Latest News

Diocese of Columbus Transfers Ownership of The Villas at St. Therese Property to Carmelite Sisters 16-Sep-2015
Germantown, NY - The Carmelite System, Inc., a Catholic not-for-profit health system sponsored by the Carmelite Sisters for the Aged and Infirm, has reached an agreement with the Diocese of Columb..

David Laplante Joins The Carmelite System as Vice President of Business Development 14-May-2015
Germantown, NY - Paul N. MacGiffert, President/CEO of The Carmelite System, announced that David Laplante has joined as Vice President of Business Development effective June 1, 2015. Mr. Lapla..

$18.63 Million Direct Bank Placement Bond Financing for Carmel Manor 13-May-2015
Germantown, NY - Cain Brothers served as sole investment banking advisor for the issuance of $18.63 million Series 2015 Direct Bank Purchase Bonds. Carmel Manor, a 145-bed not-for-profit ski..

Mt. Macrina Manor Becomes an Affiliate of The Carmelite System. 09-Apr-2015
Germantown, NY - Paul N. MacGiffert, President/CEO of The Carmelite Systems, announced that Mt. Macrina Manor in Uniontown, PA has become an Affiliate of the Carmelite System effective April 1, 20..

$72.9 Million Direct Bank Purchase Financing for The Carmelite System Obligated Group 19-Feb-2015
Germantown, NY - Cain Brothers served as sole investment banking advisor for the issuance of $72.9 million Series 2014 Direct Bank Purchase Bonds and Term Loan. The Carmelite System, a Cathol..

"Mission and Margin" A Letter from Mother Mark Louis Randall, O. Carm, Superior General 10-Feb-2015
Germantown, NY - "Mission and Margin" On January 26 the New York Times ran an article about an account recovery remedy which is recognized as legal in New York State – that of a nursi..