Northstar Announces Results of Annual Shareholder Meeting

HOUSTON, TX, June 12, 2013 /CNW/ - Northstar Healthcare Inc. (NHC:TSX) ("Northstar") today announced the voting results from its annual shareholder meeting held on June 11, 2013 (the "Meeting").  The Company's Shareholders elected Donald Kramer, Harry Fleming, Douglas Samuelson, Daniel Steinberg, James Springfield, Jennifer Pfahler, and Richard Ganley as directors of the Company.

In addition to the election of directors, the shareholders voted in favor of resolutions approving the reappointment of Calvetti, Ferguson, and Wagner as the Company's auditors and approving an amendment to the Company's stock option plan that increased the number of options available to 20% of issued and outstanding Northstar common shares.  The amendment did not affect the insider participate limit.

In addition, on June 3, 2013 the Company granted stock options with a strike price of $.30 (Cdn) to Harry Fleming in the amount of 500,000 options, to Kenneth Efird in the amount of 500,000 options, to Matthew Maruca in the amount of 100,000 options and to Daniel Nguyen in the amount 50,000 options.

For more information on the directors and resolutions, please see the Company's most recent management information circular which is filed under the Company's profile on SEDAR at www.sedar.com.

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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E-mail: [email protected]