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Northstar Healthcare acquires ownership interests in Texas based radiation therapy cancer treatment centers

April 08, 2016

"I look forward to working with Dr. Kramer and the Northstar management team to develop Northstar's cancer division," stated Dr. Phan. "Northstar offers the structure and a platform through which we can grow this new division. With three of our four facilities less than six months old and a pipeline of new centers, we anticipate strong growth from the cancer division over the next twelve to twenty-four months."

Interim Chief Financial Officer Announced

Northstar also announced today that David Richardson, CFO, will be leaving the Company to assume the position of CFO with a private equity based healthcare company.

Mr. Thomas O. Foster, III, who currently serves as a director of Northstar Healthcare Inc. and Chairman of the Audit Committee, will serve as interim CFO.

"I want to thank David for his many contributions to Northstar," said Dr. Donald Kramer. "I'm grateful for the counsel and leadership he has provided. David was a major contributor during a pivotal time. He, along with the other members of the management team, have established a good financial foundation for the future."

Mr. Foster has been a Director of Northstar Healthcare Inc., since October 2010. Mr. Foster is an attorney and has focused his practice on multi-state and local taxation, federal and international taxation, and tax planning for individuals and entities. Mr. Foster was licensed as a Certified Public Accountant by the State of Texas in 1968. He obtained his Juris Doctor degree from Baylor University School of Law in 1964 and a B.B.A degree from Baylor University in 1961. In 1965, Mr. Foster received an L.L.M. degree in taxation from New York University.

SOURCE Northstar Healthcare Inc.