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

Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended May 31, 2010
HOUSTON--(BUSINESS WIRE)—July 15, 2010--Dynacq Healthcare, Inc. (DYII) today reported financial results for the third quarter ended May 31, 2010. For the fiscal quarter ended May 31, 2010, the Company had a net loss of $2.3 million, or $0.16 per share, compared to a net income of $1.0 million, or $0.06 per share for the fiscal quarter ended May 31, 2009.

The net patient service revenues decreased by $8.1 million, or 62%, from $13.0 million for the quarter ended May 31, 2009 to $4.9 million for the quarter ended May 31, 2010 primarily due to a decrease in the overall number of cases in the current period.

For the nine months ended May 31, 2010, the Company had a net loss of $6.5 million, or $0.44 per share, compared to a net income of $652,000, or $0.04 per share for the nine months ended May 31, 2009. The net patient service revenues decreased by $16.6 million, or 45%, from $36.7 million for the nine months ended May 31, 2009 to $20.1 million for the nine months ended May 31, 2010.

Dynacq Healthcare, Inc. ("www.dynacq.com") is a holding company. Its subsidiaries provide surgical healthcare services and related ancillary services through hospital facilities.


Contact:

Dynacq Healthcare, Inc., Houston
Philip S. Chan, 713-378-2000
info@dynacq.com

Source: Dynacq Healthcare, Inc.

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