HOUSTON--(BUSINESS WIRE)--Nov. 16, 2005--Dynacq Healthcare, Inc. (NASDAQ Capital Market:DYII)
announced audited financial results for the fiscal year ended August
31, 2005. For the fiscal year ended August 31, 2005, net patient
revenue decreased by $7,574,517 or 12% from $62,849,378 in fiscal 2004
to $55,274,861 in fiscal 2005 primarily due to declines in both net
patient service revenue and patient procedures at the Pasadena, West
Houston and Baton Rouge Facilities. Net loss increased by $3,528,674
from a net loss of $1,608,260 in fiscal 2004 to a net loss of
$5,136,934 in fiscal 2005. |
Dynacq Healthcare, Inc. ("www.dynacq.com") is a holding company.
Its subsidiaries provide surgical healthcare services and related
ancillary services through hospital facilities and an outpatient
surgical center. Certain statements included in this press release, which are not
historical facts, are forward-looking statements. Such forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements represent our expectations or beliefs,
intentions, future events, future performance, business prospects and
involve certain risks and uncertainties, including those described in
our public filings with the United States Securities and Exchange
Commission, also including, but not limited to, changes in interest
rates, competitive pressures, changes in customer mix, changes in
third party reimbursement rates, financial stability of major
customers, changes in government regulations or the interpretation of
these regulations, changes in supplier relationships, growth
opportunities, cost savings, revenue enhancements, synergies and other
benefits anticipated from acquisition transactions, difficulties
relative to integrating acquired business, the accounting and tax
treatments of acquisitions, and asserted and unasserted claims, which
could cause actual results to differ materially from those indicated
in the forward-looking statements. The forward-looking statements by
their nature involve substantial risks and uncertainties, certain of
which are beyond our control, and actual results may differ materially
depending on a variety of important factors. You are cautioned not to
place undue reliance on these forward-looking statements that speak
only as of the date herein. The risks and uncertainties that may cause
these forward-looking statements to prove to be incorrect include,
without limitation, adverse effects of litigation or regulatory
actions, inability to negotiate desired terms with proposed joint
venture partners, and favorable regulatory determinations for
availability of financing options and other transactions.
Contact:
Dynacq Healthcare, Inc., Houston
Holly Hubenak, 713-378-2000
info@dynacq.com
Source:
Dynacq Healthcare, Inc. |
