Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Healthcor Management Further Invests in CareView Communications Inc (CRVW)

Arthur Cohen and Joseph Healey‘s hedge fund Healthcor Management has further increased its exposure to CareView Communications Inc (OTCBB:CRVW). Healthcor currently owns around 55.63 million shares, versus 39.13 million disclosed earlier this month. In this way, following the increase, the fund’s position amasses 28.6% of the CareView’s common stock.

Arthur B Cohen and Joseph Healey

The fund has raised its stake through the conversion of warrants to acquire shares. Earlier Healthcor has acquired a total of 4.0 million warrants, which gave it the right to buy a total of 4.0 million shares, at a price of $0.4 apiece. Aside from that, the fund also converted Senior Secured Convertible Note due 2024 into another 12.5 million shares of  CareView Communications Inc (OTCBB:CRVW)’s common stock.

At the end of last month, Healthcor also upped its position in CareView Communications Inc (OTCBB:CRVW), through purchasing notes and warrants, from 38.31 million shares held earlier. Overall, in the past several months, Healthcor managed to significantly solidify its stake in the company, raising it from 21.6% held in October.

All these moves fall under the agreement between Healthcor and CareView Communications Inc (OTCBB:CRVW), under the terms of which the parties agreed that the investor will invest around $5.0 million in the company through acquiring senior convertible notes.

CareView Communications Inc (OTCBB:CRVW) is a micro cap healthcare company, which is engaged in patient care monitoring, safety and security solutions.

With an equity portfolio of over $1.86 billion, Healthcor is engaged primarily in investing in healthcare stocks. In the past couple of months, the fund disclosed several significant moves, among which is reducing the position in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) to 10 million shares, from 11 million held earlier, and the addition of Five Prime Therapeutics Inc (NASDAQ:FPRX), in which the fund currently holds a 5.73% stake.

Disclosure: none

Recommended Reading:

Hedge Fund News: Alan Howard, Bill Ackman & George Soros

David A. Lorber Boosts His Stake at Ferro Corporation (FOE)

Shah Capital Management Buys 1.0 Mln Shares of UTStarcom Holdings Corp (UTSI)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!