Latest Activecare Inc (ACAR) Headlines Active
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Posted On: 03/08/2014 4:36:30 PM
Latest Activecare Inc (ACAR) Headlines
ActiveCare Reports First Quarter Fiscal 2014 Financial Results
GlobeNewswire - Mon Feb 24, 8:01AM CST
ActiveCare, Inc. (OTCQB:ACAR), a leader in diabetes management and wellness services for self-insured employers nationwide, today reported financial results for the first quarter of fiscal year 2014 ended December 31, 2013.
A.M. Best Affirms Ratings of Attorneysâ?? Liability Assurance, A RRG & Withdraws Ratings of Attorneysâ?? Liability Assurance Society
A.M. Best Company - AMBest - Fri Jan 31, 2:55PM CST
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of â??aâ? of Attorneysâ?? Liability Assurance Society, Inc., A Risk Retention Group (ALAS, Inc.) (Burlington, VT). The outlook for both ratings is stable. Concurrently, A.M. Best has withdrawn the FSR of A (Excellent) and the ICR of â??aâ? of Attorneysâ?? Liability Assurance Society (Bermuda) Ltd. (ALAS, Ltd.) (Bermuda) as it no longer serves as a risk-bearing entity.
Medicines Considered Important to Improve People's Living Standards
All Africa Global Media - Thu Jan 16, 8:35AM CST
Medicines are considered important differentiated products aimed to improve or maintain the quality of population's life and they must be guaranteed from the manufacturing up to the consumption.
ActiveCare Strengthens Balance Sheet by $6 Million to Expand Its Contract Base
GlobeNewswire - Wed Jan 08, 8:00AM CST
ActiveCare, Inc. (OTCQB:ACAR), a leader in diabetes management and wellness services, announced the strengthening of its balance sheet to secure a larger contract base. Over the past 30 days ActiveCare has made significant strides in improving the Company's balance sheet as witnessed by the raising of $3.1 million which was announced on December 17, 2013. This infusion of operating capital was accompanied by the conversion of $2.9 million of debt into common shares and the conversion of 95% of its Series C and Series D Preferred stock that carried an 8% dividend. With the recent equity investment and debt conversion, ActiveCare has increased its shareholders' equity by $6 million.
ActiveCare Announces Completion of Equity Investment With Hillair Capital
GlobeNewswire - Tue Dec 17, 8:00AM CST
ActiveCare, Inc. (OTCQB: ACAR) (www.activecare.com), a leader in diabetes management and wellness services, announced today it completed the sale of $3,120,000 in 8% Original Issue Discount Senior Convertible Series F Preferred shares in a private placement. Under the terms of the securities purchase agreement with Hillair Capital Investments L.P. and other investors ("Investors"), ActiveCare has authorized the sale of up to a total of $6,000,000 of its Series F Preferred shares. The Series F Preferred shares are convertible into shares of ActiveCare common stock at a $1.00 per share. The Investors have also been issued a Warrant to purchase 3,120,000 shares of the Company's common stock. The Warrants have an exercise price of $1.10 per share.
ActiveCare Announces Contract With Industry Leading Third Party Administrator
GlobeNewswire - Thu Nov 21, 8:00AM CST
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announces the agreement to provide their diabetes wellness solution for International Benefits Administrators (IBA) of Long Island, New York. Deployment to IBA's member base will potentially add several thousand new members to the ActiveCare disease management program.
ActiveCare Appoints New Chief Operating Officer
GlobeNewswire - Wed Oct 30, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, is pleased to announce the appointment of David Lee as the new chief operating officer.
ActiveCare Welcomes New Member to Its Strategic Advisory Board
GlobeNewswire - Mon Oct 21, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announced the addition of Michael H. Sonnenberg to its Strategic Advisory Board. Sonnenberg, Founder and President of International Benefits Administration, is a recognized thought- leader in healthcare plan management aimed at delivering the highest quality of care while effectively managing the cost of that care for its partners and clients.
ActiveCare Reports on Quarterly Meeting
GlobeNewswire - Tue Oct 08, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announced plans to focus on profitability and position the Company for up-listing to a national exchange in the coming year. In order to reach profitability, Michael Acton, Chief Financial Officer for ActiveCare, presented his blueprint for a reduction in Selling, General and Administrative (SG&A) expenditures for the coming year at the company's quarterly management meeting held on September 26, 2013. With minor alterations, the plan was accepted by management and will be put into effect during the next 90 days.
ActiveCare Chief Strategy Officer Michael Jones Delivers Keynote Address at Leading Industry Conference
GlobeNewswire - Wed Sep 18, 10:40AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, announces that its Chief Strategy Officer, Michael Jones, was a keynote speaker at the Qualcomm Life Connect 2013 conference in San Diego. The theme of the conference focused on the disruption in the health care system and the role that solution providers such as ActiveCare are playing in transforming the market place using the Qualcomm Life Ecosystem.
ActiveCare Announces Consolidation of Operations
GlobeNewswire - Fri Sep 13, 3:39PM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the opening of their new corporate headquarters. ActiveCare's new home is strategically located near two major universities providing a highly skilled and educated workforce.
ActiveCare Strengthens Balance Sheet With Closing of Equity Investment and Debt Conversion
GlobeNewswire - Wed Sep 04, 10:15AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a service leader in disease and diabetes management, today announced the closing of an equity investment and conversion of debt to common stock. In connection with loan conversion agreements and a securities purchase agreement, the Company will issue a total of 9,256,332 shares of common stock. This brings the total issued and outstanding shares to approximately 19,900,000.
ActiveCare Announces Record Third Quarter & Nine Month Revenue
GlobeNewswire - Wed Aug 28, 8:15AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management today reported revenues for the third quarter and nine months ended June 30, 2013.
ActiveCare Announces Closing of $2.235 Million Capital Investment and $1.3 Million Debt Conversion
GlobeNewswire - Wed Jul 17, 1:47PM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the closing of a capital investment and debt conversion by its Chairman and Chief Executive Officer, David Derrick. Mr. Derrick has made cash advances to the Company, from April 30, 2013, through July 3, 2013, in the amount of $2,235,000. On July 15, 2013, the Company converted those issuances into 2,980,000 shares of common stock, at a per share purchase price of $0.75. Additionally, the Company and Mr. Derrick agreed to the conversion of an outstanding debenture, valued at $1,278,536, into 1,704,715 shares of common stock, also at a conversion price of $0.75 per share. The cash infusion and the conversion of the debenture into equity increase the total shareholder equity by approximately $4,700,000.
ActiveCare Appoints ProActive Capital Group as Capital Markets & Digital Media Advisor
GlobeNewswire - Mon Jul 01, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the appointment of ProActive Capital Group as its strategic capital markets advisory and digital media Strategies firm.
ActiveCare Announces New Chief Technology Officer
GlobeNewswire - Wed Jun 19, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced Jonathan Olson as the Chief Technology Officer. Having served in key roles for Theradoc and Hospira, Olson brings extensive experience in the development and growth of unique and specialized service platforms in the healthcare industry. In addition to his technical experience, Olson has also been a contributing author in numerous peer-reviewed publications and holds two patents. "Jonathan is a proven technology leader. His innovation and vision will play a central role in the evolution of our technology and product platform," stated Michael Jones Chief Strategy Officer of ActiveCare.
ActiveCare Announces Record Revenue for Fiscal Quarter Ended March 31, 2013
GlobeNewswire - Thu May 16, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACARD), the service leader in disease and diabetes management today announced financial results for its fiscal 2013 second quarter ended March 31, 2013. The Company reported quarterly revenues of $4,843,000 with a gross profit of $902,000. These results compare to revenues of $180,000 and a negative gross profit of $90,000 for the same period previous year, an increase of $4,663,000 and $992,000 respectively. "This increase is a good indicator of the broadening acceptance of our Monitoring and Wellness Programs," stated Michael Acton, CFO of ActiveCare. Currently ActiveCare has approximately 24,000 members purchasing its diabetic and PERS products and services. Management anticipates that the Company will have enrolled more than 40,000 members by the end of calendar 2013. The Company attributes these increases to the demand for and success of the Company's real-time Monitoring and Care Management Solutions.
ActiveCare Announces Record Membership Level of 22,000
M2 - Mon Apr 01, 8:49AM CDT
Disease and Diabetes Management Company Announces That the Company Has Become the Largest Provider of Cellular Glucometers in the World
ActiveCare Announces New Director of CareCenter Operations
GlobeNewswire - Wed Mar 20, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management and medical alert for seniors, today announced Tami Mackenzie as the Director of CareCenter Operations. Ms. Mackenzie, who assumed this key position in February, has extensive experience in developing world-class customer support, account management and sales teams in both startup and growth organizations. "Tami has a great track record as an astute business strategist and builder of mission critical organizations. Her ability to identify trends and develop strategies that meet and exceed goals made her the clear choice for this role," stated Michael Jones, COO of ActiveCare.
ActiveCare Reports First Quarter Fiscal 2014 Financial Results
GlobeNewswire - Mon Feb 24, 8:01AM CST
ActiveCare, Inc. (OTCQB:ACAR), a leader in diabetes management and wellness services for self-insured employers nationwide, today reported financial results for the first quarter of fiscal year 2014 ended December 31, 2013.
A.M. Best Affirms Ratings of Attorneysâ?? Liability Assurance, A RRG & Withdraws Ratings of Attorneysâ?? Liability Assurance Society
A.M. Best Company - AMBest - Fri Jan 31, 2:55PM CST
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of â??aâ? of Attorneysâ?? Liability Assurance Society, Inc., A Risk Retention Group (ALAS, Inc.) (Burlington, VT). The outlook for both ratings is stable. Concurrently, A.M. Best has withdrawn the FSR of A (Excellent) and the ICR of â??aâ? of Attorneysâ?? Liability Assurance Society (Bermuda) Ltd. (ALAS, Ltd.) (Bermuda) as it no longer serves as a risk-bearing entity.
Medicines Considered Important to Improve People's Living Standards
All Africa Global Media - Thu Jan 16, 8:35AM CST
Medicines are considered important differentiated products aimed to improve or maintain the quality of population's life and they must be guaranteed from the manufacturing up to the consumption.
ActiveCare Strengthens Balance Sheet by $6 Million to Expand Its Contract Base
GlobeNewswire - Wed Jan 08, 8:00AM CST
ActiveCare, Inc. (OTCQB:ACAR), a leader in diabetes management and wellness services, announced the strengthening of its balance sheet to secure a larger contract base. Over the past 30 days ActiveCare has made significant strides in improving the Company's balance sheet as witnessed by the raising of $3.1 million which was announced on December 17, 2013. This infusion of operating capital was accompanied by the conversion of $2.9 million of debt into common shares and the conversion of 95% of its Series C and Series D Preferred stock that carried an 8% dividend. With the recent equity investment and debt conversion, ActiveCare has increased its shareholders' equity by $6 million.
ActiveCare Announces Completion of Equity Investment With Hillair Capital
GlobeNewswire - Tue Dec 17, 8:00AM CST
ActiveCare, Inc. (OTCQB: ACAR) (www.activecare.com), a leader in diabetes management and wellness services, announced today it completed the sale of $3,120,000 in 8% Original Issue Discount Senior Convertible Series F Preferred shares in a private placement. Under the terms of the securities purchase agreement with Hillair Capital Investments L.P. and other investors ("Investors"), ActiveCare has authorized the sale of up to a total of $6,000,000 of its Series F Preferred shares. The Series F Preferred shares are convertible into shares of ActiveCare common stock at a $1.00 per share. The Investors have also been issued a Warrant to purchase 3,120,000 shares of the Company's common stock. The Warrants have an exercise price of $1.10 per share.
ActiveCare Announces Contract With Industry Leading Third Party Administrator
GlobeNewswire - Thu Nov 21, 8:00AM CST
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announces the agreement to provide their diabetes wellness solution for International Benefits Administrators (IBA) of Long Island, New York. Deployment to IBA's member base will potentially add several thousand new members to the ActiveCare disease management program.
ActiveCare Appoints New Chief Operating Officer
GlobeNewswire - Wed Oct 30, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, is pleased to announce the appointment of David Lee as the new chief operating officer.
ActiveCare Welcomes New Member to Its Strategic Advisory Board
GlobeNewswire - Mon Oct 21, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announced the addition of Michael H. Sonnenberg to its Strategic Advisory Board. Sonnenberg, Founder and President of International Benefits Administration, is a recognized thought- leader in healthcare plan management aimed at delivering the highest quality of care while effectively managing the cost of that care for its partners and clients.
ActiveCare Reports on Quarterly Meeting
GlobeNewswire - Tue Oct 08, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a leader in diabetes management wellness services, today announced plans to focus on profitability and position the Company for up-listing to a national exchange in the coming year. In order to reach profitability, Michael Acton, Chief Financial Officer for ActiveCare, presented his blueprint for a reduction in Selling, General and Administrative (SG&A) expenditures for the coming year at the company's quarterly management meeting held on September 26, 2013. With minor alterations, the plan was accepted by management and will be put into effect during the next 90 days.
ActiveCare Chief Strategy Officer Michael Jones Delivers Keynote Address at Leading Industry Conference
GlobeNewswire - Wed Sep 18, 10:40AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, announces that its Chief Strategy Officer, Michael Jones, was a keynote speaker at the Qualcomm Life Connect 2013 conference in San Diego. The theme of the conference focused on the disruption in the health care system and the role that solution providers such as ActiveCare are playing in transforming the market place using the Qualcomm Life Ecosystem.
ActiveCare Announces Consolidation of Operations
GlobeNewswire - Fri Sep 13, 3:39PM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the opening of their new corporate headquarters. ActiveCare's new home is strategically located near two major universities providing a highly skilled and educated workforce.
ActiveCare Strengthens Balance Sheet With Closing of Equity Investment and Debt Conversion
GlobeNewswire - Wed Sep 04, 10:15AM CDT
ActiveCare, Inc. (OTCBB:ACAR), a service leader in disease and diabetes management, today announced the closing of an equity investment and conversion of debt to common stock. In connection with loan conversion agreements and a securities purchase agreement, the Company will issue a total of 9,256,332 shares of common stock. This brings the total issued and outstanding shares to approximately 19,900,000.
ActiveCare Announces Record Third Quarter & Nine Month Revenue
GlobeNewswire - Wed Aug 28, 8:15AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management today reported revenues for the third quarter and nine months ended June 30, 2013.
ActiveCare Announces Closing of $2.235 Million Capital Investment and $1.3 Million Debt Conversion
GlobeNewswire - Wed Jul 17, 1:47PM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the closing of a capital investment and debt conversion by its Chairman and Chief Executive Officer, David Derrick. Mr. Derrick has made cash advances to the Company, from April 30, 2013, through July 3, 2013, in the amount of $2,235,000. On July 15, 2013, the Company converted those issuances into 2,980,000 shares of common stock, at a per share purchase price of $0.75. Additionally, the Company and Mr. Derrick agreed to the conversion of an outstanding debenture, valued at $1,278,536, into 1,704,715 shares of common stock, also at a conversion price of $0.75 per share. The cash infusion and the conversion of the debenture into equity increase the total shareholder equity by approximately $4,700,000.
ActiveCare Appoints ProActive Capital Group as Capital Markets & Digital Media Advisor
GlobeNewswire - Mon Jul 01, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced the appointment of ProActive Capital Group as its strategic capital markets advisory and digital media Strategies firm.
ActiveCare Announces New Chief Technology Officer
GlobeNewswire - Wed Jun 19, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management, today announced Jonathan Olson as the Chief Technology Officer. Having served in key roles for Theradoc and Hospira, Olson brings extensive experience in the development and growth of unique and specialized service platforms in the healthcare industry. In addition to his technical experience, Olson has also been a contributing author in numerous peer-reviewed publications and holds two patents. "Jonathan is a proven technology leader. His innovation and vision will play a central role in the evolution of our technology and product platform," stated Michael Jones Chief Strategy Officer of ActiveCare.
ActiveCare Announces Record Revenue for Fiscal Quarter Ended March 31, 2013
GlobeNewswire - Thu May 16, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACARD), the service leader in disease and diabetes management today announced financial results for its fiscal 2013 second quarter ended March 31, 2013. The Company reported quarterly revenues of $4,843,000 with a gross profit of $902,000. These results compare to revenues of $180,000 and a negative gross profit of $90,000 for the same period previous year, an increase of $4,663,000 and $992,000 respectively. "This increase is a good indicator of the broadening acceptance of our Monitoring and Wellness Programs," stated Michael Acton, CFO of ActiveCare. Currently ActiveCare has approximately 24,000 members purchasing its diabetic and PERS products and services. Management anticipates that the Company will have enrolled more than 40,000 members by the end of calendar 2013. The Company attributes these increases to the demand for and success of the Company's real-time Monitoring and Care Management Solutions.
ActiveCare Announces Record Membership Level of 22,000
M2 - Mon Apr 01, 8:49AM CDT
Disease and Diabetes Management Company Announces That the Company Has Become the Largest Provider of Cellular Glucometers in the World
ActiveCare Announces New Director of CareCenter Operations
GlobeNewswire - Wed Mar 20, 8:00AM CDT
ActiveCare, Inc. (OTCBB:ACAR), the service leader in disease and diabetes management and medical alert for seniors, today announced Tami Mackenzie as the Director of CareCenter Operations. Ms. Mackenzie, who assumed this key position in February, has extensive experience in developing world-class customer support, account management and sales teams in both startup and growth organizations. "Tami has a great track record as an astute business strategist and builder of mission critical organizations. Her ability to identify trends and develop strategies that meet and exceed goals made her the clear choice for this role," stated Michael Jones, COO of ActiveCare.
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