CareView Communications, Inc. Announces Execution of Hospital Agreements with Baptist Health Rehabilitation Institute and Other Healthcare System
LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc. ("CareView" or the "Company") (OTCQB: CRVW), an information technology provider to the healthcare industry, announced today the execution of a hospital agreement with Baptist Health Rehabilitation Institute ("BHRI"). BHRI is part of Baptist Health, the most comprehensive healthcare system in Arkansas. Located on the campus of Baptist Health Medical Center-Little Rock, BHRI is Arkansas's most experienced physical medicine and rehabilitation hospital. BHRI offers a full range of individualized evaluations and services on an inpatient and outpatient basis.
Samuel A. Greco, CareView's Chief Executive Officer, stated, "We are proud that Baptist Health has asked us to expand our presence with them by installing the CareView System in Baptist Health Rehabilitation Institute. I am confident that our CareView data and patient monitoring system will enhance the excellent care they already provide to their patients."
The Company also signed an agreement with a hospital system consisting of 7 acute care facilities located in Florida. The hospital agreement calls for a system-wide installation of CareView's data and patient monitoring system (the CareView System®) in an initial 140 beds across the hospital system. Details regarding the plans of those 7 hospitals as to location and roll-out will be announced upon completion of the initial installation. The total number of beds in the system is approximately 1600.
Steven Johnson, CareView's President and Chief Operating Officer, stated, "We are extremely pleased with the acceptance that CareView is now experiencing as hospitals have embraced the technology and are signing contracts. While the uncertainty in 2012 caused by Obamacare was a major impediment to the growth of the company, our technology now appears to be something that has been accepted by the hospital community. This coupled with the success of the CareView System in multiple hospital healthcare systems appears to be creating an environment where the CareView sales are gaining momentum."
About CareView Communications, Inc.
CareView's mission is to be the leading provider of products and on-demand application services for the healthcare industry by specializing in bedside video monitoring, archiving and patient care documentation systems and patient entertainment services. Through the use of telecommunications technology and the Internet, our products and on-demand services will greatly increase the access to quality medical care and education for both consumers and healthcare professionals. We offer the next generation of patient care through our unique data and patient monitoring system that connects patients, families and healthcare professionals (the "CareView System®"). Our proprietary, high-speed data network system may be deployed throughout a healthcare facility to provide the facility with recurring revenue and infrastructure for future applications. Real-time bedside and point-of-care video monitoring and recording improve efficiency while limiting liability, and entertainment packages and patient education enhance the patient's quality of stay. Through continued investment in patient care technology, we are helping hospitals and assisted living facilities build a safe, high quality healthcare delivery system that best serves the patient, while striving for the highest level of patient satisfaction and comfort. CareView is dedicated to working with all types of hospitals, nursing homes, adult living centers and selected outpatient care facilities domestically and internationally. Corporate offices are located at 405 State Highway 121 Bypass, Suite B-240, Lewisville, TX 75067. More information about the Company is available on the Company's website at www.care-view.com.
Questions about this release may be directed to Steven Johnson, President and Chief Operating Officer at (972) 943-6050.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of CareView Communications, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws.Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws.The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.These statements are based on our current expectations and speak only as of the date of such statements.The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
CareView Communications, Inc.
Steven Johnson, 972-943-6050
President and Chief Operating Officer
KEYWORDS: United States North America Arkansas Texas
The article CareView Communications, Inc. Announces Execution of Hospital Agreements with Baptist Health Rehabilitation Institute and Other Healthcare System originally appeared on Fool.com.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.