Futuremed Healthcare Income Fund

Futuremed Healthcare Income Fund

June 08, 2009 10:35 ET

Futuremed Announces Important New Product Line

CONCORD, ONTARIO--(Marketwire - June 8, 2009) - Futuremed Healthcare Income Fund (TSX:FMD.UN) ("Futuremed" or the "Fund") announced today that it had signed a distribution agreement with Nestle Nutrition, a division of Nestle Canada, to market and sell Nestle's full line of tube feeding products and associated enteral feeding devices to its extensive network of Long-Term Care customers across Canada.

"We are very pleased to be adding this important new line to our comprehensive product offering, and expect to generate meaningful benefits for our customers Unitholders," commented Raymond Stone, Futuremed's President and Chief Executive Officer. "Nestle is the acknowledged market leader in this line of products, and we look forward to building a strong and enduring relationship with them in the growing long-term care sector of the seniors housing business."

About Futuremed Healthcare Income Fund

Futuremed Healthcare Income Fund, through its operating entities, is Canada's leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector. Futuremed's Trust Units trade on the Toronto Stock Exchange under the symbol FMD.UN. More information can be found at www.futuremed.ca

Readers are cautioned that Payout Ratio distributable cash and distributable cash per unit are not Generally Accepted Accounting Principles ("GAAP") measures and should not be construed as an alternative to net earnings and earnings per share determined in accordance with GAAP as an indicator of the Fund's performance. The Fund's methods of calculating these measures may differ from other issuers' methods and accordingly, they may not be comparable to measures used by other issuers.

This document may contain forward-looking statements relating to Futuremed's operations or to the environment in which it operates, which are based on the Fund's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond the Fund's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in other public filings. In addition, these forward-looking statements relate to the date on which they are made. The Fund disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these risks and uncertainties can be found in regulatory filings available at www.sedar.com.

Contact Information

  • Futuremed Healthcare Income Fund
    Daniel Sacks, Chief Financial Officer
    (905) 761-0068, ext. 2222
    Toll-free investor relations: 1-800-387-7025
    (905) 761-9929 (FAX)