Executive with 25 Years of Corporate Finance and M&A Experience Joins Northstar as Chief Financial Officer

Northstar Welcomes Harry Fleming to Executive Team

HOUSTON, TX, March 4, 2013 /CNW/ - Northstar Healthcare Inc. today announced that Harry Fleming has joined Northstar as its new Chief Financial Officer. Mr. Fleming has been a director at Northstar since 2010. Mr. Fleming is replacing Thomas Foster, who will remain on Northstar's board of directors and will act as the company's Chief Tax Counsel.

Mr. Fleming has over 25 years of legal experience in corporate finance and securities law and has focused much of his career on emerging growth companies, mergers and acquisition, strategic business planning and alliances, and investor relations. His background includes venture capital representation, business strategy consulting, public company representation, mergers and acquisitions with high tech firms in Houston and Boston. He also has extensive experience with consolidating companies in the waste management, healthcare and energy industries. Having spent more than 20 years working at law firms in Houston and Boston, Mr. Fleming maintains the highest rating (AV) of U.S. attorneys by Martindale Hubbell. He also acted as general counsel and chief financial officer for several companies with an emphasis on start-up and growth strategies.

"Mr. Fleming has been a trusted advisor to the management team," notes Dr. Donald Kramer, Northstar's CEO. "His skills in corporate acquisitions will be highly valuable in helping Northstar to grow its current portfolio.  Recently Mr. Fleming led Northstar's effort to raise debt financing to purchase a company that manages numerous surgical centers across the United States. While we were not the winning bid in that transaction, that effort marked the beginning of what I hope will be an aggressive acquisitive phase for Northstar under Mr. Fleming's leadership. We will need points of delivery for the care of patients as our new Chief Marketing Officer, Adam Lefton, sources the patients to build our volume of surgical cases."

"I'm thrilled to be joining Northstar," said Mr. Fleming. "Under Dr. Kramer's leadership the Company has completed its turnaround and is well on its way to delivering profits for its shareholders. This positions Northstar well to begin acquisition discussions."

Mr. Fleming is admitted to practice law in the State of Texas and the Commonwealth of Massachusetts. He also is admitted to practice before the U.S. Supreme Court. Mr. Fleming received his MBA from Boston College in 1999, his JD from the University of Houston in 1983 and his BA from the University of St. Thomas in 1980.

Northstar Thanks Thomas Foster for his Service

"Northstar thanks Tom Foster for his service as the Company's CFO since early 2011," said Dr. Kramer, "I pleased that Tom will remain with the Company as Chief Tax Counsel."   Mr. Foster practiced federal and cross-border taxation (international, state and local) for 30 years (through 1997) at Exxon. Mr. Foster presented numerous tax presentations and meetings with various foreign governments (including China) on local and U.S. tax issues of concern to U.S. oil companies. He managed state income tax litigation (including various major Alaska tax cases). He coordinated industry efforts to challenge states' positions on various tax issues in state and federal courts, including the U.S. Supreme Court.  In addition, Mr. Foster private practiced law specializing in tax and restructuring.

Mr. Foster received his LLM in taxation from New York University School of Law, his JD from Baylor University School of Law and his BBA from Baylor University School of Business. Mr. Foster is a CPA and admitted to practice law in the State of Texas.

About Northstar Healthcare Inc.

Northstar partners with physicians in the ownership and management of ambulatory facilities and healthcare services. Northstar owns and manages interests in three ambulatory surgery centers, two in Houston and the third in Dallas.

Forward-looking statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Northstar Healthcare Inc. (the "Company") and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company's regulatory filings available on the Company's web site at www.Northstar-Healthcare.com or at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.

SOURCE: Northstar Healthcare Inc.

Matthew Maruca
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