CareView to Issue Additional $5 Million Senior Secured Convertible Notes

CareView Communications (OTCBB: CRVW) has entered into an agreement to issue an additional $5 million of Senior Secured Convertible Notes to funds managed by HealthCor Partners Management and HealthCor Management (collectively “HealthCor”).   HealthCor is a leading investment manager in the healthcare and life sciences sectors.  The closing of the financing is expected to occur in approximately three to four weeks.

According to HealthCor’s Senior Managing Director, Jeffrey Lightcap, “We have been very pleased with the progress that CareView has made over the course of the last nine months and are looking forward to continuing to work with the Company to revolutionize the way that most hospitals provide patient care.”

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