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
-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.
, Chief Executive Officer of Northstar, commented that, "finalizing the second round of re-syndication at our
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
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 expand."
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
and the third in
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. 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.
SOURCE Northstar Healthcare Inc.