Document:

EXHIBIT 10.43

                                October 22, 2001

Via email jfesta@eglholdings.com
--------------------------------

Mr. John R. Festa
1255 Mt. Paran Road
Atlanta, Georgia 30327

Dear John:

     Based upon our  conversations,  I am very pleased to offer you the position
of President and Chief  Executive  Officer of CareCentric,  Inc.  (CURA:  Nasdaq
Small  Cap).  As you  know,  this  position  reports  directly  to the  Board of
Directors, John E. Reed, Chairman. Upon your written acceptance of this offer, I
will resign as President and CEO, and become Vice Chairman,  an officer position
responsible  for working  with the  President  to set the course for product and
business  development  strategy.  I am personally  pleased that a person of your
experience and ability is interested in joining the CareCentric team, and I look
forward  to  working  with  you  to  achieve  success  in  the  home  health  IT
marketplace.

     Enclosed  are the business  goals for the position of President  and CEO of
CareCentric,  Inc. and the  compensation  package which we have  discussed.  The
documents,  forms and agreements necessary to implement the compensation package
will be forthcoming upon your written acceptance.  We understand that you intend
to begin the  transition  from your present  responsibilities  to CareCentric on
October 30, 2001 and be effectively full time  approximately  November 12, 2001.
Officers and directors are protected under an  indemnification  agreement (to be
presented  for signature  upon written  acceptance)  and a D & O policy.  At its
meeting scheduled for November 28, 2001, the Board will consider the creation of
an ex officio seat on the Board for you as CEO of the Company.

GOALS
-----

     Financial and Cash Flow:

1.   Achieve positive and growing cash flow for the business. Continue to remove
     the  trappings of a big,  inflexible  company to create a smaller,  growing
     company.  Organize FTE's currently at each of three operational  centers to
     achieve efficient  operations based on strategic  direction  developed with
     the Board.

2.   Maximize all revenue  opportunities  with the customer base and home health
     market.  Efficiently  organize  and  deploy  sales  force.  Work  with CFO,
     controller and  operational  managers to improve  financial  procedures and
     reporting.

     Performance Milestones:

1.   Keep present base of customers  satisfied through superior customer service
     (continued expansion and improvement of Real Time Support),  implementation
     and  training  (roll  out and  development  of  Total  Customer  Management
     process) and product vision (refinement and application of Project Unify to
     total development process).

2.   Re-examine marketing programs to rifle-shoot  immediately  achievable goals
     while maintaining minimal market presence.

3.   Study,  develop,  implement  and  execute an  approach  to Smart  ClipBoard
     support activities,  sales strategy and product improvement and development
     to maximize value while preserving capital.

4.   Create,  implement  and  execute  a plan  for next  generation  HHA and HME
     products through internal development,  partnering or acquisition.  Product
     should  address  both  sales  to new  customers  and  reasonable  migration
     opportunity  for current HME and HHA customers.  Use available cash flow to
     fund this program  initially  and look for  additional  funds to accelerate
     once direction, process and scope are proven.

<PAGE>

COMPENSATION
------------

BASE  SALARY:  $200,000  computed on an annual  basis.  Annually  the Board will
consider  an increase to the Base  Salary  based upon the  profitability  of the
Company and performance.

ANNUAL  BONUS:  First  year:  Up to  50%  of  Base  salary.  Assuming  continued
employment, Second year: Up to 65% of Base Salary:

     a)   50% of bonus  opportunity  related to meeting  financial and cash flow
          goals to be defined in writing setting forth with more specificity the
          goals set forth above for the period  ending  December 31, 2002 or any
          subsequent  period by  mutual  agreement  of you and the  Compensation
          Committee of the Board before December 15, 2001.

     b)   50% of bonus opportunity related to performance  milestone goals to be
          defined in writing  setting forth with more  specificity the goals set
          forth above for the period ending  December 31, 2002 or any subsequent
          period by mutual  agreement of you and the  Compensation  Committee of
          the Board before December 15, 2001.

     For each  component,  a minimum of 75%  performance  is required to trigger
     eligibility, based on the assessment of the Board.

STOCK GRANT: Pursuant to a written stock purchase agreement,  a grant of 210,000
shares of Series E Convertible  Preferred Stock at the closing price on the date
of your written acceptance. The shares are convertible into Common Stock one for
one and bear a 3.5%  non-cumulative  coupon.  Half of the shares  (105,000) vest
over three years;  the other half are forfeitable for failure of performance pro
rata over each of three years.  Conversion  to Common can occur after vesting or
forfeiture date passes.  All shares will vest upon sale of the business and have
a priority at sale of the business  behind JE Reed's and BC O'Donnell's  secured
notes,  on a par with JE Reed's Series D and before  Mestek's  Series B & C. The
Series E shares have a liquidation  priority  behind all other secured notes and
preferred shares.  The Series E shares are restricted stock subject to Rule 144.
You shall have registration rights in the shares that piggyback any registration
right of JE Reed and/or Mestek. Any personal income taxes, including FICA taxes,
realized  upon the  grant of the  Series E shares  will be  loaned to you by the
Company as evidenced by a promissory note and secured by future  bonuses.  There
will be an anti-dilution clause for the first instance of new equity (other than
the grant of stock  options  under  the  existing  Omnibus  Plan)  resulting  in
dilution up to the first $6.0 million of equity  infusion.  All of the foregoing
terms and  conditions  will be set  forth in a stock  agreement  accompanying  a
Certificate of Designations,  Preferences and Rights of Series E Preferred Stock
of CareCentric, Inc. to be authorized and approved by the Board.

STOCK RIGHTS:  Right to  participate  in offerings of new equity not involving a
change of control. This right shall include a pre-emptive right to 3% of the new
equity.

SALE OF  BUSINESS  SUCCESS  FEE:  Fee  based on the Net  Value  received  by the
shareholders for the Sale of the Company during the period you are CEO and for a
period of nine months thereafter, on the following formula:

5.0% on the first $50.0 million after $15.0, plus
2.5% on the next $50.0 million, plus
1.0% on amounts above $115.0 million.

For example,  a sale price to the  shareholders  of $15 million yields no fee. A
sale price to the  shareholders  of $65.0  million  yields a fee of $2.5 million
(.05 x 50,000,000).  A sale price to the shareholders of $100.0 million yields a
fee of $3.75 million (.05 x 50,000,000 + .025 x 50,000,000).

<PAGE>

CHANGE OF CONTROL AND SEVERANCE:  If you are terminated within 18 months after a
Change of  Control  Transaction  or if you are  terminated  Without  Cause,  the
Company  shall pay to you a severance  benefit equal to 12 months of base salary
payable at your base salary rate as of the date the severance  event occurs plus
your Company benefits (as described below) over such period.  Severance payments
shall be made in accordance with the Company's  normal payroll  practices,  with
appropriate deductions for state and federal taxes and FICA.

BENEFITS:  You will be eligible for  standard  Company  benefits and  retirement
programs as of November 1, 2001,  plus payment of $306.00 per month for personal
disability  program and $700.00 per month as a car allowance.  Modest  executive
perquisites such as professional fees, dues,  subscriptions,  Cherokee Town Club
membership ($350.00 per month) and the like as they benefit the business will be
paid.  Vacation:  up to 4  weeks  balancing  the  needs  of the  business  while
maintaining focus and energy.

KEY EMPLOYEE  INCENTIVES:  The Board  supports  incentives to the key players on
your  team in the form of  bonuses  and/or  stock  options  that are  earned  by
financial and milestone  performance  set annually by you in close  consultation
with the Board.

ADDENDUM:  Certain  capitalized terms used in this offer letter are clarified in
the Addendum hereto, which shall be deemed a part hereof.

     If you  have any  questions  on the  foregoing  please  contact  me at your
earliest convenience. If you have any questions on Company benefits, please feel
free to contact Ana  McGary.  We look  forward to your  written  acceptance  and
working together.

                               Very truly yours,

                               On behalf of the Compensation Committee

                               /s/ R. Bruce Dewey
                               R. Bruce Dewey,
                               President and CEO

Accepted this 30th day of October, 2001.

/s/ John R. Festa
------------------------
JOHN R. FESTA

Cc:   John E. Reed
      Dr. David O. Ellis
      Ana McGary
      Jeff Westerberg
      Sherman Cohen, Esq.

<PAGE>

                            Addendum To Offer Letter

     "Change of Control Transaction" means (i) the acquisition of the Company by
a  non-affiliated  third party pursuant to a merger,  consolidation  or business
combination;  (ii) the sale of all or a  substantial  part of the  assets of the
Company to a non-affiliated  third party;  (iii) the occurrence of a transaction
pursuant to which any entity or person shall,  alone or in combination  with any
affiliate (as defined in the  Securities and Exchange Act of 1934 as amended and
all regulations  promulgated pursuant thereto,  (the "Exchange Act")) become the
beneficial  owner (as defined in Rules  13(d)-3 and 13(d)-5  under the  Exchange
Act) or fifty percent (50%) or more of any outstanding class of capital stock of
the Company having  ordinary  voting power in the election of its directors;  or
(iv) Mestek, Inc. and John E. Reed collectively shall cease to own capital stock
of the Company  with total  voting  power in the  election of its  directors  of
twenty-five percent (25%) or more.

     "Confidential   Information"  means  any  trade  secrets,  customer  lists,
computer  programs,  drawings,  designs,  marketing or sales  plans,  management
organization  information  (including  data and other  information  relating  to
members of the Board or  management),  operating  policies or manuals,  business
plans, financial records or other financial,  commercial,  business or technical
information  relating  to the  Company or any of its  subsidiaries  unless  such
Confidential  Information  has been  previously  disclosed  to the public by the
Company  or is in  the  public  domain  (other  than  by  reason  of  Employee's
Termination With Cause).

     "Net  Value"  shall  mean  the  full  transaction  value of any Sale of the
Company including,  without limitation, the total value of all cash, securities,
other  property  and any  contingent,  earned  or  other  consideration  paid or
payable,  directly or indirectly, by an acquiring party to a selling party or to
a participant in the transaction in connection with a Sale of the Company.  "Net
Value" shall not include the face value of any indebtedness to which the Sale of
the Company is subject or to which the Company or its subsidiaries or affiliates
(or portion  thereof)  to be sold  remain  obligated,  or  indebtedness  that is
assumed in  connection  therewith,  the value of any  consulting  or  employment
agreements  received  by the  principals  of the  Company  in excess of the fair
market  value  of  the  employment  or  consulting   services  provided  by  the
principals,  and the value of any payments to be received by the  principals  of
the Company for entering into  non-compete or similar  agreements.  The value of
any  securities  (whether  debt or equity) or other  property  or items of value
shall be determined as follows:  (1) the value of securities  that are quoted on
an  established  public market will be determined on the basis of the average of
the last market closing price prior to the public  announcement  of the sale and
the last market  closing  price  prior to the  closing of the sale;  and (2) the
value  of  securities  that  have  no  established  public  market,  or  if  the
consideration utilized consists of property other than securities,  the value of
such  other  property,  shall be the fair  market  value  thereof on the date of
closing.

     "Sale of the Company"  means any  transaction  or series or  combination of
transactions,  other than in the ordinary course of trade or business,  whereby,
directly or  indirectly,  control of or an  interest of greater  than 35% in the
Company or any of its  assets,  is  transferred  for  consideration,  including,
without  limitation,  a sale or exchange of capital stock or assets, a merger or
consolidation,  a  recapitalization,  a tender or  exchange  offer,  a leveraged
buy-out, or any similar transaction.

     "Termination   With  Cause"  means  the   termination   of  the  employment
relationship of Mr. Festa ("Employee") with the Company, only for the following:

     (i) Theft or  embezzlement  by  Employee  with  regard to  property  of the
Company;

     (ii)  Continued  gross  neglect by  Employee  in  fulfilling  his duties as
President and Chief Executive Officer of the Company, after written notification
from the Board of Directors of such gross  neglect,  setting forth in detail the
matters  involved and Employee's  failure to cure the problem  resulting in such
gross  neglect  within  thirty (30) days of receipt of notice by Employee by the
Company;

     (iii) Death or permanent disability of Employee;

<PAGE>

     (iv) Actual fraud or other  material acts of  dishonesty in conducting  the
Company's   business  or  in  the   fulfillment  by  Employee  of  his  assigned
responsibilities,  the  destruction  of any  material  amount  of the  Company's
property willfully or through Employee's gross neglect;

     (v) in the reasonable judgment of the Board of Directors,  the Employee has
compromised  trade  secrets (as defined under Georgia law) of the Company or any
of its subsidiaries or other Confidential Information; or

     (vi) A violation or other failure of Employee to perform in accordance with
any material  provision of any written  agreement with the Company or to perform
in accordance  with the reasonable  directives  imposed upon him by the Board of
Directors of the Company, if such violation or other failure is not cured within
thirty (30) days of receipt of notice by Employee from the Company.

     "Termination  Without  Cause"  means a  termination  by the  Company of the
employment  relationship of Employee with the Company which is not a Termination
With Cause or a voluntary termination.

1410480v3EXHIBIT 10.44

                              STOCK GRANT AGREEMENT

     THIS STOCK GRANT  AGREEMENT (the  "Agreement") is made and entered into the
23rd day of January,  2002, between  CARECENTRIC,  INC., a Delaware  corporation
(the "Corporation"), and JOHN R. FESTA (the "Grantee").

                              W I T N E S S E T H :
                              - - - - - - - - - -

     WHEREAS,  Grantee  desires to be granted,  and the  Corporation  desires to
grant to Grantee,  shares of Series E Preferred  Stock ("Series E Stock") of the
Corporation,  $.001 par value, as part of the  compensation  package provided to
Grantee  in his  capacity  as  President  and  Chief  Executive  Officer  of the
Corporation.

     NOW,  THEREFORE,  for good and  valuable  consideration,  the  receipt  and
sufficiency of which is hereby acknowledged, the parties agree as follows:

     1. GRANT OF STOCK.  The  Corporation  hereby  grants to Grantee and Grantee
hereby  accepts from the  Corporation an aggregate of 210,000 shares of Series E
Stock (the "Shares"), said aggregate number of Shares to be issued at no cost to
Grantee,  in  consideration  of Grantee  accepting the position of president and
chief  executive  officer of the  Corporation,  and  subject to the  vesting and
forfeiture provisions as specified below.

     2. INVESTMENT  REPRESENTATIONS.  Grantee hereby  covenants,  represents and
warrants  to the  Corporation  as  follows,  and  acknowledges  that  each  such
covenant, representation and warranty is material to and is being relied upon by
the Corporation.

          2.1 Grantee is receiving  the Shares  solely for Grantee's own account
for  investment  purposes  and not  with a view or  interest  of  participating,
directly  or  indirectly,  in the  resale  or  distribution  of all or any  part
thereof.

          2.2 Grantee  acknowledges  that all the Shares acquired by Grantee are
to be issued without  registration and in reliance upon certain  exemptions from
registration  requirements under the Federal Securities Act of 1933, as amended,
and under applicable  state  securities  laws.  Grantee will make no transfer or
assignment of any of the Shares except in compliance  with the Securities Act of
1933, as amended, and applicable state securities laws. Grantee consents, agrees
and  acknowledges  that the certificate or certificates  representing the Shares
will be inscribed with a legend regarding the foregoing.

          2.3  Grantee is aware  that no  federal  or state  agency has made any
recommendation or endorsement of the Shares.

          2.4 Neither the  Corporation  nor any person  acting on its behalf has
offered  the Shares to Grantee  by means of  general or public  solicitation  or
general or public advertising,  such as by newspaper or magazine advertisements,
by broadcast  media, or at any seminar or meeting whose attendees were solicited
by such means.

<PAGE>

          2.5 Grantee has received and carefully reviewed disclosure information
of the Corporation prior to investment,  including proxy statements, Forms 10-K,
10-Q and 8-K filed with the Securities and Exchange Commission ("SEC").  Grantee
has had a reasonable  opportunity  to ask questions of and receive  answers from
the  Corporation's   officers  and  directors  concerning  the  Shares  and  the
Corporation and to obtain any additional  information,  documents or instruments
available  without  unreasonable  effort or  expense  necessary  to  verify  the
accuracy  of the  information  provided  by the  Corporation  or to  answer  any
questions  which Grantee may have.  All such questions have been answered to the
full  satisfaction  of  Grantee.  No oral  information  furnished  to Grantee in
connection  with the  offering  of the Shares is  inconsistent  with any written
information provided by the Corporation. Grantee is an "accredited investor," as
defined  under the  Securities  Act of 1933,  as amended  (the  "Act").  Grantee
recognizes that Arnall Golden Gregory LLP, counsel for the Corporation,  has not
conducted due diligence on behalf of Grantee or Grantee's representatives.

          2.6 Grantee has had an opportunity to consult with Grantee's own legal
counsel, tax and financial advisors regarding the Shares.

          2.7  Grantee   acknowledges  that  the  ownership  of  Shares  in  the
Corporation is a speculative investment.  Grantee acknowledges that no public or
secondary  market  exists or may ever  exist for the  Shares  and,  accordingly,
Grantee  will not be able to  readily  liquidate  Grantee's  investment  in such
Shares.

          2.8 Grantee  acknowledges  and represents  that no commission or other
remuneration  has been paid or given  directly or indirectly in connection  with
the grant of the Shares to Grantee.

          2.9 Grantee has full legal power and authority to execute and deliver,
and to perform Grantee's  obligations  under, this Agreement and such execution,
delivery and performance  will not violate any agreement,  contract,  law, rule,
decree or other legal restriction by which Grantee is subject or bound.

          2.10  Grantee   understands   that  Grantee  may  suffer  adverse  tax
consequences  as a result of  Grantee's  receipt or  disposition  of the Shares.
Grantee represents that Grantee has consulted any tax consultants  Grantee deems
advisable in connection  with the receipt or  disposition of the Shares and that
Grantee is not relying on the Corporation for any tax advice.

          2.11 The address set forth on the signature  page to this Agreement is
Grantee's  true and correct  residence  and Grantee has no present  intention of
becoming a resident of any other state or country.  All information that Grantee
has  heretofore  provided  to the  Corporation  and  that  is  provided  in this
Agreement is true and correct as of the date of this Agreement.

          2.12 Grantee acknowledges that the Shares are "restricted  securities"
within the meaning of Rule 144  promulgated  under the Act;  that the Shares are
not registered  under the Act; and that although  resales may be permitted under
certain circumstances, the Corporation is under no obligation to take any action
to establish those circumstances. Grantee understands the limitations imposed by
the Act  and is  familiar  with  Rule  144,  as  presently  in  effect,  and the
conditions that must be met for certain executive  officers regarding the resale
of "restricted  securities" and the requirement that the Shares must be held for
a holding period after grant from the Corporation prior to resale.

                                       2
<PAGE>

          2.13  Grantee  acknowledges  that  the  Corporation  may  rely  on the
foregoing  representations  and warranties in determining  whether to enter into
this  Agreement.  If for any reason the  representations  and  warranties are no
longer  true  and  accurate  prior  to  acceptance  of  this  Agreement  by  the
Corporation,  Grantee will give the  Corporation  prompt  written  notice of the
inaccuracy.

     3. FORFEITABILITY AND VESTING CONDITIONS APPLICABLE TO SHARES.

          3.1 Fifty percent (50%) of the Shares  (105,000  Shares) shall vest in
accordance  with the following  vesting  schedule  until all 105,000  Shares are
vested.  All references to the number of Vested Shares are subject to adjustment
for stock splits, stock dividends and the like.

                               Vesting Schedule

          Vesting Commencement Date:    The date of this Agreement.

          Total Number of Shares:       105,000

          Vesting Schedule:             1/3rd  of the  Total  Number  of  Shares
                                        shall vest on the first  anniversary  of
                                        the Vesting  Commencement Date and 1/3rd
                                        of the Total Number of Shares shall vest
                                        each  anniversary  thereafter  until the
                                        third (3rd)  anniversary  of the Vesting
                                        Commencement Date, when the Total Number
                                        of shares shall be vested.

          3.2 Upon the  termination of Grantee's  employment by the  Corporation
for any reason prior to the third (3rd) anniversary of the Vesting  Commencement
Date, any unvested Shares shall be forfeited to the Corporation.

          3.3  Fifty  percent  (50%) of the  Shares  (105,000  Shares)  shall be
subject to forfeiture pro rata over a three (3) year period if the Corporation's
financial,  cash flow and  performance  milestone  goals are not achieved in the
manner set forth in detail on Exhibit A attached  hereto  ("Goals")  for each of
the  three  (3)  years  commencing  as  of  January  1,  2002   ("Forfeitability
Conditions").  At the end of each  year  during  such  three  (3)  year  period,
one-third  (1/3) of the Shares subject to the  Forfeitability  Conditions  shall
either  be  forfeited  in whole or in part (if the  Goals  for that year are not
completely  achieved) or such Shares shall be released  from the  Forfeitability
Conditions (if the Goals for that year are completely achieved). The Corporation
shall notify  Grantee no later than fifteen (15) days after the end of each year
as to whether the Goals were achieved  during the previous  year. All references
to the number of Shares in this Section 3.3 are subject to stock  splits,  stock
dividends and the like.

                                       3
<PAGE>

          3.4 In  addition  to any  other  limitation  on  transfer  created  by
applicable securities laws, Grantee shall not assign, encumber or dispose of any
interest  in  the  Shares  while  the  Shares  are  subject  to  vesting  and to
Forfeitability  Conditions.  After any Shares have vested or have been  released
from Forfeitability Conditions, Grantee shall not assign, encumber or dispose of
any interest in such Shares  except in  compliance  with  applicable  securities
laws.

          3.5 As a  result  of any  forfeiture  of  unvested  Shares  or  Shares
forfeited  pursuant to Forfeitability  Conditions,  the Corporation shall become
the legal and beneficial  owner of the Shares being forfeited and shall have all
rights and interest therein or related thereto,  and the Corporation  shall have
the right to transfer to its own name the number of Shares  being  forfeited  to
the Corporation or to cancel them on its books and records such that they are no
longer issued and outstanding, without further action by Grantee.

          3.6 For purpose of  facilitating  the enforcement of the provisions of
Section 3 hereof,  Grantee  agrees  that the  Corporation  will retain any stock
certificates  representing  unvested Shares or Shares subject to  Forfeitability
Conditions  until  such  Shares  are fully  vested or are no longer  subject  to
Forfeitability  Conditions.  With  respect  to any  Shares  that  are  forfeited
pursuant to this Section 3, Grantee agrees that without the execution of further
documents or instruments by Grantee,  the Corporation  shall have the right, and
is hereby  irrevocably  authorized  and  appointed,  to transfer such  forfeited
Shares upon the books and records of the  Corporation and such transfer shall be
binding upon and enforceable against Grantee and Grantee's successors,  assigns,
heirs, beneficiaries and legal representatives.  Grantee agrees that in order to
ensure  compliance with the restrictions  referred to herein the Corporation may
issue  appropriate  "stop transfer"  instructions to its transfer agent, if any,
and  that  if  the  Corporation  transfers  its  own  securities,  it  may  make
appropriate  notations  to the same effect in its own records.  The  Corporation
shall issue and deliver to Grantee (i)  certificates for all Shares that vest no
later than ten (10) business days after the date such vesting  occurs,  and (ii)
for all Shares as to which the  Forfeitability  Conditions no longer  apply,  no
later  than ten (10)  business  days  after  the  Corporation  notifies  Grantee
pursuant to Section 3.3 that the  Forfeitability  Conditions  no longer apply to
such Shares.

          3.7  Notwithstanding  any provision in this Section 3 to the contrary,
all Shares  shall  immediately  vest and no longer be subject to  Forfeitability
Conditions upon the consummation of a Change of Control  Transaction (as defined
in Section 7 hereof).

     4.  LEGENDS  ON  STOCK   CERTIFICATES.   The  certificate  or  certificates
representing  the Shares shall bear the following legend (as well as any legends
required by applicable state and federal corporate and securities laws):

     THE SHARES  REPRESENTED  BY THIS  CERTIFICATE  MAY BE  TRANSFERRED  ONLY IN
ACCORDANCE  WITH THE TERMS OF AN  AGREEMENT  DATED  JANUARY 23, 2002 BETWEEN THE
CORPORATION  AND THE GRANTEE,  A COPY OF WHICH IS ON FILE WITH THE  SECRETARY OF
THE CORPORATION.

Upon the  expiration  of the three (3) year  vesting  period  and three (3) year
duration of  Forfeitability  Conditions  under Section 3 above,  the Shares then
held by Purchaser will no longer be subject to the immediately foregoing legend.
After such time, and upon Grantee's  request,  a new certificate or certificates

                                       4
<PAGE>

representing  the Shares not forfeited  shall be issued and delivered to Grantee
without  such  legend  (but with such  legends,  if any,  as may  continue to be
required by applicable state and federal corporate and securities laws).

     5. SECTION 83(B) ELECTION.

          5.1 Section  83(b) of the Internal  Revenue  Code of 1986,  as amended
(the "Code"),  taxes as ordinary  income the difference  between the amount paid
for the  Shares  and the  fair  market  value of the  Shares  as of the date any
forfeiture  restriction  on the  Shares  lapses.  In this  context,  "forfeiture
restriction" means the right of the Corporation to buy back or otherwise receive
by  forfeiture  the Shares at the same price paid by Grantee.  In the absence of
the stockholder making timely filings of a Section 83(b) election (i.e.,  within
30 days of the  date of  purchase  or  grant of the  Shares)  with the  Internal
Revenue Service, the Internal Revenue Service will measure the fair market value
of the stock at the time the forfeiture  restriction  lapses (i.e.,  at the time
the stock vests and the  Corporation  no longer has the right to  repurchase  or
otherwise  receive by  forfeiture  the  Shares)  against the price paid for such
Shares and treat the  difference  as  ordinary  income to the  stockholder.  The
Section 83(b) election  accelerates the snapshot of this measurement to the date
the stock was purchased by or otherwise received by the stockholder, rather than
the date the forfeiture  restriction lapses (the date of vesting or the date any
forfeiture  conditions  lapse).  Thus, if (a) a Section 83(b) election is timely
made by the stockholder and (b) at the date of purchase or grant the fair market
value of the stock does not exceed  the price paid by the  stockholder,  then no
taxes will be owed by the  stockholder  in connection  with the stock  issuance.
Further, by having made the Section 83(b) election, no taxes will be owed by the
stockholder as a result of the lapse of the forfeiture  restrictions (i.e., as a
result of the vesting of the stock ownership and the lapse of the  Corporation's
right to  repurchase or otherwise  receive by forfeiture  the stock at the price
paid by the stockholder).  In addition to filing the Section 83(b) election with
the  Internal  Revenue  Service,  the  stockholder  must  file a copy  with  the
Corporation and must file a copy with stockholder's income tax return.

          5.2 The  foregoing  is only a summary of the  effect of United  States
federal  income  taxation  with respect to purchase OR GRANT of the shares owned
due to the existence of the VESTING  REQUIREMENTS AND FORFEITURE  CONDITIONS and
does not purport to be complete.  Grantee  understands that failure to file such
an  election  in a timely  manner  may result in adverse  tax  consequences  for
Grantee. Grantee acknowledges that the foregoing is only a summary of the effect
of United States  federal  income  taxation with respect to purchase or grant of
the Shares  hereunder,  and does not  purport to be  complete.  Grantee  further
acknowledges  that the  Corporation  has  directed  Grantee to seek  independent
advice  regarding the applicable  provisions of the Code, the income tax laws of
any municipality,  state or foreign country in which Grantee may reside, and the
tax consequences of Grantee's death.

          5.3 A form of  ELECTION  UNDER  SECTION  83(B) is attached  hereto.  A
filing  version may be  obtained  from the  Corporation  or from  Grantee's  tax
advisor.  GRANTEE  ACKNOWLEDGES THAT IT IS GRANTEE'S SOLE RESPONSIBILITY AND NOT
THE  CORPORATION'S  TO FILE TIMELY THE ELECTION  UNDER  SECTION  83(b),  EVEN IF
GRANTEE  REQUESTS THE CORPORATION OR ITS  REPRESENTATIVE  TO MAKE THIS FILING ON
GRANTEE'S BEHALF.

                                       5
<PAGE>

          5.4 Grantee agrees that simultaneously with the execution and delivery
of this Agreement, Grantee will execute and deliver to the Corporation a copy of
the  ACKNOWLEDGMENT  AND STATEMENT OF DECISION  REGARDING SECTION 83(B) ELECTION
attached hereto.

     6. REGISTRATION  RIGHTS.  Grantee shall have piggyback  registration rights
with respect to the Shares on the same terms and on an equal priority basis with
the piggyback registration rights of (i) Mestek, Inc. ("Mestek") pursuant to the
Second  Amended  and  Restated  Agreement  and  Plan of  Merger  and  Investment
Agreement  dated as of October  25, 1999 by and among the  Corporation,  Mestek,
MCS, Inc., John E. Reed ("Reed"),  Stewart B. Reed and E. Herbert Burk, and (ii)
Reed pursuant to the Series D Convertible  Preferred  Stock  Purchase  Agreement
dated June 12, 2000 between the Corporation and Reed.

     7. ADDITIONAL STOCK  ISSUANCES;  PREEMPTIVE  RIGHTS.  From the date of this
Agreement through January 31, 2003, the Corporation shall grant shares of Series
E Stock to Grantee to maintain his  percentage  ownership  of the  Corporation's
outstanding  capital  stock  as of  the  date  hereof  simultaneously  with  the
Corporation's issuance of equity securities for an aggregate consideration of up
to $6 million  (exclusive of option  exercises under the  Corporation's  omnibus
equity incentive plan), other than pursuant to a Change of Control  Transaction.
For all such  stock  issuances  by the  Corporation  that  result  in  aggregate
consideration in excess of $6 million,  Grantee shall have the right to purchase
securities  in such  offering  (based  on the  offering  amount  in excess of $6
million)  on the same terms and  conditions  thereof so as to maintain a minimum
ownership  percentage  of three  percent (3%) of the  Corporation's  outstanding
capital stock on a fully diluted basis.  For purposes of this Agreement,  Change
of  Control  Transaction  means  (i) the  acquisition  of the  Corporation  by a
non-affiliated  third  party  pursuant  to a merger,  consolidation  or business
combination;  (ii) the sale of all or a  substantial  part of the  assets of the
Corporation  to  a  non-affiliated  third  party;  (iii)  the  occurrence  of  a
transaction  pursuant  to  which  any  entity  or  person  shall,  alone  or  in
combination with any affiliate (as defined in the Securities and Exchange Act of
1934 as amended and all regulations promulgated pursuant thereto, (the "Exchange
Act"))  become the  beneficial  owner (as  defined in Rules  13(d)-3 and 13(d)-5
under the Exchange Act) of fifty percent (50%) or more of any outstanding  class
of capital stock of the Corporation having ordinary voting power in the election
of its  directors;  or (iv)  Mestek  and Reed  collectively  shall  cease to own
capital stock of the Corporation  with total voting power in the election of its
directors of fifteen percent (15%) or more.

     8.  ADJUSTMENTS FOR SPLITS,  RECLASSIFICATIONS,  ETC. In the event that the
Corporation  at any time or from time to time after the date hereof shall effect
a  subdivision  of the  outstanding  shares of the  Corporation's  common  stock
("Common  Stock")  into a greater  number  of  shares of Common  Stock (by stock
split, reclassification or otherwise), or in the event the outstanding shares of
Common  Stock  shall  be  combined  or  consolidated,   by  reclassification  or
otherwise, into a lesser number of shares of Common Stock, then the total number
of  shares  of  Series  E Stock to be owned by  Grantee  shall be  increased  or
decreased  proportionately.  The  Corporation  will take all required  corporate
actions, including increasing the number of shares of authorized Series E Stock,
as necessary, to effectuate the provisions of this Section 8.

                                       6
<PAGE>

     9. CLOSING  CONDITIONS.  The issuance of the Shares by the  Corporation  to
Grantee as contemplated by this Agreement is subject to the  satisfaction of the
following closing conditions:

          (a) the  execution  of an  employment  offer letter by Grantee and the
Corporation ("Offer Letter");

          (b) the  filing  with  the  Secretary  of  State  of  Delaware  of the
Certificate of Designations,  Preferences and Rights of Series E Preferred Stock
of CareCentric, Inc. ("Certificate of Designations");

          (c) approval of the Certificate of Designations,  Offer Letter and the
transactions  contemplated  by this  Agreement  by the  Corporation's  Board  of
Directors;

          (d)   written   consent  of  Mestek  and  Reed  to  the   transactions
contemplated by this Agreement;

          (e) filing of a listing  notice for the Shares with Nasdaq and payment
by the Corporation of all required filing fees in connection therewith; and

          (f) such  other  actions as may be  required  by the  Corporation  and
Grantee in order to comply with applicable law.

     10. MISCELLANEOUS.

          10.1 GOVERNING  LAW. This Agreement and all rights and  obligations of
the parties  hereto shall be governed,  construed and  interpreted in accordance
with the laws of the State of Georgia  without  giving  effect to  principles of
conflicts of law.

          10.2 MODIFICATIONS. No modification of or amendment to this Agreement,
nor any waiver or any rights under this Agreement,  shall be effective unless in
writing signed by the parties to this Agreement.  The failure by either party to
enforce any rights  under this  Agreement  shall not be construed as a waiver of
any rights of such party.

          10.3  SEVERABILITY.  If one or more  provisions of this  Agreement are
held to be unenforceable  under applicable law, the parties agree to renegotiate
such  provision  in good  faith.  In the event that the parties  cannot  reach a
mutually agreeable and enforceable replacement for such provision, then (i) such
provision  shall be  excluded  from  this  Agreement,  (ii) the  balance  of the
Agreement  shall be  interpreted as if such provision were so excluded and (iii)
the balance of the Agreement shall be enforceable in accordance with its terms.

          10.4  CONSTRUCTION.  This  Agreement  is the  result  of  negotiations
between and has been reviewed by each of the parties hereto and their respective
counsel, if any;  accordingly,  this Agreement shall be deemed to be the product
of all of the parties hereto, and no ambiguity shall be construed in favor of or
against any one of the parties hereto.

          10.5 NOTICES. Any notice required or permitted by this Agreement shall
be in writing and shall be deemed  sufficient when delivered  personally or sent
by  telegram  or fax or 72 hours  after being  deposited  in the U.S.  mail,  as
certified or registered mail, with postage  prepaid,  and addressed to the party
to be  notified  at the  address  set forth in the  signature  pages below or as
subsequently modified by written notice.

                                       7
<PAGE>

          10.6  COUNTERPARTS.  This  Agreement  may be  executed  in two or more
counterparts,  each of  which  shall  be  deemed  an  original  and all of which
together shall constitute one instrument.

          10.7 SUCCESSORS AND ASSIGNS. The rights and benefits of this Agreement
shall  inure  to the  benefit  of,  and  be  enforceable  by  the  Corporation's
successors  and  assigns.  The rights  and  obligations  of  Grantee  under this
Agreement  may  only  be  assigned  with  the  prior  written   consent  of  the
Corporation.

                         [Signatures begin on next page]

                                       8
<PAGE>

                           GRANTEE:  JOHN R. FESTA

                           Signature: /s/ John R. Festa
                                     -------------------------------------------
                           Print Full Name: John R. Festa
                                           -------------------------------------
                           Address:  1255 Mt. Paran Road
                                     Atlanta, Georgia  30327

                           Social Security No.:
                                               ---------------------------------

                           Telephone No.:
                                         ---------------------------------------

CARECENTRIC, INC.

By:    /s/ R.B. Dewey
    ----------------------------------------
Title: Vice Chairman
       -------------------------------------

Address of Corporation:

2625 Cumberland Parkway
Suite 310
Atlanta, Georgia 30339

                                       9
<PAGE>

                    ACKNOWLEDGMENT AND STATEMENT OF DECISION

                        REGARDING SECTION 83(B) ELECTION

     The undersigned, a grantee of securities ("Shares") of CareCentric, Inc., a
Delaware  corporation  (the  "Corporation")  by a  Stock  Grant  Agreement  that
includes  terms  and  provisions   relating  to  a  repurchase   option  of  the
Corporation, hereby states as follows:

     1. The undersigned either [CHECK AND COMPLETE AS APPLICABLE]:

          (a)  [____]  has  consulted,  and  has  been  fully  advised  by,  the
undersigned's own tax advisor, _________________________________________,  whose
business address is  ________________________________________,  and phone number
is ___________________,  regarding the federal, state and local tax consequences
of being granted the Shares,  and  particularly  regarding the  advisability  of
making elections pursuant to Section 83(b) of the Internal Revenue Code of 1986,
as amended (the "Code") and pursuant to the corresponding provisions, if any, of
applicable state law; or

          (b) [____] has knowingly chosen not to consult such a tax advisor.

     2. The undersigned hereby states that the undersigned has decided [CHECK AS
APPLICABLE]:

          (a) [____] to make an election  pursuant to Section 83(b) of the Code,
and is submitting to the Corporation,  an executed form entitled "Election Under
Section 83(b) of the Internal Revenue Code of 1986"; or

          (b) [____] not to make an election  pursuant  to Section  83(b) of the
Code.

     3. Neither the  Corporation nor any  representative  of the Corporation has
made any  representation  or warranty to the undersigned with respect to the tax
consequences  of the  undersigned's  purchase  of shares  under the Stock  Grant
Agreement  or of the making or failure to make an  election  pursuant to Section
83(b) of the Code or the corresponding  provisions,  if any, of applicable state
law.

                                   "GRANTEE":

                                   Enter Date:
                                               ---------------------------------

                                   ---------------------------------------------
                                   John R. Festa

                                       10
<PAGE>

                          ELECTION UNDER SECTION 83(B)

                      OF THE INTERNAL REVENUE CODE OF 1986

     The undersigned taxpayer elects,  pursuant to Section 83(b) of the Internal
Revenue  Code,  to include in  taxpayer's  gross income or  alternative  minimum
taxable income,  as applicable,  for the current taxable year, the amount of any
income that may be taxable to taxpayer in connection with taxpayer's  receipt of
the property described below:

1.   The name, address,  taxpayer  identification number and taxable year of the
     undersigned are as follows:

     NAME OF TAXPAYER:  John R. Festa

     ADDRESS: 1255 Mt. Paran Road, Atlanta, Georgia 30327

     IDENTIFICATION NO. OF TAXPAYER:  __________________________________________

     TAXABLE YEAR:  2002

2.   The  property  with  respect to which the  election is made is described as
     follows:  210,000  shares of the Series E Preferred  Stock of  CareCentric,
     Inc., a Delaware corporation (the "Corporation"). -----------

3.   The date on which the property was transferred is: January 23, 2002.

4.   The  property  is  subject  to  the  following  restrictions:  vesting  and
     forfeitability  conditions  as  described  in Stock Grant  Agreement  dated
     January 23, 2002.

5.   The fair  market  value at the time of  transfer  to  taxpayer,  determined
     without  regard to any  restriction  other than a restriction  which by its
     terms will never lapse, of such property was: $ -0-.

6.   The amount paid for such property: $ -0-.

The undersigned has submitted a copy of this statement to the party for whom the
services were  performed in  connection  with the  undersigned's  receipt of the
above-described  property.  The  transferee  of  such  property  is  the  person
performing the services in connection  with the transfer of said  property.  The
undersigned  understands  that the foregoing  election may not be revoked except
with the consent of the Commissioner.

                                   "GRANTEE":

                                   Enter Date:
                                               ---------------------------------

                                   ---------------------------------------------
                                   John R. Festa

<PAGE>

                                    Exhibit A

                   Goals relating to Forfeitability Conditions

1408410v5

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