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Northstar Healthcare Inc. Announces Estimated Monthly Revenue of $5.3 Million for December

Companies mentioned in this article: Northstar Healthcare Inc.

HOUSTON, TX -- (Marketwired) -- 01/06/14 -- Northstar Healthcare Inc. (TSX: NHC) today announced its estimated revenue for December 2013. On a consolidated basis, Northstar's estimated revenue for December 2013 was $5.3 million, an estimated increase of $3.4 million over Northstar's revenue of $1.9 million for December 2012. Total 2013 estimated revenue is subject to year-end review adjustments. December 2013 will mark the final extraordinary revenue disclosure. The company will revert back to standard quarterly financial disclosures for 2014.

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 four ambulatory surgery centers, two in Houston, one in Dallas, and the fourth in Scottsdale, Arizona.

Forward-looking statements

This news release contains forward-looking statements (within the meaning of applicable securities laws) and financial outlooks relating to the business of Northstar Healthcare Inc. (the "Company") and the environment in which it operates and specifically those about the Company's estimated revenue for December 2013. Forward-looking statements are identified by words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions and may discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. These statements are based on the Company's expectations, estimates, forecasts and projections and while the Company considers these to be reasonable based on information currently available, they may prove to be incorrect. 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. Other than as required by law, the Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.


Contact:

For more information, contact:
Harry Fleming
Chief Financial Officer
Tel: (713) 840-5157
E-mail: Email Contact