Care Investment Trust Names Walter J. Owens to Board of... ( NEW YORK April 17 /- Care Investm...)

Care Investment Trust Names Walter J. Owens to Board of Directors

Date:4/17/2008

NEW YORK, April 17 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) today announced it named Walter J. Owens, President of Corporate Finance at CIT, to Care's Board of Directors, which increases the number of members from six to seven directors.

In his capacity as President of Corporate Finance at CIT, Owens, 48, is responsible for working with CIT's Corporate Finance business unit leaders in assessing their go-to-market models, developing integrated distribution platforms that serve a broad range of product offerings and customer segments, and improving operational efficiencies. Previously, he was Executive Vice President and Chief Sales and Marketing Officer of CIT. Prior to joining CIT, he served as Chief Marketing Officer for GE Commercial Finance. Before GE, Owens served in a number of positions with Citibank and Deloitte & Touche LLP.

Kirk Gorman, Chairman of the Board of Directors, commented, "Walter brings a wealth of financial, operational and sales experience to Care's Board. We look forward to his counsel and participation in the further development of Care."

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company formed principally to invest in healthcare-related commercial mortgage debt and real estate. It is externally managed and advised by CIT Healthcare LLC, a wholly-owned subsidiary of CIT Group Inc.

Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond
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