500,"patient_days_since_inception":20000,"patients_admitted_since_inception":1300}},"named_entities":{"people":[{"name":"Bob Merritt","role":"CEO of Myrtle Recovery Centers"},{"name":"Seamus Lagan","role":"CEO of FOXO Technologies"},{"name":"Sebastien Sainsbury","role":"media contact"}],"products":[],"companies":[{"name":"FOXO Technologies Inc.","ticker":"FOXO","relationship":"filer"},{"name":"Myrtle Recovery Centers, Inc.","relationship":"subsidiary"},{"name":"Big South Fork Medical Center","relationship":"subsidiary affiliate (host hospital)"},{"name":"Rennova Community Health, Inc.","relationship":"subsidiary"},{"name":"Vector BioSource, Inc.","relationship":"subsidiary"},{"name":"FOXO Labs, Inc.","relationship":"subsidiary"},{"name":"Tennessee Department of Mental Health and Substance Abuse Services","relationship":"regulator"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-19T13:41:04.728Z","global_importance":8,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap OTC","eventGravity":"minor operational expansion","subsidiaryLevel":true,"financialDisclosure":"none"}},"durationMs":5537,"modelName":"glm-5.3-flashx"}}