Navigation Links
Care Investment Trust Inc. Announces First Quarter 2009 Results
Date:5/11/2009

The Company incurred $1.9 million in operating expenses during the three months ended March 31, 2009, including $0.6 million in management fees and $2.3 million in marketing, general and administrative expenses, which included $0.9 million related to advisor fees in connection with the ongoing review of the Company's strategic direction. Care also incurred approximately $0.9 million of depreciation and amortization expense relating to its investment in the Bickford properties as well as a favorable adjustment of $1.9 million recognized on its loans carried at the lower of cost or market.

Care's net loss from investments in partially-owned entities amounted to $0.9 million for the three months ended March 31, 2009 and consisted of a $1.2 million loss, after depreciation charges of $2.4 million, related to the Company's investment in the Cambridge properties as well as equity income of $0.3 million from Care's investment in the Senior Management Concepts properties.

Interest expense totaled $2.1 million for the three months ended March 31, 2009, consisting of $0.2 million on the debt outstanding under the Company's warehouse line of credit during the quarter, $0.5 million relating to the non-cash write-off of deferred financing costs in connection with the paydown and termination of the warehouse line, and $1.4 million relating to the mortgage debt incurred to finance the acquisition of the Bickford properties. The effective interest rate for the quarter on the Company's mortgage debt borrowings incurred to finance the acquisition of the Bickford properties was 6.88 percent.

Liquidity and Funding

At March 31, 2009, Care had $17.4 million in cash and cash equivalents. During the first quarter 2009 Care received $22.5 million from the sale of a mortgage investment. Subsequent to the end of the first quarter, Care received approximately $29 million from the prepayment of a loan
'/>"/>

SOURCE Care Investment Trust Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. £5 million investment in personalized medicines to cut patient deaths
2. Governor Rendell Announces $2.1 Million Investment in Small Transit Vehicles
3. Exelixis Announces September 18 Webcast of Presentation at the Bank of America 2007 Investment Conference
4. Experts Agree. Ohios Technology Investment Future Looks Bright
5. Susquehanna Health and Siemens Announce Plans to Improve Hospital Facilities Through Technology Investment
6. Russell Investment Group Advises Protalix Biotherapeutics of Index Adjustment
7. Blue Cross of California Invests $10.6 Million in Community Clinics Through the Investment in a Healthy California Program
8. MGT Capital Investments Announces New Commercial Partnerships for Subsidiary Company Medicexchange PLC
9. WallSt.net Updates Investment Community Through All-New Interview With Ingen Technologies
10. WallSt.net Updates Investment Community Through All-New Interview With XTend Medical
11. WallSt.net (www.wallst.net) Updates the Investment Community Through All-New Interviews With XMDC, POSS and TYPE
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... is a famous wedding dress company offering many trendy designs. ... Facebook, Twitter, and Pinterest. The fans will have an opportunity ... every week. , Moreover, the company has extended its 2015 ... homepage for more information. , Angelweddingdress is a ...
(Date:1/22/2015)... January 22, 2015 The federal court overseeing ... U.S. District Court, Southern District of West Virginia has upheld ... that proceeding’s first bellwether trial. In an Order dated January ... trial after finding that C.R. Bard had not proven a ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Thousand of ... Medical Care recalled its GranuFlo and NaturaLyte dialysis concentrates ... underway in U.S. District Court, District of Massachusetts, Bernstein ... 20th, the Court has remanded a case filed by ...
(Date:1/22/2015)... Carinsurancesavings.biz has released a new blog post presenting ... . , Purchasing an accidental death and dismemberment rider ... type of rider provides benefits if the insured dies in ... lesser form of life insurance. , AD&D is not ...
(Date:1/22/2015)... Jolla, Calif. (PRWEB) January 22, 2015 ... Assemblymembers Susan Bonilla (D-Concord) and Kristin Olsen (R-Modesto) ... for their leadership in advancing biotechnology, biomedical science, ... Bonilla and Olsen each received the “2014 Life ...
Breaking Medicine News(10 mins):Health News:Angelweddingdress Invites Its Customers To Follow It On Facebook, Twitter, And Pinterest 2Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 2Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 3Health News:Court Upholds $2 Million Vaginal Mesh Lawsuit Verdict Levied Against C.R. Bard in First Federal Bellwether Trial, Bernstein Liebhard LLP Reports 4Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 2Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 3Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 4Health News:Accidental Death and Dismemberment Insurance Can Be Purchased at Low Prices Online 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3
... cancers found by annual rounds of computed tomography (CT) ... of screening, as well as for determining the treatment. ... Lung Cancer Action Program (I-ELCAP) published online in the ... repeat rounds of CT screening are similarboth in volume ...
... By Steven Reinberg HealthDay Reporter , ... injections of a novel "monoclonal antibody" lowered LDL cholesterol ... as 72 percent. This new treatment could help ... five people who don,t respond to the commonly prescribed ...
... Using research designed to protect warfighters from noise-induced hearing ... Research has joined the Bureau of Reclamation and U.S. ... at the nation,s power plants, officials announced March 26. ... hearing loss (NIHL) to help identify noise sources and ...
... MONDAY, March 26 (HealthDay News) -- Most people who go to ... but it can take hours or days to make a definitive ... of CT scan given in the emergency room seems to identify ... sent home safely sooner. "You can go to an emergency ...
... Rogers, left hand would shake when he tried to use it, ... writing a check, or making a sandwich challenging. The tremor eventually ... Rogers sought care and learned that his tremor was a symptom ... "I was familiar with Parkinson,s because my father had ...
... HealthDay Reporter , THURSDAY, March 22 (HealthDay News) -- The ... legislation known as the Affordable Care Act when it takes ... of legal experts. The experts base this prediction on ... history, political considerations and the constitutional questions raised by the ...
Cached Medicine News:Health News:New study looks at growth rates of lung cancers found by CT screening 2Health News:New study looks at growth rates of lung cancers found by CT screening 3Health News:New Injection Might Lower Tough-to-Treat Cholesterol 2Health News:New Injection Might Lower Tough-to-Treat Cholesterol 3Health News:Stop that 'dam' noise: ONR and nation's engineers tackle noise at hydroelectric plants 2Health News:Stop that 'dam' noise: ONR and nation's engineers tackle noise at hydroelectric plants 3Health News:CT Scans Can Spot Heart Trouble Fast 2Health News:CT Scans Can Spot Heart Trouble Fast 3Health News:Essential tremor patient regains independence following surgery 2Health News:Essential tremor patient regains independence following surgery 3Health News:Essential tremor patient regains independence following surgery 4Health News:Legal Experts See a Close Win for Health-Reform Law 2Health News:Legal Experts See a Close Win for Health-Reform Law 3Health News:Legal Experts See a Close Win for Health-Reform Law 4Health News:Legal Experts See a Close Win for Health-Reform Law 5
(Date:1/23/2015)... , Jan. 23, 2015 /PRNewswire/-- Harwood Feffer LLP ( ... of directors of Advaxis, Inc. ("Advaxis" or the "Company") ... has breached its fiduciary duties to shareholders. ... an investing website reporting that Advaxis had misrepresented the ...
(Date:1/23/2015)... Jan. 23, 2015  HyGreen, Inc., a leader in hand ... with RCA Medical, a subsidiary of Ascendis Health Limited, ... Each year, hundreds of millions of patients around ... organisms are transmitted from patient to patient via the ...
(Date:1/23/2015)... , Jan. 23, 2015  iMD Companies, Inc. (ICBU) has ... increase market share and grab a foothold in the hydroponic, ... production capabilities and a presence in the sector, and recently ... the growth of hemp and medical marijuana, iMD is committing ...
Breaking Medicine Technology:Harwood Feffer LLP Announces Investigation of Advaxis, Inc. 2HyGreen Partners with RCA Medical in Johannesburg, South Africa 2iMD Companies Poised to Make Impact in Multi-Billion Dollar Medical Marijuana Sector With Recent Investments and Strategic Partnerships 2
... prGCD treatment of Gaucher Disease, CARMIEL, Israel, Aug. ... announced that it has treated the,first patient in its ... prGCD, a proprietary plant cell expressed recombinant form of,human ... storage disorder in humans. The phase III clinical ...
... Acute, Radiation Syndrome or Radiotherapy Adjuvant Likely Targeting Adult ... ... SCOTTSDALE, Ariz., Aug. 27 ImmuneRegen,BioSciences, Inc., a wholly ... today announced that initial studies at,TD2 (TGen Drug Development Services), ...
Cached Medicine Technology:Protalix BioTherapeutics Treats First Patient in Phase III Clinical Trial of prGCD 2Protalix BioTherapeutics Treats First Patient in Phase III Clinical Trial of prGCD 3ImmuneRegen BioSciences, Inc. Demonstrates Radilex(TM) Increases Disease-Fighting White Blood Cells 2ImmuneRegen BioSciences, Inc. Demonstrates Radilex(TM) Increases Disease-Fighting White Blood Cells 3ImmuneRegen BioSciences, Inc. Demonstrates Radilex(TM) Increases Disease-Fighting White Blood Cells 4
Adsons bayonet forceps....
... Medpor Channel Implants, designed to ... the surgeon with an excellent ... wall and floor blowout defects. ... for placement of one or ...
... Rim is designed to augment ... the midface, including the inferior ... positioned in the hollow under ... Rim implant aids in restoring ...
Flattened points in vertical plane, straight shafts, cross action, round handle....
Medicine Products: