HOUSTON, TX and TORONTO, Feb. 20 /CNW/ - Northstar Healthcare Inc,
(TSX:NHC) today announced that the Company's cash dividend for February, 2008
will be $0.10 per share, representing $1.20 per share on an annualized basis.
Payment will be made on March 17, 2008 to shareholders of record February 29,
About Northstar Healthcare Inc.
Northstar owns and/or manages ambulatory surgery centres in the
United States, focusing initially on Houston and other metropolitan areas in
Texas. The Company currently holds interests in two ambulatory surgery centres
in Houston - a 70% partnership interest in The Palladium for Surgery - Houston
and a 60% partnership interest in Medical Ambulatory Surgical Suites. In
addition, Northstar manages an ambulatory surgery centre in Dallas and three
pain management clinics in Houston.
Northstar was founded and sponsored by Donald Kramer, M.D., its
Chief Executive Officer, and Stewart A. Feldman. Mr. Feldman also served as
the co-principal in and Chairman and Chief Executive Officer of
Healthcare Ventures, Ltd., which sponsored Northstar, with Dr. Kramer serving
as its President.
For further information:
For further information: Philip Koven, Tel: (416) 447-4740 Ext. 235,