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

Dynacq Healthcare, Inc. Announces Strong Financial Results for the Fiscal Quarter Ended May 31, 2007
HOUSTON--(BUSINESS WIRE)—July 16, 2007--Dynacq Healthcare, Inc. (DYII) today reported financial results for the third fiscal quarter ended May 31, 2007. For the fiscal quarter ended May 31, 2007, the Company had income from continuing operations of $0.16 per share compared to a loss from continuing operations of $0.03 per share in 2006’s third quarter. All per share amounts in this release are the same for basic and diluted.

Net patient service revenues for the quarter increased by $4.8 million, or 61%, from $7.8 million in 2006 to $12.6 million in 2007. The Company’s Garland Facility had an increase in both bariatric and orthopedic cases due to recruitment of additional physicians. Income from continuing operations was $2.6 million for the third quarter in 2007 compared to a loss from continuing operations of $0.4 million in 2006’s third quarter. Net income was $2.6 million in 2007’s third quarter, or $0.17 per share, versus net loss of $0.8 million, or $0.05 per share, in 2006’s third quarter. Net patient service revenues for the nine months ended May 31, 2007 increased by $6.0 million, or 23%, from $25.8 million in 2006 to $31.8 million in 2007. Income from continuing operations for the nine months ended May 31, 2007 was $1.7 million, or $0.11 per share, versus loss from continuing operations of $1.6 million, or $0.11 per share, in the same period in 2006. Net income was $0.6 million, or $0.04 per share, for the nine months ended May 31, 2007 versus net loss of $4.7 million, or $0.31 per share, for the same period in 2006.

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.

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