HOUSTON, TX, Sept. 4, 2013 /CNW/ - Northstar Healthcare Inc. (TSX:NHC) ("Northstar") today announced that it is commencing its planned bariatric and spine programs in Dallas through a partnership with six prominent Dallas physicians. Northstar will launch in Dallas a bariatric marketing campaign following its already successful launches of podiatric NueStepSM and spine CuraSpineSM campaigns.
Dr. Kenneth Efird, Northstar's Chief Business Development Officer, stated, "Our new Dallas Physician partners are premier bariatric, orthopedic, pain and ob-gyn surgeons with very large and successful medical practices."
"Bariatric and orthopedic reimbursement rates are amongst the highest in the industry," said Harry Fleming, Northstar's Chief Financial Officer. "Our financial analysis of the new partnership indicates that if these programs perform as predicted, they will have an immediate material impact on the financial performance of Northstar moving forward," said Fleming. "Additionally, we are announcing that our physician contracting program is now up to 57 physicians in Houston and Dallas. Based on these developments, we are considering issuing monthly financial updates in the coming months to offer more current financial information to the shareholders."
About Northstar Healthcare Inc.
Northstar partners with physicians in the ownership and management of ambulatory facilities and healthcare services. Northstar owns and manages interests in three ambulatory surgery centers, two in Houston and the third in Dallas.
This news 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 www.Northstar-Healthcare.com or at www.sedar.com. 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.
SOURCE: Northstar Healthcare Inc.
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