Jason Napodano, CFA
Research analyst, medium-term horizon, biotech, small-cap

The Turnaround At NorthStar Healthcare Is On

Northstar Healthcare (TSX:NHC) (NRTSF), a Canadian healthcare company that currently owns and manages a number of Ambulatory Surgical Centers ((ASCs)) in the United States, deserves a 'Buy' rating. Though the company has somewhat of a checkered past, we believe the name represents an attractive turnaround story in 2014 given a number of positive internal and external driving factors. These include improved customer and procedure mix at company owned ASCs, improved marketing and promotional campaigns designed to drive awareness and new patient flow to the ASCs, improved billing and operational procedures, and a continued general positive growth in the overall ASC market. Below we provide an introduction to the ASC market, a background and brief history on Northstar Healthcare,...

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