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carepayment technologies inc (CPYT) Snapshot

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carepayment technologies inc (CPYT) Details

CarePayment Technologies, Inc. provides accounts receivable services in the United States. It offers services for accounts receivables generated by healthcare providers in connection with providing healthcare services to their patients under the CarePayment brand name. The company was formerly known as microHelix, Inc. CarePayment Technologies, Inc. was founded in 1991 and is based in Lake Oswego, Oregon.

carepayment technologies inc (CPYT) Top Compensated Officers

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Chief Financial Officer
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Chief Operating Officer
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Vice President of Technology
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Senior Vice President of Business Development
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Compensation as of Fiscal Year 2013.

carepayment technologies inc (CPYT) Key Developments

CarePayment Technologies, Inc. Files Form 15

CarePayment Technologies, Inc. announced that it has filed Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common stock under the Securities Exchange Act of 1934, as amended.

CarePayment Technologies, Inc. and Aequitas Commercial Finance Enter into Amendment No. 4 to Promissory Note and Business Loan Agreement

On December 20, 2012, CarePayment Technologies, Inc. and Aequitas Commercial Finance, LLC entered into amendment No. 4 to promissory note and business loan agreement pursuant to which (1) the aggregate principal amount that the company may borrow under the loan documents was increased from $6,000,000 to $8,000,000, and (2) the interest rate on the outstanding principal balance due under the loan documents will decrease from 12.5% per annum to 11.5% per annum beginning on January 1, 2013. As of the date of this current report on form 8-K, the outstanding principal balance owing under the loan documents is $5,931,000.00. Accrued interest on the unpaid principal balance owing under the loan documents is paid monthly.

CarePayment Technologies, Inc. Announces Executive Changes

Effective June 5, 2012, the Board of Directors of CarePayment Technologies, Inc., appointed William C. McCormick, as Chairman of the Board. Mr. McCormick has been a member of the Board since December 31, 2011. Mr. McCormick is a member of the Advisory Board of Aequitas Capital Management, Inc. Also effective June 5, 2012, the Board appointed Andrew N. MacRitchie, as the company's chief compliance officer. Mr. MacRitchie has been a member of the Board since November 7, 2011. Mr. MacRitchie joined Aequitas in 2007 and currently is an Executive Vice President of Aequitas. The company also announced that Mr. James T. Quist resigned as a director of the company before the annual meeting of shareholders. After his resignation, Mr. McCormick, Mr. Oliver, Mr. MacRitchie and Mr. Froude comprise the entire Board of Directors of the company.


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