HOUSTON and TORONTO, Aug. 22 /CNW/ - Northstar Healthcare Inc. (TSX:NHC)
today announced that the Company's cash dividend for August, 2007 will be
$0.10 per share, representing $1.20 per share on an annualized basis. Payment
will be made on September 17, 2007 to shareholders of record August 31, 2007.
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
For further information:
For further information: Philip Koven, Tel: (416) 447-4740 Ext. 235,