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)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!