Northstar Healthcare Settles Claims With Kirby Partnership Physicians
"This settlement represents another step towards the establishment of stable business operations for the Company," said
As disclosed in Northstar's public filings, the claims related to the recoupment of funds from the Kirby physicians' escrow accounts, relating to the difference between the reported accounts receivable and the actual collections for certain pre-IPO periods.
About Northstar Healthcare Inc. -------------------------------
Northstar owns and/or manages ambulatory surgery centres in the
Northstar was founded and sponsored by
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.
%SEDAR: 00025141E
For further information: Philip Koven, Tel: (416) 447-4740 Ext. 235, E-mail: [email protected]
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