Northstar Healthcare Announces Termination of Deal Acquiring Cancer Centers

HOUSTON, Dec. 7, 2011 /PRNewswire/ - Northstar Healthcare Inc. (TSX:NHC) today announced that Northstar Healthcare and Expert Oncology Network Solutions have mutually decided to terminate their purchase agreement for Northstar to acquire certain ownership interests in four physician owned radiation therapy cancer treatment centers from Dr. Chris Phan.  Northstar Healthcare conducted extensive due diligence on the centers over the course of the past several months.  Due to changed financial circumstances at the cancer treatment centers, both parties felt that it was necessary to now terminate the deal.

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.