Northstar Focus on Revenue Growth Accelerates with Appointment of New Chief Business Development Officer

Northstar Congratulates Kenneth Efird's Promotion to Company's C-Suite

HOUSTON, March 14, 2013 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) ("Northstar") today announced that Dr. Kenneth Efird, D.C. has been promoted to Northstar's Chief Business Development Officer. Dr. Efird's relationship with the company began ten years ago when he was a leading physician who was practicing medicine at the Palladium for Surgery in Houston, a surgical center which Northstar purchased in 2007. Dr. Efird joined Northstar in 2010 to oversee Northstar's clinical operations. "I was always inspired by Northstar's founders, who consistently focused upon aligning Northstar's programs with physicians. As the healthcare industry continues to transform, there are a number of wonderful opportunities for Northstar to flourish. It is my responsibility to build our physician-led programs as a way to build Northstar's revenues," said Dr. Efird.

"Northstar was founded in 2007 with strong revenues tied largely to its physician relationships. Over a two-year period from 2007 to 2008, Northstar surgical centers' revenues exceeded $75.6 million dollars", notes Dr. Donald Kramer, Northstar's founder and current CEO. "The management team is strongly motivated to rebuild the company's revenues and reach its potential. Dr. Efird has deep domain knowledge and is highly respected by his colleagues. His work will dovetail with the work of Adam Lefton, our new Chief Marketing Officer, who is implementing our direct to consumer programs."

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
Tel: [phone]
E-mail: [email protected]