DYNACQ International Dynacq Healthcare Inc. - The Surgical Model of the Future

Dynacq Healthcare, Inc. Announces Sale of Its Baton Rouge Hospital Assets
HOUSTON--(BUSINESS WIRE)--Feb. 22, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News) announced today that it has signed an agreement with Physicians Medical Centre of Baton Rouge for the sale of all the assets, except the accounts receivable, at its Baton Rouge Hospital for approximately $26.5 million in cash.

Under the terms of the sale agreement, the parties will attempt to complete and sign definitive documentation by June 2006. The sale has been approved by the Company's Board of Directors but remains subject to customary conditions including the successful completion of the buyer's due diligence investigation and requisite regulatory approvals.

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.


Contact:

Dynacq Healthcare, Inc., Houston
Alan Beauchamp, 713-378-2000
info@dynacq.com

Source: Dynacq Healthcare, Inc.

Copyright © 2004 Dynacq Healthcare, Inc. All rights reserved.
Privacy Policy