Northstar Healthcare Announces Closing Second Round of Re-Syndication at
Dallas-Area Surgery Center
HOUSTON, TX, Jan. 7, 2013 /CNW/ - Northstar Healthcare Inc. (TSX: NHC) today
announced the closing on December 31, 2012 of a private placement offering for
equity at Northstar's affiliated Dallas-area ambulatory surgery center,
Microsurgery Institute, LLC. As a result of the placement three
well-respected physicians either individually or through investment vehicles
will now be affiliated with Microsurgery.
Dr. Donald Kramer, Chief Executive Officer of Northstar, commented that,
"finalizing the second round of re-syndication at our Dallas center represents
another milestone in Northstar's continuing turnaround. In August we
finalized a new strategic partnership with a busy and reputable spine surgeon
and then set ourselves a goal of attracting new physician-talent to the
center. Now, several well-respected Dallas practitioners have affiliated
with Microsurgery and are performing cases there. We hope that as Microsurgery
continues to grow, it will also continue to attract this caliber of talent.
Physician acquisition is a key part of our two-pronged growth strategy. The
other being Northstar's direct-to-consumer marketing, which also continues to
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
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SOURCE: Northstar Healthcare Inc.
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-0- Jan/07/2013 11:30 GMT
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