Lewisville, TX, December 10, 2012 – CareView Communications, Inc. ("CareView" or the "Company") (OTCQB: CRVW), an information technology provider to the healthcare industry, today announced the signing of a multi-hospital agreement with IASIS Healthcare, a leading owner and operator of acute care hospitals in urban and suburban markets ("IASIS"). Following the successful conclusion of a six-month pilot installation of the CareView System in several IASIS facilities, this new agreement initiates the CareView rollout in select beds throughout the rest of the IASIS system, which includes 20 hospitals and more than 4,400 licensed beds.
"The use of Virtual Bed Rails, Virtual Chair Rails and the extensive Falls Management Program has proven to be an important resource within our hospitals' ongoing commitments to continually improve patient safety. Beyond that, CareView's other products, which span a multitude of clinical as well as non-clinical disciplines, have helped to increase our hospitals' overall efficacy and patient satisfaction," said IASIS Healthcare Vice President of Clinical Operations, Tedd Adair. "After achieving such demonstrable results, IASIS intends to use CareView's full suite of services including nursing modules, that facilitate and monitor rounding, BedView™, which facilitates patient flow, and patient-centric modules like MovieView™ that enhance the overall patient experience."
Steve Johnson, CareView's President, stated, "The results of our pilot agreement clearly demonstrated the success that both IASIS and CareView were anticipating. The successful conclusion of the study and the signing of this new agreement is the first step in our long-term relationship. We are confident that our products and services will help positively change how healthcare and ancillary services are provided in the future and look forward to working with IASIS to achieve a wide variety of patient enhancements and hospital savings."
About CareView Communications, Inc.
CareView has created a proprietary high-speed data network system that can be deployed throughout a healthcare facility using the existing cable television infrastructure. This network supports CareView's Room Control Platform and complementary suite of software applications designed to streamline workflow and improve value-added services offered to customers. Real-time bedside monitoring and point-of-care video monitoring and recording improve patient safety, efficiency while limiting liability, and entertainment packages and education enhance quality of stay. This technology may also act as an interface gateway for other software systems and medical devices moving forward. 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.
About IASIS Healthcare
IASIS Healthcare, located in Franklin, Tennessee, is a provider of high quality, affordable healthcare services in urban and suburban markets. With total annual net revenue of approximately $2.5 billion, IASIS owns and operates 19 acute care hospitals, one behavioral health hospital facility, several outpatient service facilities, more than 180 physician clinics, and Medicaid and Medicare managed health plans in Arizona and Utah that serve more than 178,000 members. IASIS' healthcare facilities offer a variety of access points for convenient patient care in numerous regions across the U.S., including: Salt Lake City, Utah; Phoenix, Arizona; Tampa-St. Petersburg, Florida; five cities in Texas, including Houston and San Antonio; Las Vegas, Nevada; and West Monroe, Louisiana. For more information on IASIS, please visit the Company's Web site at www.iasishealthcare.com.
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.