Northstar Healthcare Announces June Dividend



    HOUSTON, TX and TORONTO, June 19 /CNW/ - Northstar Healthcare Inc.
(TSX:NHC) today announced that the Company's cash dividend for June, 2008 will
be $0.10 per share, representing $1.20 per share on an annualized basis.
Payment will be made on July 15, 2008 to shareholders of record June 30, 2008.

    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, which it
has an option to acquire, and manages 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.

    %SEDAR: 00025141E




For further information:

For further information: Philip Koven, Tel: (416) 447-4740 Ext. 235,
E-mail: info@northstar-healthcare.com

Organization Profile

Northstar Healthcare Inc.

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