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)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!