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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Northstar Healthcare Inc. Completes Canada’s First Offering of Cross-Border High Dividend Common Shares

2007

Areas Corporate Finance and Securities, Health Care Law, Tax

Summary

Goodmans represented Northstar Healthcare Inc. (“Northstar") in connection with the completion of an initial public offering of 12,087,698 common shares for $148,074,300 and on June 5, 2007, the underwriters exercised their over-allotment option and purchased an additional 1,813,154 common shares for gross proceeds of $170,285,436.

The syndicate of underwriters was led by BMO Nesbitt Burns Inc. and included CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Canaccord Capital Corporation and Wellington West Capital Markets Inc.

Northstar is a corporation formed to indirectly acquire and/or manage ambulatory surgery centres in the United States, focusing initially on Houston and other metropolitan areas in Texas. The net proceeds of the offering were used by Northstar to indirectly acquire a 55% partnership interest in The Palladium for Surgery – Houston and a 60% partnership interest in Medical Ambulatory Surgical Suites, while the net proceeds of the over-allotment option were used to indirectly acquire an additional 15% partnership interest in The Palladium for Surgery - Houston.