Northstar Healthcare Announces Equity Restructuring of Dallas-Area Surgery Center

HOUSTON, TX, Aug. 16, 2012 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) today announced that it has entered into agreements to restructure the equity at Northstar's affiliated Dallas-area ambulatory surgery center, Microsurgery Institute, LLC.  The net result of this transaction is that Northstar has increased its equity ownership in Microsurgery Institute from 25% to 50%.

Dr. Donald Kramer, Chief Executive Officer of Northstar, stated, "We're very excited about the re-syndication of our Dallas center.  Several well-respected Dallas surgeons are performing cases at Microsurgery Institute and this agreement will position Microsurgery Institute to recruit new member-physicians. We hope to add new member-physicians in the very near future."

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.

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