Northstar Healthcare Announces Results of TSX Continued-Listing Review

TORONTO AND HOUSTON, Nov. 23 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) today announced the results of a Toronto Stock Exchange review to confirm that Northstar meets the requirements for continued listing on the TSX. As previously disclosed, the review was a routine procedure required after Northstar's application under section 604(e) of the TSX Company Manual in August.

The TSX has confirmed that it has completed its de-listing review and that Northstar's shares will continue to be traded on the TSX.

About Northstar Healthcare Inc.
Northstar owns and/or manages ambulatory surgery centres in the United States, focusing initially on Houston and other metropolitan areas in Texas. At September 30, 2010, the Company held interests in two ambulatory surgery centres in Houston - a 72.5% partnership interest in The Palladium for Surgery - Houston and a 60% partnership interest in Medical Ambulatory Surgical Suites.

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.

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For further information:

Philip Koven
Tel: [phone] Ext. 235
E-mail: [email protected]