EXHIBIT 99.1

                             JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, each of the persons named below agrees to the joint filing of a
Statement on Schedule 13G (including amendments thereto) with respect to the
common stock, of KBL Healthcare Acquisition Corporation IIIl, Delaware
corporation, and further agrees that this Joint Filing Agreement be included as
an exhibit to such filings provided that, as contemplated by Section
13d-1(k)(l)(ii), no person shall be responsible for the completeness or accuracy
of the information concerning the other persons making the filing, unless such
person knows or has reason to believe that such information is inaccurate.

     In evidence thereof, the undersigned, being duly authorized, hereby execute
this Agreement this June 16, 2008.

OLD LANE HEDGE FUND GP, LLC


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director

OLD LANE PARTNERS, LP

By: Old Lane Partners GP, LLC, its general partner


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director

OLD LANE, LP


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director

OLD LANE PARTNERS GP, LLC


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director

OLD LANE HOLDINGS, LP

By: Old Lane Holdings, GP, LLC, its general partner


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director


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OLD LANE HOLDINGS GP, LLC


By:    /s/ Jonathan Barton
       -------------------
Name:  Jonathan Barton
Title: Managing Director


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