Healthcor Management Increases Holding in CareView Communications Inc (CRVW)

Arthur Cohen and Joseph Healey‘s Healthcor Management has upped its exposure to CareView Communications Inc (OTCBB:CRVW). Healthcor currently owns around 39.13 million shares of the company, up from 38.31 million held earlier. The stake amasses 22% of the company’s stock.

The fund holds the shares in the form of Notes and Warrants. The recent increase in the position represents the interest paid for Senior Secured Convertible Note due 2021  and Senior Secured Convertible Note due 2022. The interest accrual is equal to a total of 828,846 shares of common stock.

Arthur B Cohen and Joseph Healey

CareView Communications Inc (OTCBB:CRVW), provides information technology, to the healthcare industry. Recently, the company entered into a Binding Term Sheet with HealthCor Partners Management, L.P., wherein, the company issued $5 million worth of a Senior Convertible Note with a maturity of 10 years. For the first 1-5 years of the Note will pay an interest of 12.5% compounded quarterly. During the latter half of the maturity of the Note, ie., 6-10 years, the Note will pay an interest of 10.0%, compounded quarterly.

Arthur Cohen and Joseph Healey’s HealthCor Management, earlier, reduced its stake in  eHealth, Inc. (NASDAQ:EHTH) to 1.73 million by selling 525,000 shares at a price of $43 per share. The fund, later in mid-November, added Five Prime Therapeutics Inc (NASDAQ:FPRX) amassing 965,000 shares. While, in mid-December, the hedge fund trimmed its stake in Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), to 10.0 million shares from 11.0 million shares.

HealthCor Management has 5.05% of its portfolio invested in Gilead Sciences, Inc. (NASDAQ:GILD), holding 1.5 million shares worth $94.31 million. The fund had sold 29% of its stake in the company in the third quarter of 2013. The fund also holds 2.3 million shares of ArthroCare Corporation (NASDAQ:ARTC), worth $81.83 million.

Disclosure: none

Recommended Reading:

Edward Lampert Receives Some Sears Holdings Corp (SHLD) Shares

Eric Bannasch’s Cadian Capital Increases Stake in COMSCORE, Inc. (SCOR) to 10%

Bandera Partners Reveals Moves into Tandy Leather Factory, Inc. (TLF), Ambassadors Group Inc (EPAX), & Morgan’s Foods, Inc. (MRFD)

Comments
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

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

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

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!