Northstar Healthcare Reports Annual Results and 2012 Fourth Quarter

Northstar Healthcare Reports Annual Results and 2012 Fourth Quarter 
HOUSTON, TX, March 21, 2013 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) today 
announced its financial results for the three and twelve months ended December 
31, 2012. All dollar amounts are in United States currency unless otherwise 
stated; percentage calculations are based on the numbers in the financial 
statements and may not correspond to rounded figures presented in this release. 
Detailed information relating to the three and twelve months ended December 
31, 2012 is available in Management's Discussion and Analysis (MD&A) and 
Consolidated Financial Statements, which are available on the company's web 
site at: www.northstar-healthcare.com and at www.sedar.com. This information 
is not intended to provide a comprehensive comparison of financial results. 
"2012 was a momentous year for the Company. Management's vision for turning 
the Company around found substantial traction and Northstar was able to post 
its first positive net income producing year since 2007" said Dr. Donald 
Kramer, Northstar's founder and current CEO. "Northstar also successfully 
re-syndicated each of its three ambulatory surgery centers to provide proper 
equity alignment for future center growth and enhanced Northstar 
distributions. During 2012, management was able to grow top-line revenue by 
$6.5 million while keeping expenses comparatively uniform. This increase in 
service revenues fell to the bottom line and benefited both Northstar and our 
physician partners." 
Fourth Quarter Results 
Net patient service revenues for the three months ended December 31, 2012 
totaled $6.5 million, an increase of $2.3 million or 55.8%, compared to $4.2 
million from the prior corresponding period. The increase in net patient 
service revenues was primarily due to a 44.5% increase in revenues per case 
experienced through improved billing and collections efforts at all of our 
locations. 
The Company had net income of $0.4 million compared to a nominal amount in the 
prior corresponding period. This is primarily related to both improvements in 
revenue cycle management and favorable reimbursements in our pain specialty 
cases. This resulted in net income per weighted average share of $0.01. 
Cash flow provided by operating activities in the fourth quarter of 2012 was 
$2.5 million which represented a $2.4 million increase compared with cash flow 
provided by operating activities of $0.1 million in the corresponding period 
in 2011. 
Twelve Months Results 
In the twelve months ended December 31, 2012, Northstar generated net patient 
service revenue of $20.9 million compared with $14.4 million in the 
corresponding period of 2011. 
Northstar had income from operations for the twelve months ended December 31, 
2012 of $9.3 million compared to $2.0 million in the corresponding 2011 
period. Northstar reported net income in the 2012 twelve month period of $1.2 
million, or $0.03 per weighted average share, compared with a net loss of $2.2 
million, or $0.07 per weighted average share in the corresponding 2011 period. 
Cash flow provided by operating activities in the twelve months ended December 
31, 2012 was $4.8 million which represented a $4.5 million increase compared 
to the prior corresponding period, despite lower case volume. Management's 
efforts in managing the revenue cycle provided significant positive results in 
collections. 
At December 31, 2012, Northstar had consolidated net working capital of $7.1 
million, including cash of $4.2 million. This compares with $3.8 million and 
$2.5 million, respectively, at year-end 2011. 
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. 
Matthew Maruca Tel: (713) 840-5180 E-mail:info@northstar-healthcare.com 
SOURCE: Northstar Healthcare Inc. 
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CO: Northstar Healthcare Inc.
ST: Texas
NI: HEA ERN  
-0- Mar/21/2013 22:22 GMT