Northstar Healthcare Inc. Appoints Harry Fleming as President

HOUSTON, TX--(Marketwired - Jul 29, 2014) - Northstar Healthcare Inc. (TSX: NHC) is pleased to announce the appointment of Mr. Harry Fleming as its President.

Mr. Fleming has served as the company's Chief Financial Officer for the last eighteen months. He has over 25 years of legal and financial experience in corporate finance and securities law and has focused much of his career on emerging growth companies, mergers and acquisition, strategic business planning and alliances, and investor relations. Fleming's background includes venture capital representation, business strategy consulting, public company representation, mergers and acquisitions with high tech firms in Houston and Boston. He also has extensive experience with consolidating companies in several different industries. Fleming has served on Northstar's board of directors since 2010. Fleming received his MBA from Boston College in 1999, JD from the University Houston in 1983, and BA from the University of St. Thomas in 1980.

In making the announcement, Northstar Healthcare Chairman and CEO, Dr. Donald Kramer, commented, "We are very excited to have Harry accept this newly created position. Harry has been central to Northstar's success since its inception. This new position also reflects Northstar's commitment to its current growth and diversification plan."

Mr. Andy Chen, who previously served as Vice President of Finance at Northstar Healthcare, has been appointed as CFO. Mr. Chen has served as CFO for several public and private companies in the healthcare and energy industries.

About Northstar Healthcare Inc.

Northstar owns and manages seven healthcare facilities in Texas and Arizona; four ambulatory surgery centers, two MRI centers and an urgent care center. The four ambulatory surgery centers are located in Houston (two), Dallas and Scottsdale, Arizona.

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.