Northstar Healthcare Acquiring Ownership Interests in 2 Imaging Centers and 1 Urgent Care Clinic

HOUSTON, TX--(Marketwired - Jan 21, 2014) - Northstar Healthcare Inc. (TSX: NHC) today announced that it has closed an acquisition of ownership interests in two imaging centers and one urgent care clinic in Houston, for a total purchase price of US$1.4 million. The purchase price is comprised of US$0.9 million in cash and 431,711 shares of NHC stock representing a combined value of US$1.4 million based on the five day weighted average stock price ending on January 13, 2014.

"Northstar is excited to work with the 19 physician partners in these facilities," stated Dr. Donald Kramer, Northstar Healthcare's CEO. "We believe this presents a great opportunity for Northstar to provide its core services to the patients of these physicians."

"This additional network of ancillary services will help Northstar diversify our revenue streams," said Harry Fleming, Northstar Healthcare's CFO. "We continue to look for innovative ways to create a unique revenue generation platform in the healthcare industry."

The acquisition was effected through Northstar's newly created subsidiary Northstar Healthcare Northwest Management, LLC by way of a direct purchase in Spring Northwest Management, LLC, Spring Northwest Operating, LLC and Willowbrook Imaging, LLC and a minority interest in KIRPA Holdings, LLC and GRIP Medical Diagnostics, LLC.

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 four ambulatory surgery centers, two in Houston, one in Dallas, and the fourth in Scottsdale, Arizona.

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