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
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
Thomas Foster Tel: (713) 355-8614 E-mail:firstname.lastname@example.org
SOURCE: Northstar Healthcare Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Northstar Healthcare Inc.
NI: HEA PVT NEWSTK
-0- Jan/07/2013 11:30 GMT
Press spacebar to pause and continue. Press esc to stop.