Northstar Healthcare Announces Equity Restructuring of Dallas-Area Surgery Center
HOUSTON, TX, Aug. 16, 2012 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) today announced that it has entered into agreements to restructure the equity at Northstar's affiliated Dallas-area ambulatory surgery center, Microsurgery Institute, LLC. The net result of this transaction is that Northstar has increased its equity ownership in Microsurgery Institute from 25% to 50%.
Dr. Donald Kramer, Chief Executive Officer of Northstar, stated, "We're very excited about the re-syndication of our Dallas center. Several well-respected Dallas surgeons are performing cases at Microsurgery Institute and this agreement will position Microsurgery Institute to recruit new member-physicians. We hope to add new member-physicians in the very near future."
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.
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