Board of Directors
Flint D. Besecker has been a member of our Board of Directors since Care was formed and serves as our Chairman.
Mr. Besecker is a veteran of both the commercial finance and healthcare industries and currently runs Firestone Asset Management, a healthcare middle market private equity business he founded in 2008. Firestone owns a variety of private equity investments focused on early stage life science drug development as well as specialty pharmaceutical companies. In addition, Mr. Besecker currently serves as a Director and Chairman of the Compensation Committee of Allion Healthcare, a specialty pharmaceutical company serving patients throughout the U.S. Prior to founding Firestone Asset Management, Mr. Besecker served as the President and founder of our Manager, CIT Healthcare, and also served as President of CIT Commercial Real Estate. Prior to joining CIT in 2004, Mr. Besecker held a variety of executive positions including Managing Director of GE Healthcare Financial Services, Executive Vice President and Chief Risk Officer of Heller Healthcare Finance and President and Co-Founder of Healthcare Analysis Corporation. He also served as an Officer of Healthcare Financial Partners prior to its acquisition by Heller. Mr. Besecker is Treasurer and Board Member for the Center of Hospice and Palliative Care of Western NY. He received a BS in Accounting from Canisius College in 1988 and is a Certified Public Accountant.
Gerald E. Bisbee, Jr. is a Director of Care and serves as Chairman of the Company's Audit Committee as well as a member of its Compensation, Nominating and Governance Committee.
Mr. Bisbee has been Chairman, President and Chief Executive Officer of ReGen Biologics, Inc, an orthopedic medical device developer, manufacturer and distributor, since 1998. Prior to joining ReGen, Mr. Bisbee was Chairman and Chief Executive Officer of APACHE Medical Systems, Inc., which he joined in 1989. Mr. Bisbee is currently a Director of Cerner Corporation. He received a BA in Business from North Central College, an MBA from the Wharton School of the University of Pennsylvania, and a PhD and M.Phil. from Yale University.
Karen P. Robards is a Director of Care and serves as a member of the Compensation, Nominating and Governance Committee as well as a member of the Audit Committee.
Ms. Robards has been a partner of Robards & Company, LLC, a financial advisory, consulting and private investment firm since 1987. From 1976 to 1987, Ms. Robards was an investment banker at Morgan Stanley & Co., where she headed its healthcare investment banking activities. Ms. Robards serves as the Vice Chair of the Board of the closed-end mutual funds managed by BlackRock Inc. and is a Director of AtriCure, Inc. Ms. Robards is a co-founder and Director of the Cooke Center for Learning and Development. She received an AB in Economics from Smith College and an MBA from Harvard Business School.
J. Rainer Twiford is a Director of Care and serves as Chairman of the Company's Compensation, Nominating and Governance Committee as well as a member of the Audit Committee.
Mr. Twiford has been President of Brookline Partners, Inc, an investment advisory company, since 1999, and was a partner of Trammell Crow Company from 1987 until 1991. He is currently a Director of IPI, Inc., Smith of Georgia, and Tracon Pharmaceuticals and previously served on the board of a children's behavioral health company. Mr. Twiford received a BA and PhD from the University of Mississippi, an MA from the University of Akron, and a JD from the University of Virginia.
Steven N. Warden is a Director of Care.
Mr. Warden joined CIT Group in 2005 as a co-founder of our Manager, CIT Healthcare. Mr. Warden was named President and Co-Head of our Manager in April 2008. Mr. Warden is also a member of CIT Healthcare's Investment Committee. Prior to joining CIT, Mr. Warden was with GE Healthcare Financial Services from 2002-2005 as a Managing Director in the Strategic Relationship Group. From 1992-2002, Mr. Warden was with Deutsche Bank Securities in New York, most recently as a Managing Director in the Leveraged Finance Group. Mr. Warden's focus on the healthcare industry began in 1987 when, as an employee at Wells Fargo Bank, he was closely involved in the leveraged recapitalization of a number of the larger hospital companies. Mr. Warden began his banking career at Manufacturers Hanover Trust Company in the Management Credit Training Program following his graduation from St. Lawrence University in 1979 with a Bachelor of Arts in Economics.
