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Executive with 25 Years of Corporate Finance and M&A Experience Joins Northstar as Chief Financial Officer

March 4, 2013

Northstar Welcomes Harry Fleming to Executive Team

HOUSTON, TX, March 4, 2013 /CNW/ – Northstar Healthcare Inc. today
announced that Harry Fleming has joined Northstar as its new Chief
Financial Officer. Mr. Fleming has been a director at Northstar since
2010. Mr. Fleming is replacing Thomas Foster, who will remain on
Northstar’s board of directors and will act as the company’s Chief Tax
Counsel.

Mr. Fleming has over 25 years of legal experience in corporate finance
and securities law and has focused much of his career on emerging
growth companies, mergers and acquisition, strategic business planning
and alliances, and investor relations. His background includes venture
capital representation, business strategy consulting, public company
representation, mergers and acquisitions with high tech firms in
Houston and Boston. He also has extensive experience with consolidating
companies in the waste management, healthcare and energy industries.
Having spent more than 20 years working at law firms in Houston and
Boston, Mr. Fleming maintains the highest rating (AV) of U.S. attorneys
by Martindale Hubbell. He also acted as general counsel and chief
financial officer for several companies with an emphasis on start-up
and growth strategies.

“Mr. Fleming has been a trusted advisor to the management team,” notes
Dr. Donald Kramer, Northstar’s CEO. “His skills in corporate
acquisitions will be highly valuable in helping Northstar to grow its
current portfolio.  Recently Mr. Fleming led Northstar’s effort to
raise debt financing to purchase a company that manages numerous
surgical centers across the United States. While we were not the
winning bid in that transaction, that effort marked the beginning of
what I hope will be an aggressive acquisitive phase for Northstar under
Mr. Fleming’s leadership. We will need points of delivery for the care
of patients as our new Chief Marketing Officer, Adam Lefton, sources
the patients to build our volume of surgical cases.”

“I’m thrilled to be joining Northstar,” said Mr. Fleming. “Under Dr.
Kramer’s leadership the Company has completed its turnaround and is
well on its way to delivering profits for its shareholders. This
positions Northstar well to begin acquisition discussions.”

Mr. Fleming is admitted to practice law in the State of Texas and the
Commonwealth of Massachusetts. He also is admitted to practice before
the U.S. Supreme Court. Mr. Fleming received his MBA from Boston
College in 1999, his JD from the University of Houston in 1983 and his
BA from the University of St. Thomas in 1980.

Northstar Thanks Thomas Foster for his Service

“Northstar thanks Tom Foster for his service as the Company’s CFO since
early 2011,” said Dr. Kramer, “I pleased that Tom will remain with the
Company as Chief Tax Counsel.”   Mr. Foster practiced federal and
cross-border taxation (international, state and local) for 30 years
(through 1997) at Exxon. Mr. Foster presented numerous tax
presentations and meetings with various foreign governments (including
China) on local and U.S. tax issues of concern to U.S. oil companies.
He managed state income tax litigation (including various major Alaska
tax cases). He coordinated industry efforts to challenge states’
positions on various tax issues in state and federal courts, including
the U.S. Supreme Court.  In addition, Mr. Foster private practiced law
specializing in tax and restructuring.

Mr. Foster received his LLM in taxation from New York University School
of Law, his JD from Baylor University School of Law and his BBA from
Baylor University School of Business. Mr. Foster is a CPA and admitted
to practice law in the State of Texas.

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.

Forward-looking statements

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.


Source: PR Newswire