Northstar Healthcare Inc. declares cash dividend


    TORONTO, June 19 /CNW/ - Northstar Healthcare Inc. (TSX:NHC)
("Northstar") announced today that it has declared a cash dividend of
14.8 cents per common share for the period from May 17, 2007 to June 30, 2007,
to be paid July 16, 2007 to holders of record of common shares of Northstar on
June 29, 2007.
    Northstar has adopted a policy of distributing its available cash from
consolidated operations, subject to applicable law and the terms of any then
existing indebtedness, by way of monthly dividends on its common shares, after
the retention of amounts considered reasonable and prudent by the Board of
Directors for working capital and other purposes, including capital investment
and capital reserves. Subsequent regular dividends in the estimated amount of
Cdn $0.10 per Common Share are anticipated to be paid each month commencing
August 15, 2007. All monthly dividends declared by Northstar are designated as
eligible dividends under the Income Tax Act (Canada) unless otherwise

    About Northstar Healthcare Inc.
    Northstar is a corporation formed to indirectly acquire and/or manage
ambulatory surgery centres in the United States, focusing initially on Houston
and other metropolitan areas in Texas. Northstar indirectly holds a 70%
partnership interest in The Palladium for Surgery - Houston and a 60%
partnership interest in Medical Ambulatory Surgical Suites, two ambulatory
surgery centres located in Houston. In addition, Northstar manages an
ambulatory surgery centre in Dallas and three pain management clinics in

    This press release may contain forward-looking statements (within the
meaning of applicable securities laws) relating to business of Northstar
Healthcare Inc. (the "Company") and the environment in which it operates.
Forward-looking statements are identified by words such as "believe",
"anticipate", "expect", "intend", "plan", "will", "may", and other similar
expressions. These statements are based on the Company's expectations,
estimates, forecasts and projections. They are not guarantees of future
performance and involve risks and uncertainties that are difficult to control
or predict. These risks and uncertainties are discussed in the Company's
regulatory filings available on the Company's web site at or at There can be no assurance
that forward-looking statements will prove to be accurate as actual outcomes
and results may differ materially from those expressed in these
forward-looking statements. Readers, therefore, should not place undue
reliance on any such forward-looking statements. Further, a forward-looking
statement speaks only as of the date on which such statement is made. The
Company undertakes no obligation to publicly update any such statement or to
reflect new information or the occurrence of future events or circumstances.

    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

    %SEDAR: 00025141E

For further information:

For further information: Donald L. Kramer, M.D., Chief Executive
Officer, (713) 355-8614,

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Northstar Healthcare Inc.

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