LEWISVILLE, Texas--(BUSINESS WIRE)--CareView Communications, Inc. ("CareView" or the "Company") (OTCQB:CRVW), an information technology provider to the healthcare industry, today announced the execution of its first purchasing agreement with a HealthTrust-member hospital group. This purchasing agreement is with the Mountain Division of one of the country's largest for-profit hospital groups with 12 hospital facilities. CareView recently entered into a group purchasing agreement with HealthTrust, the nation's only committed-model GPO, under which its exclusive members can purchase all components of the Company's CareView System® video monitoring, archival and patient care documentation systems, and patient entertainment services.
The three-year purchasing agreement authorizes future purchases by the 12 affiliated hospital facilities having approximately 1,600 licensed beds. CareView estimates that installations will begin within 30-45 days and will likely include a majority of the services provided in its Primary Package, including the CareView Falls Management Program and the CareView Sitter Management Program.
All CareView System components and modules are available for purchase by all of HealthTrust's exclusive membership represented in over 1,600 acute care facilities and more than 26,000 health facility locations. HealthTrust members may order CareView's products and services included in the agreement directly from CareView.
Steven Johnson, CareView's President and Chief Executive Officer, stated "We are delighted to receive the first purchasing agreement from a HealthTrust-member hospital group. We look forward to beginning installations in these 12 facilities soon and are confident that we will be receiving orders from other HealthTrust-member hospitals."
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 and its products and services is available on the Company’s website at www.care-view.com.
About HealthTrust Purchasing Group, L.P.
HealthTrust (HealthTrust Purchasing Group, L.P.) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total spend management advisory solutions that leverage our operator experience, scale and innovation. Headquartered in Nashville, Tennessee, HealthTrust (www.healthtrustpg.com) serves approximately 1,600 acute care facilities and members in more than 26,000 other locations, including ambulatory surgery centers, physician practices, long-term care and alternate care sites. On Twitter @healthtrustpg.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of CareView Communications, Inc. to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on any forward looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that includes terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to the beliefs and expectations of the company's management as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside of the company's control.
Examples of such statements include:
- that CareView estimates that installations will begin within 30-45 days and will likely include a majority of the services provided in its Primary Package, including the CareView Falls Management Program and the CareView Sitter Management Program, and
- that CareView is confident that it will be receiving orders from other HealthTrust-member hospitals.
Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are described in the sections titled "Risk Factors" in the company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as reports on Form 8-K, including, but not limited to the following: 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. More information is available on CareView's website at www.care-view.com.
