| For the fiscal quarter ended February 28, 2007, net loss decreased by $1,270,393, or 54%, from a net loss of $2,350,779 in 2006 to a net loss of $1,080,386 in 2007. Net patient revenue increased by $942,496, or 11%, from $8,338,667 in 2006 to $9,281,163 in 2007 primarily due to an increase in the number of inpatient cases. Because the Company is seeking a buyer for its Baton Rouge facility, the operating results from this facility has been classified as discontinued operations. During the quarter ended February 28, 2007, the Company sold its West Houston Facility, which had been classified as discontinued operations also. The net patient service revenues at these discontinued operations increased $713,930, or 53%, from $1,337,347 in 2006 to $2,051,277 in 2007. 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
Philip S. Chan, 713-378-2000
info@dynacq.com
Source:
Dynacq Healthcare, Inc. |
