HOUSTON, TX and TORONTO, ON, Oct. 22 /CNW/ - Northstar Healthcare Inc.
(TSX:NHC) today announced that the Company's cash dividend for October, 2008
will be $0.058 per share, representing $0.70 per share on an annualized basis.
Payment will be made on November 17, 2008 to shareholders of record
October 31, 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 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 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,