Rennova Health, Inc. (NasdaqCM:RNVA) agreed to acquire substantially all assets of Pioneer Health Services of Oneida LLC from Pioneer Health Services, Inc. for $1 million on October 26, 2016. The purchase consideration comprises $0.6 million in cash, and $0.4 million assumption of certain liabilities. 10% of cash price is escrow deposit to be paid at closing. The deal is subject to bankruptcy court approval, execution of escrow agreement, government approval and third party approval. On December 23, 2016, Bankruptcy court approved the transaction. The transaction is expected to be completed in early January 2017. Elizabeth Warren of Bass, Berry & Sims plc acted as legal advisor to Rennova, while Caig M. Geno of Law Offices of Craig M. Geno, PLLC acted as legal advisor to Pioneer Health Services. Waller Lansden Dortch & Davis acted as legal advisor to both the buyer and the seller. Solic Capital Advisors acted as financial advisor to Pioneer Health Services, Inc. for a fee of 2% of cash purcahse price plus 20% of purchase price including assumed debt. Rennova Health, Inc. (NasdaqCM:RNVA) completed the acquisition of substantially all assets of Pioneer Health Services of Oneida LLC from Pioneer Health Services, Inc. for $1 million on January 13, 2017. As of February 9, 2017, Rennova received advances aggregating $3 million from Christopher Diamantis, one of its directors and it has used the advances to pay the purchase price under the previously announced asset purchase agreement to acquire certain assets related to Scott Community Hospital based in Oneida, Tennesee, and for general corporate purposes.