Press Release

Care Investment Trust Inc. Appoints Salvatore (Torey) V. Riso Jr. as President and Chief Executive Officer

Company Release - 12/4/2009 4:01 PM ET

NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- Care Investment Trust Inc.(NYSE: CRE) ("Care" or the "Company") today announced the appointment of Salvatore (Torey) V. Riso Jr. as President and Chief Executive Officer effective as of close of business December 4, 2009. Mr. Riso replaces F. Scott Kellman, who informed the Board that he will be resigning effective at the close of business on December 4, 2009.

Mr. Riso has served as Care's Secretary and Chief Compliance Officer since February 2008 and has been employed by CIT Group Inc. since September 2005, serving as senior vice president and chief counsel of CIT Corporate Finance since March 2007. Prior to his current position, Mr. Riso served as chief counsel for our external manager, CIT Healthcare LLC, and other business units of CIT Group Inc. Between 1997 and 2005, Mr. Riso was in private practice in the New York office of Orrick Herrington & Sutcliffe LLP, where he worked in Orrick's global finance practice group. Mr. Riso received a BA in economics and history cum laude from UCLA, as well as a JD from the Loyola Law School of Los Angeles.

Flint D. Besecker, Chairman of the Board, said, "Torey is ideally suited to lead Care through its next stage of optimizing value for shareholders."

"We thank Scott for his efforts and wish him well in his future endeavors," added Mr. Besecker.

Care also announced today the appointment of Paul F. Hughes, the Company's Chief Financial Officer and Treasurer, as Chief Compliance Officer and Secretary, effective immediately, replacing Mr. Riso in those capacities.

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt. 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 involve risks, uncertainties and contingencies, many of which are beyond Care Investment Trust Inc.'s control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "estimate," "expect," "plan," "target," and similar expressions are generally intended to identify forward-looking statements. Forward-looking statement in this release may relate to, but are not limited to, statements regarding Care's review of strategic alternatives, the timing of such review, the outcome of such review, the ability of Care to consummate, at all or in a timely fashion, any strategic transaction, including a sale or a merger, or the ability of Care to consummate a liquidation, at all or in a timely manner. Economic, business, funding market, competitive and/or regulatory factors, among others, affecting Care Investment Trust Inc.'s businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements in addition to those factors specified in Care Investment Trust Inc.'s Annual Report on Form 10-K for the year ended December 31, 2008, as well as Care Investment Trust Inc.'s Quarterly Reports on Form 10-Q. Care Investment Trust Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

For more information on the company, please visit the company's website at

SOURCE Care Investment Trust Inc.

Contact: Torey Riso, President and Chief Executive Officer of Care Investment Trust Inc., +1-212-771-9516, [email protected]; or Analysts / Investors, Leslie Loyet of Financial Relations Board, +1-312-640-6672, [email protected], for Care Investment Trust Inc.