Futuremed Announces Timing of Financial Results and Conference Call, and
Information Relating to Unitholder Meeting

CONCORD, ON, May 7 /CNW/ - Futuremed Healthcare Income Fund (the "Fund") (TSX:FMD.UN) will issue its financial results for the three months ended March 31, 2010 during the afternoon of Thursday, May 13, 2010.

A conference call hosted by Raymond Stone, President and Chief Executive Officer and Daniel Sacks, Chief Financial Officer, will be held Friday, May 14, 2010 at 10.30 am ET

The telephone numbers for the conference call are:

                            Local: (416) 915-8110

                          Toll Free: (866) 838-1265

The telephone numbers to listen to the call after it is completed (Instant Replay) are local (416) 915-1035 or toll-free (866) 245-6755. The Passcode for the Instant Replay is 976228 followed by the number sign. The Instant Replay will be available until midnight, May 21, 2010. The call will also be archived on the Futuremed web site at www.futuremed.ca.

The Fund also announced the following changes related to resolutions to be considered at the meeting of unitholders on May 13, 2010:

    -   there will be no new class of preferred shares of Futuremed
        Healthcare Products Corporation;

    -   the proposed option plan will require shareholder approval to (i)
        reduce the exercise price or extend the expiry date of options for
        all participants or to or cancel and reissue options; (ii) amend the
        limitation on the number of options granted to independent board
        members; (iii) or amend the option transferability provisions; and

    -   the proposed rights plan will be amended such that: (i) "Beneficial
        Owner" calculations shall not include derivatives: (ii) "Acquiring
        Person" will be permitted a 1% cushion to avoid accidental triggering
        of the plan; and (iii) "Permitted Lock-Up" would allow tendering to a
        competing bid for a higher price even if such bid is for less shares.

The Fund's board looks forward to seeing unitholders at the annual and special meeting to be held at The Albany Club, 91 King Street East, Toronto, Ontario, on May 13, 2010 at 2:00 p.m. (Eastern time).

For unitholders unable to attend in person, you are encouraged to submit your proxy so that you can vote at the meeting in accordance with the instructions provided in the information circular dated April 13, 2010, a copy of which is on the SEDAR website at www.sedar.com.

About Futuremed

Futuremed 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.

%SEDAR: 00023012E


For further information: For further information: Futuremed Healthcare Income Fund, Daniel Sacks, Chief Financial Officer, (905) 761-0068, ext. 2222, Toll-free investor relations: 1-800-387-7025, www.futuremed.ca

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