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Northstar Healthcare Announces Option to Purchase a 60% Interest in The Palladium for Surgery - Dallas
Date:9/13/2007

he option values The Palladium for Surgery - Dallas at six times the annualized EBITA earned from the ambulatory surgical center owned by Palladium for Surgery-Dallas for the applicable period prior to the date of exercise. Upon an exercise of the option by Northstar, the current limited partners will be required to sell 100% of their partnership interests to Northstar. The balance of the partnership interests to be acquired by Northstar upon an exercise of the option will be sold by the physician limited partners of The Palladium for Surgery - Dallas, who will collectively hold the remaining 40% of the partnership interests following the acquisition. Issuance of the option is subject to the negotiation and execution of a mutually acceptable definitive option agreement.

For information on Northstar, please contact Jason Fisher, vice president of physician relations for Northstar Healthcare, at 281/840-5163 or visit http://www.northstar-healthcare.com.

About Northstar Healthcare Inc.

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Northstar owns and/or manages ambulatory surgery centers in the United States, focusing initially on Houston and other metropolitan areas in Texas. The company currently holds interests in two ambulatory surgery centers in Houston - a 70 percent partnership interest in The Palladium for Surgery - Houston and a 60 percent partnership interest in Medical Ambulatory Surgical Suites. In addition, Northstar manages an ambulatory surgery center 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 President.

Forward-looking statements

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SOURCE Northstar Healthcare Inc.
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