On May 9, 2014, Mr. Yoram Bibring resigned as Chief Financial Officer of Healthcare Corporation of America. Mr. Bibring resigned to take a senior management position with a company based in Israel. Effective, May 12, 2014, the Board of Directors of the company appointed Mr. Yoav M. Cohen, to act as Interim Chief Financial Officer through Mr. Cohen's consulting company, NYC Advisors, LLC.

Mr. Cohen will act as Interim Chief Financial Officer pursuant to the terms of a Consulting Agreement that commenced on April 25, 2014 and continues until terminated upon written notice by either party. May 15, 2014, Gary Sekulski resigned as a Director of the company. In addition, the Marketing & Consulting Agreement previously entered into between the company and a consulting company owned by Mr. Sekulski was also terminated effective end of day on, May 15, 2014.