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careview communications inc (CRVW) Details

CareView Communications, Inc. provides products and on-demand application services for the healthcare industry in the United States. The company offers NurseView module to view monitored rooms from the nurse’s station; PhysicianView module to view patients from any personal computer; Virtual Bed Rails and Virtual Chair Rails fall prevention modules; Fall Management Program to separately file, identify, and research the activity of patients; Sitter Management Program to monitor patient rooms from nursing station or mobile device; and timed rounding modules to help nursing staff monitor patients. It also provides BedView module to monitor the status and availability of facility beds remotely; delivery mechanism for patient education materials; FacilityView module that monitors and records activity in any area that the hospital would desire security cameras to be placed; monitoring system for nursing alerts and reminders; and ulcer management systems. In addition, the company offers CareView Mobile, a communications device and mobile monitoring system; CareView Mobile App; NICUView that provides a live continual feed from the neo-natal intensive care unit allowing parents, friends, or families to view the newborn and obtain clinical information from home; and broadcast systems to broadcast various educational, informational, and service communications to patients and guests. CareView Communications, Inc. is based in Lewisville, Texas.

54 Employees
Last Reported Date: 05/14/19

careview communications inc (CRVW) Top Compensated Officers

CEO, President, Secretary, Treasurer & Direct...
Total Annual Compensation: $264.3K
Principal Financial Officer, Chief Accounting...
Total Annual Compensation: --
Chief Operating Officer
Total Annual Compensation: $215.3K
Compensation as of Fiscal Year 2018.
careview communications inc
CareView Communications, Inc. Approves Amendment to its Bylaws

On April 11, 2019, the Board of Directors of CareView Communications, Inc. approved an amendment to the Bylaws of the company to amend and restate in its entirety Article II, Section 8 of the Bylaws, effective April 11, 2019, to read as follows: "Section 8 - Action Without A Meeting: (Section 78.320). Unless otherwise provided for in the articles of incorporation of the Corporation, any action may be taken without a meeting, without prior notice and without a vote if written consents are signed by the shareholders of outstanding shares having not less than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares entitled to vote on the action were present and voted. Prior to the Bylaw Amendment, Article II, Section 8 of the Bylaws read as follows: "Section 8 - Action Without a Meeting: (Section 78.320). Unless otherwise provided for in the Articles of Incorporation of the Corporation, any action to be taken at any annual or special shareholders' meeting may be taken without a meeting, without prior notice and without a vote if written consents are signed by a majority of the shareholders of the Corporation, except however if a different proportion of voting power is required by law, the Articles of Incorporation or these Bylaws, then that proportion of written consents is required. Such written consents must be filed with the minutes of the proceedings of the shareholders of the Corporation.

Careview Communications, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019

CareView Communications, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 1.473 million compared to USD 1.582 million a year ago. Operating loss was USD 564,768 compared to USD 1.178 million a year ago. Net loss was USD 3.075 million compared to USD 4.801 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago.

CareView Communications, Inc. Enters into Modification Credit Agreement

CareView Communications, Inc., CareView Operations, L.L.C. and PDL Investment Holdings, LLC in its capacity as administrative agent and lender under the Credit Agreement dated as of June 26, 2015, as amended, by and among the Company, the Borrower and the Lender, entered into a Modification Agreement on February 2, 2018, effective as of December 28, 2017, with respect to the Credit Agreement in order to modify certain provisions of the Credit Agreement and Loan Documents to prevent an Event of Default from occurring. Under the Modification Agreement, the parties agreed that (i) the Borrower would not make the principal payment due under the Credit Agreement on December 31, 2017 until the end of the Modification Period, (ii) the Borrower would not pay the principal installments due at the end of each calendar quarter during the Modification Period and (iii) because the Borrower’s Liquidity was anticipated to fall below $3,250,000, the Liquidity required during the Modification Period would be lowered to $2,500,000. The Lender agreed that the occurrence and continuance of any of the Covered Events will not constitute Events of Default for a period from December 28, 2017 through the earliest to occur of (a) any Event of Default under any Loan Documents that does not constitute a Covered Event, (b) any event of default under the Modification Agreement, (c) the Lender’s election, in its sole discretion, to terminate the Modification Period on May 31, 2018 or September 30, 2018 by delivering a written notice to the Borrower on or prior to such date, or (d) December 31, 2018. In consideration of the Lender’s entry into the Modification Agreement, the Company and the Borrower agreed, among other things, that the Borrower would obtain (i) at least $2,250,000 in net cash proceeds from the issuance of Capital Stock or Debt on or prior to February 23, 2018 and (ii) an additional $3,000,000 in net cash proceeds from the issuance of Capital Stock (other than Disqualified Capital Stock) or Debt on or prior to May 31, 2018 (resulting in aggregate net cash proceeds of at least $5,250,000).

 

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