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CareView Communications, Inc. Signs Large Hospital Division under Group Purchasing Agreement
[March 14, 2017]

CareView Communications, Inc. Signs Large Hospital Division under Group Purchasing Agreement


CareView Communications, Inc. ("CareView" or the "Company") (OTCQB: CRVW), an information technology provider to the healthcare industry, announced the signing of another large member hospital group under its recently announced GPO agreement. The purchase agreement covers the 13 hospitals in the eastern division of the hospital group that has an aggregated count of approximately 3,600 beds. CareView anticipates that installations will begin within 60 days and will likely include a majority of the products and services it offers.

Under the GPO agreement, 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 GPO's exclusive membership covers the more than 1,600 acute care facilities and more than 26,000 health facility locations.

Steven Johnson (News - Alert), CareView's President and Chief Executive Officer, stated: "We are delighted to receive another purchasing agreement through our new GPO relationship. We believe this signals a shortened sales cycle to GPO member hospitals which will help accelerate our growth. We look forward to beginning installations in these facilities and remain dedicated to improving patient safety while helping hospitals reduce costs."

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 applicatons. 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.

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 60 days and will likely include a majority of the services it offers;
  • that CareView believes this agreement signals a shorted sales cycle which will help accelerate its growth.

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.


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