# FOXO Technologies Secures License to Expand Myrtle Recovery Center in Tennessee

- URL: https://stocks.freetheai.org/news/foxo-technologies-secures-license-to-expand-myrtle-recovery-center-in-tennessee-6677eb
- Published: 2026-10-19T13:40:00Z
- Category: company_news; sentiment: bullish; impact: low
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FOXO Technologies Inc. (FOXOD) announced that its subsidiary, Myrtle Recovery Centers, has secured a state license from Tennessee to expand its facility in Oneida. The approval allows the center to increase its capacity from 30 to 32 beds while broadening its services to care for patients who have co-occurring medical needs in addition to substance use disorders.

The expansion comes as the Oneida location operates near full capacity. In 2026, the facility treated over 500 patients and logged more than 7,500 patient days. Adding bed capacity and offering specialized medical care could improve patient reimbursement rates and raise incremental revenue, helping the unit meet strong ongoing healthcare demand.

Investors will be watching for future updates on financial metrics, including specific revenue or earnings contributions from the expanded beds. Further catalysts could include potential corporate acquisitions or additional capacity growth across the company's healthcare portfolio.

## Key points

- FOXO Technologies Inc. (FOXOD) subsidiary Myrtle Recovery Centers earned a Tennessee license to grow its Oneida facility from 30 to 32 beds.
- The location is expanding service offerings to treat patients with both medical conditions and substance use disorders.
- The Oneida facility operates near full capacity, having served more than 500 patients in 2026.
- Myrtle Recovery Centers recorded over 7,500 patient days during 2026.

## Questions and answers

### How many beds is Myrtle Recovery Centers adding to its Oneida location?

Myrtle Recovery Centers received a license to expand its Oneida facility from 30 to 32 beds, adding two beds to meet strong patient demand.

### What new services is FOXO Technologies offering at the Tennessee facility?

The company is expanding care at the Oneida facility to treat patients with medical needs alongside substance use disorder.

### How many patients did the Oneida facility treat in 2026?

The Oneida location served more than 500 patients and recorded over 7,500 patient days in 2026 while operating near full capacity.