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

WEST PALM BEACH, FL, Oct. 19, 2026 (GLOBE NEWSWIRE) -- FOXO Technologies Inc.’s (OTC: FOXO) (“FOXO”) is pleased to announce that its subsidiary, Myrtle Recovery Centers, Inc. (“Myrtle”), recently received its license from Tennessee Department of Mental Health and Substance Abuse Services to allow it to expand its flagship facility in Oneida, Tennessee from 30 beds to 32 beds (consisting of 16 residential beds and 16 detox beds).

In addition, the facility, more recently, has expanded its patient care focus to include patients with medical care needs in addition to substance use disorder care needs. Myrtle is able to offer a wide range of services to these patients, in part, based on its close relationship with its host hospital, Big South Fork Medical Center, an affiliate of Myrtle.

Since inception in September 2023, Myrtle has admitted over 1,300 patients providing care for nearly 20,000 patient days. In 2026, Myrtle admitted over 500 patients (over 7,500 patient days) to its Oneida facility.

“We are pleased that the State of Tennessee has recently granted us a license to expand our operations in Oneida. The facility is experiencing significant, increased demand for our services from patients throughout East Tennessee,” stated Bob Merritt, Chief Executive Officer of Myrtle. “This demand is a testament to the quality of service our team provides.”
“The two additional beds create additional capacity and revenue opportunity for Myrtle,” noted Seamus Lagan, Chief Executive Officer of FOXO. He further commented, “the facility has been close to full capacity for over a year now and significant demand for services and a refined business model gives us the confidence to seek expansion and acquisition opportunities.”

About FOXO Technologies Inc. (“FOXO”)

FOXO owns and operates four key subsidiaries.

Rennova Community Health, Inc., owns and operates Scott County Community Hospital, Inc. (d/b/a Big South Fork Medical Center), a critical access designated (CAH) hospital in East Tennessee.

Myrtle Recovery Centers, Inc., a 32-bed behavioral health facility in East Tennessee. Myrtle provides inpatient services for detox and residential treatment and outpatient services for MAT and OBOT Programs.

Vector BioSource, Inc. is an information, data and biospecimen sourcing provider serving the biotechnology, clinical research and pharmaceutical research industries.

FOXO Labs, Inc. is a biotechnology company dedicated to improving human health and life span through the development of cutting-edge technology and product solutions for various industries.

For more information about FOXO, visit www.foxotechnologies.com.

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No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of FOXO, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offer of securities will be made only by means of a registration statement or prospectus filed with, or an applicable exemption from the registration requirements of, the Securities Act of 1933, as amended.

Contact:
Sebastien Sainsbury
ssainsbury@foxotechnologies.com
(561) 485-0151

Released October 19, 2026