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)

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 Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools 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!