DYNACQ International
DYNACQ International Press Releases
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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.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended February 28, 2010
HOUSTON--(BUSINESS WIRE)—April 14, 2010--Dynacq Healthcare, Inc. (DYII) today reported financial results for the second fiscal quarter ended February 28, 2010. For the fiscal quarter ended February 28, 2010, the Company had a net loss of $2.8 million, or $0.19 per share, compared to a net income of $290,000, or $0.02 per share for the fiscal quarter ended February 28, 2009.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended November 30, 2009
HOUSTON--(BUSINESS WIRE)—January 12, 2010--Dynacq Healthcare, Inc. (DYII) today reported financial results for the first fiscal quarter ended November 30, 2009. For the fiscal quarter ended November 30, 2009, the Company had a net loss of $1.3 million, or $0.09 per share, compared to a net loss of $643,000, or $0.04 per share for the fiscal quarter ended November 30, 2008.
Dynacq Healthcare, Inc. Announces Financial Results for the Year Ended August 31, 2009
HOUSTON--(BUSINESS WIRE)—November 23, 2009--Dynacq Healthcare, Inc. (DYII) today reported a loss from continuing operations for the year ended August 31, 2009 of $0.03 per share compared to income from continuing operations of $0.32 per share in the previous year. The share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended May 31, 2009
HOUSTON--(BUSINESS WIRE)--Dynacq Healthcare, Inc. (DYII) today reported financial results for the third fiscal quarter ended May 31, 2009. For the fiscal quarter ended May 31, 2009, the Company had income from continuing operations of $1,004,000, or $0.06 per share. All per share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended February 28, 2009
HOUSTON--(BUSINESS WIRE)—April 14, 2009--Dynacq Healthcare, Inc. (DYII) today reported financial results for the second fiscal quarter ended February 28, 2009. For the fiscal quarter ended February 28, 2009, the Company had income from continuing operations of $290,000, or $0.02 per share, which was an improvement from the first quarter of this fiscal year, but not from the same quarter in the previous fiscal year. All per share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended November 30, 2008
HOUSTON--(BUSINESS WIRE)—January 14, 2009--Dynacq Healthcare, Inc. (DYII) today reported financial results for the first fiscal quarter ended November 30, 2008. For the fiscal quarter ended November 30, 2008, the Company had a loss from continuing operations of $643,000, or $(0.04) per share, compared to income from continuing operations of $2.2 million, or $0.13 per share, in the fiscal quarter ended November 30, 2007, primarily due to reduced levels of reimbursement for workers’ compensation cases as a result of the new workers’ compensation fee guidelines and the temporary closure of the Company’s Pasadena, Texas facility damaged by Hurricane Ike. All per share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. Announces Financial Results for the Year Ended August 31, 2008
HOUSTON--(BUSINESS WIRE)—November 26, 2008--Dynacq Healthcare, Inc. (DYII) today reported that its income from continuing operations for the year ended August 31, 2008 was $0.32 per share, compared to $0.24 per share in the previous year.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended May 31, 2008
HOUSTON--(BUSINESS WIRE)—July 15, 2008--Dynacq Healthcare, Inc. (DYII) today reported financial results for the third fiscal quarter ended May 31, 2008. For the fiscal quarter ended May 31, 2008, the Company had income from continuing operations of $1.2 million, or $0.07 per share, compared to $2.9 million, or $0.18 per share, in the fiscal quarter ended May 31, 2007. All per share amounts are calculated on a fully diluted basis. The decline in income from continuing operation of $1.7 million, or 58%, was primarily due to a change in the Company’s revenue recognition method to recognize the lower reimbursement amounts payable for workers’ compensation cases as a result of the Texas Workers’ Compensation (TWCC) Fee Guidelines effective March 1, 2008. The Company’s revenue recognition method for the corresponding third fiscal quarter of prior year ended May 31, 2007 was based on the trailing twelve months average collection ratio.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended February 29, 2008
HOUSTON--(BUSINESS WIRE)—April 8, 2008--Dynacq Healthcare, Inc. (DYII) today reported financial results for the second fiscal quarter ended February 29, 2008. For the fiscal quarter ended February 29, 2008, the Company had income from continuing operations of $4.8 million, or $0.29 per share, compared to a loss from continuing operations of $139,000, or $(0.01) per share, in the fiscal quarter ended February 28, 2007. All per share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. to be listed on Nasdaq Global Market
HOUSTON--(BUSINESS WIRE)—February 28, 2008--Dynacq Healthcare, Inc. (DYII) announced today that effective with the open of business on February 29, 2008, the Company’s common stock will be listed on the Nasdaq Global Market instead of the Nasdaq Capital Market. The trading symbol for the Company’s common stock will continue to be DYII.
Dynacq Healthcare, Inc. Announces Financial Results for the Fiscal Quarter Ended November 30, 2007
HOUSTON--(BUSINESS WIRE)—January 10, 2008--Dynacq Healthcare, Inc. (DYII) today reported financial results for its first fiscal quarter. For the fiscal quarter ended November 30, 2007, the Company had income from continuing operations of $0.13 per share compared to a loss from continuing operations of $0.04 per share in the fiscal quarter ended November 30, 2006. All per share amounts are calculated on a fully diluted basis.
Dynacq Healthcare, Inc. Announces Consummation of Sale of Baton Rouge Hospital Dynacq Healthcare, Inc. Announces Consummation of Sale of Baton Rouge Hospital
HOUSTON--(BUSINESS WIRE)—December 18, 2007--Dynacq Healthcare, Inc. (DYII) announced today the completion of the sale of the land, buildings and tangible assets of Vista Surgical Hospital of Baton Rouge, Louisiana to the State of Louisiana.
Dynacq Healthcare, Inc. Announces Increased Annual Earnings
HOUSTON--(BUSINESS WIRE)—November 12, 2007--Dynacq Healthcare, Inc. (DYII) today reported that its income from continuing operations for the year ended August 31, 2007 was $0.24 per share, compared to a loss of $0.21 per share in the previous year. Income from continuing operations of $0.13 per share recorded in the fourth quarter of the year ended August 31, 2007 compares with a loss of $0.10 per share in the fourth quarter of the previous year. All per share amounts in this release are fully diluted.
Dynacq Healthcare, Inc. Announces Sale of Baton Rouge Hospital
HOUSTON--(BUSINESS WIRE)—November 8, 2007--Dynacq Healthcare, Inc. (DYII) announced today that its wholly owned subsidiary entered into a Purchase and Sale Agreement with the State of Louisiana for the sale of the land, buildings, tangible assets and inventory of Vista Surgical Hospital of Baton Rouge, Louisiana for $20 million in cash.
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.
Vista Medical Center Hospital is Recognized for High-Quality Care in Bariatric Surgery

The ASBS Designates Vista Medical Center Hospital as a Center of Excellence

Houston – Business Wire – June 28, 2007 - Vista Medical Center Hospital of Pasadena, Texas, a subsidiary of Dynacq Healthcare, Inc. (DYII), announced today that it has been named an American Society for Bariatric Surgery (ASBS) Center of Excellence. The ASBS Center of Excellence designation recognizes surgical programs with a demonstrated track record of favorable outcomes in bariatric surgery.

Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended February 28, 2007
HOUSTON--(BUSINESS WIRE)--April 13, 2007--Dynacq Healthcare, Inc. (DYII) today announced reviewed financial results for the fiscal quarter ended February 28, 2007.
Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended November 30, 2006
HOUSTON--(BUSINESS WIRE)--Dynacq Healthcare, Inc. (DYII) today announced reviewed financial results for the fiscal quarter ended November 30, 2006.
Dynacq Healthcare, Inc. Announces Audited Financial Results for the Fiscal Year Ended August 31, 2006
HOUSTON--(BUSINESS WIRE)--Dynacq Healthcare, Inc. (DYII) today announced audited financial results for the fiscal year ended August 31, 2006.
Dynacq Healthcare, Inc. Settles Class Action Litigation
HOUSTON--(BUSINESS WIRE)--Aug. 11, 2006--Dynacq Healthcare, Inc. (Nasdaq SmallCap:DYII - News; "Dynacq") announced today that it has reached an agreement in principle to settle the shareholder class action lawsuit pending against it for the amount of $1.5 million.
Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended May 31, 2006
HOUSTON--(BUSINESS WIRE)--July 14, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News) today announced reviewed financial results for the third fiscal quarter ended May 31, 2006.
Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended February 28, 2006
HOUSTON--(BUSINESS WIRE)--April 14, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News) today announced reviewed financial results for the second fiscal quarter ended February 28, 2006. For the fiscal quarter ended February 28, 2006, net patient service revenue decreased 33% to $9.7 million as compared to the same quarter in the previous year. The loss from operations for the quarter ended February 28, 2006 was $2.3 million, compared to $2.4 million loss for the same quarter in the previous year. Net loss for the quarter ended February 28, 2006 increased to $2.4 million as compared to a net loss of $1.7 million in the same quarter of the previous year.
Dynacq Healthcare, Inc. Announces Termination of Agreement to Sell Its Baton Rouge Hospital Assets
HOUSTON--(BUSINESS WIRE)--March 8, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News) announced today the termination of its agreement to sell the assets of its Baton Rouge Hospital to Physicians Medical Centre of Baton Rouge, through no fault of the seller. The Purchase Agreement was entered into on February 22, 2006 and terminated on March 7, 2006.

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.
Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended November 30, 2005
HOUSTON--(BUSINESS WIRE)--Jan. 17, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News; "Dynacq") today announced reviewed financial results for the first fiscal quarter ended November 30, 2005. For the fiscal quarter ended November 30, 2005, net patient service revenue decreased 20% to $11,973,116 as compared to the same quarter in the previous year. The loss from operations increased to $2.1 million from $0.4 million during the three-month period ended November 30, 2005, resulting in a net loss for the quarter of $1.5 million, as compared to a net loss of $0.3 million in the same quarter of the previous year.
Dynacq Healthcare, Inc. Announces Audited Financial Results for the Fiscal Year Ended August 31, 2005

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. Settles Litigation
HOUSTON--(BUSINESS WIRE)--Oct. 24, 2005--Dynacq Healthcare, Inc. (Nasdaq:DYII - News; "Company") announced today that it settled a medical malpractice suit pending against it for the amount of $1,000,000. The settlement fully releases the Company and its subsidiaries from liability and prohibits the filing of any future claims relating to this matter. The amount of the settlement was significantly less than the amount sought by the plaintiffs and is within the Company's policy limits, so the settlement will be paid in full directly by the insurance carrier.
Dynacq Healthcare, Inc. - Hurricanes Katrina and Rita
HOUSTON--(BUSINESS WIRE)--Sept. 27, 2005--Dynacq Healthcare, Inc. (Nasdaq Capital Markets: DYII - News; "Dynacq") announced today that none of its facilities in Texas or Louisiana were adversely affected by either Hurricane Katrina or Hurricane Rita.
Dynacq Healthcare, Inc. Announces Reviewed Financial Results for the Fiscal Quarter Ended May 31, 2005

HOUSTON--(BUSINESS WIRE)--July 11, 2005--Dynacq Healthcare, Inc. (Nasdaq SmallCap:DYII - News; "Dynacq") announced reviewed financial results for the third fiscal quarter and the nine-month period ended May 31, 2005. For the fiscal quarter ended May 31, 2005, net patient revenue increased 4% to $13.5 million as compared to the same quarter in fiscal 2004. The loss from operations decreased 28% to $1.4 million from $1.9 million during the three-month period ended May 31, 2005, resulting in a net loss for the quarter of $0.9 million, as compared to a net loss of $1.3 million in the same quarter of fiscal 2004.
Dynacq Healthcare, Inc. Announces Preliminary Unaudited Financial Results for the Fiscal Quarter Ended May 31, 2005

HOUSTON--(BUSINESS WIRE)--July 6, 2005--Dynacq Healthcare, Inc. (Nasdaq SmallCap:DYII - News; "Dynacq") today announced preliminary unaudited financial results for the third fiscal quarter and the nine-month period ended May 31, 2005. For the fiscal quarter ended May 31, 2005, net patient revenue increased 7% to $13.8 million as compared to the same quarter in fiscal 2004. The loss from operations decreased 44% to $1.1 million from $1.9 million during the three-month period ended May 31, 2005, resulting in a net loss for the quarter of $0.9 million, as compared to a net loss of $1.3 million in the same quarter of fiscal 2004.
Dynacq Healthcare, Inc. Enters into New $10 Million Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--June 1, 2005--Dynacq Healthcare, Inc. (Nasdaq SmallCap:DYII - News; "Dynacq") today announced the closing of a $10 million five year revolving credit facility with Merrill Lynch Capital, a division of Merrill Lynch Business Services Inc. Initially, the borrowings from this new credit facility were used to repay in full the total amount of $5.5 million, including accrued interest, outstanding under Dynacq's previous credit agreement, which was terminated.
Dynacq Healthcare, Inc. Approved for Nasdaq SmallCap Market Listing
HOUSTON--(BUSINESS WIRE)--May 2, 2005--Dynacq Healthcare, Inc. (OTCBB:DYII - News; "Dynacq") announced that The Nasdaq Stock Market has approved its application for its common stock to be listed on the Nasdaq SmallCap Market. The Company's shares will commence trading on the Nasdaq SmallCap on Tuesday, May 3, 2005, under the trading symbol "DYII". The Company's shares are currently quoted on the NASD Bulletin Board under the symbol "DYII.OB".
Dynacq Healthcare Inc. Extends Maturity of Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--April 29, 2005--Dynacq Healthcare Inc. (OTCBB:DYII - News) announced today that it has executed an amendment to its $6 million revolving credit facility to set the maturity date of the obligations under the facility to May 31, 2005. Currently, approximately $5.6 million are outstanding under the revolving credit facility. Dynacq intends to either refinance the amounts due or repay all outstanding amounts by such final maturity date.
Bankruptcy Court Confirms Plan of Reorganization of Dynacq Healthcare, Inc. Subsidiary
HOUSTON--(BUSINESS WIRE)--April 7, 2005--Dynacq Healthcare Inc. (OTCBB:DYII - News) announced today that the United States Bankruptcy Court for the Southern District of Texas on April 7, 2005, confirmed the plan of reorganization of Vista Hospital of Baton Rouge, LLC ("VHBR"), an indirect majority-owned subsidiary of Dynacq. VHBR had filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code on October 8, 2004. The plan of reorganization provides that VHBR will pay all of its creditors in full. VHBR expects to emerge from bankruptcy on or about April 18, 2005. VHBR operates Vista Surgical Hospital of Baton Rouge, a 35-bed facility with four surgical suites. The Baton Rouge Facility's primary areas of practice include bariatric surgery, general surgery, pain management and cosmetic surgery.
Dynacq Healthcare Inc. Announces Settlement of Vista Hospital of Baton Rouge Lawsuit
HOUSTON--(BUSINESS WIRE)--Feb. 28, 2005--Dynacq Healthcare Inc. (OTCBB:DYII - News; "Dynacq") announced today that Dynacq, its subsidiary Vista Hospital of Baton Rouge, LLC and Chiu M. Chan, its chief executive officer, have entered into a settlement agreement with Liljeberg Enterprises International, L.L.C. to settle all matters between the parties. Dynacq agreed to pay $1.2 million in cash to Liljeberg, and Liljeberg agreed to a full and final release of Dynacq, Vista Hospital of Baton Rouge and Chui M. Chan from any and all claims brought by Liljeberg and any of its affiliates against Dynacq and its affiliates. The Board of Directors of Dynacq approved the terms of the settlement on Feb. 25, 2005. The settlement agreement is subject to the approval of the United States Bankruptcy Court. Liljeberg has further agreed not to oppose the Plan of Reorganization filed by Vista Hospital of Baton Rouge, which is expected to be confirmed in the near future. Once the settlement is final, Liljeberg has agreed to cause to be dismissed with prejudice any and all lawsuits filed by Liljeberg or any of its affiliates and pending against Dynacq or any of its affiliates.
Dynacq Healthcare Inc. Extends Maturity of Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Feb. 4, 2005--Dynacq Healthcare Inc. (OTCBB:DYII - News; "Dynacq") announced today that it has executed an amendment to its $6 million revolving credit facility to set the maturity date of the obligations under the facility to May 1, 2005 and to change the interest rate on the outstanding principal under such facility. Currently, approximately $5.7 million are outstanding under the revolving credit facility. Dynacq intends to either refinance the amounts due or repay all outstanding amounts by such final maturity date.
Dynacq Healthcare Inc. Announces Hiring of Chief Operating Officer
HOUSTON--(BUSINESS WIRE)--Jan. 18, 2005--Dynacq Healthcare Inc. (the "Company") (OTCBB:DYII - News) announced the hiring of Alan Beauchamp as its new chief operating officer.
Dynacq Announces Departure of Executive Officer, Names New Investor Relations Contact
HOUSTON--(BUSINESS WIRE)--Dec. 29, 2004--Dynacq Healthcare Inc. (the "Company") (OTCBB:DYII - News) announced that James N. Baxter has resigned as Executive Vice President effective Dec. 31, 2004, in order to resume a career as a management consultant focusing on finance and investor relations. Mr. Baxter has handled investor relations and certain financing transactions for Dynacq Healthcare Inc. since July 2003.
Dynacq Files 2004 10-K
Dynacq Files 2004 10-K Friday November 12, 4:43 pm ET Reports $1.6 Million Net Loss
Dynacq Healthcare Stock Begins Trading on the OTC Bulletin Board
Dynacq Healthcare Stock Begins Trading on the OTC Bulletin Board Wednesday November 10, 3:35 pm ET
Dynacq Healthcare Inc. Completes Restructuring Of Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Nov. 4, 2004--Dynacq Healthcare Inc. (Pink Sheets:DYII - News; "Dynacq") announced today that it has completed a restructuring of its $6 million revolving credit facility which will now mature on Feb. 28, 2005. Currently, approximately $5.8 million are outstanding under the revolving credit facility
Dynacq Healthcare Inc. Subsidiary Files Voluntary Petition for Bankruptcy Reorganization Under Chapter 11
HOUSTON--(BUSINESS WIRE)--Oct. 8, 2004--Dynacq Healthcare Inc. (Pink Sheets:DYII - News; "Dynacq") announced today that Vista Hospital of Baton Rouge, LLC ("VHBR"), an indirect majority-owned subsidiary of Dynacq, filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. VHBR will continue to operate its business and manage its property as a "debtor in possession" under the jurisdiction of the bankruptcy court. VHBR operates Vista Surgical Hospital of Baton Rouge (the "Baton Rouge Facility"), a 35-bed facility with four surgical suites. The Baton Rouge Facility's primary areas of practice include bariatric surgery, orthopedic surgery, general surgery, pain management and cosmetic surgery.
Dynacq Healthcare Inc. Announces Filing of Three 10-Q Reports
Dynacq Healthcare Inc. (the "Company")(Pink Sheets:DYII - News) announced today that on Aug. 30, 2004, it filed with the Securities and Exchange Commission reports on Form 10-Q for each of the first three quarters of fiscal 2004, the quarters ended Nov. 30, 2003, Feb. 29, 2004 and May 31, 2004.
Dynacq Healthcare, Inc. Announces Changes in Previously Reported Financial Results and Provides Litigation Update
HOUSTON--(BUSINESS WIRE)--July 14, 2004--Dynacq Healthcare, Inc. (the "Company") announced today that the re-audit and restatement of the Company's financial statements for the fiscal year ended August 31, 2002, the restatement of the Company's 2001 financial statements, the restatements of the Company's selected financial information for fiscal years 1999 and 2000 and the audit of its financial statements for the fiscal year 2003 are substantially completed and the Company expects to file its Form 10-K for the fiscal year ended August 31, 2003, on or before July 31, 2004.
Dynacq Healthcare Receives Decision of Nasdaq Listing Qualifications Panel that Shares Will be Delisted
HOUSTON(BUSINESS WIRE)April 15, 2004Dynacq Healthcare, Inc. (NASDAQ NM: DYIIE) (the Company) announced that the Nasdaq Listing Qualifications Panel (the Panel) has notified the Company that its common stock will be delisted from the Nasdaq National Market as of the opening of business on Friday, April 16, 2004.
Dynacq Healthcare Announces Restatement of 2001 and 2002 Financial Statements
HOUSTON--(BUSINESS WIRE)--April 6, 2004--Dynacq Healthcare, Inc. (Nasdaq NM:DYIIE - News; the "Company") announced today that in connection with an ongoing review by the Securities and Exchange Commission of the Company's periodic reports, the Company will restate its financial statements for the fiscal years ended August 31, 2001 and 2002.
Dynacq Healthcare Addresses First Quarter Estimates, Delay in Filing of Financial Reports
HOUSTON--(BUSINESS WIRE)--March 26, 2004--Dynacq Healthcare, Inc. (NASDAQ NM: DYIIE - News; the "Company") announced today that it would not be releasing its financial results for the quarter ended February 29, 2004, by April 14, 2004, the normal filing date for the report. The Company is still in the process of preparing its financial statements for its fiscal year ended August 31, 2003, as well as its financial statements for its quarter ended November 30, 2003. In January of 2004, the Company hired a new independent auditing firm, and is working with this firm to complete the preparation of these financial reports as soon as practicable.
Dynacq Healthcare Announces Departure of Executive Officer, Attorney General Investigation
HOUSTON--(BUSINESS WIRE)--Feb. 13, 2004--Dynacq Healthcare Inc. (Nasdaq NM:DYIIE) announced today that Sarah C. Garvin has resigned from her position as executive vice president and chief operating officer of the Company in order to pursue a career as a healthcare management consultant focusing on project development. She will continue to assist the Company on a consulting basis.
Dynacq Healthcare Estimates First Quarter Earnings Decline
HOUSTON--(BUSINESS WIRE)--Feb. 4, 2004--Dynacq Healthcare, Inc. (NASDAQ NM: DYIIE) announced today that estimated net patient service revenue, net income and fully diluted earnings per share for its first fiscal quarter ended November 30, 2003 decreased in excess of 50% from $17.9 million, $4.7 million and $.27, respectively, in the quarter ended November 30, 2002.
Dynacq Healthcare Receives Notice of Pending NASDAQ Delisting and Informal SEC Investigation
Dynacq Healthcare, Inc. (NASDAQ NM: DYII) said it has received a Nasdaq Staff Determination stating that because Dynacq failed to comply with the requirement of NASD Marketplace Rule 4310 ( c) (14) ...
Dynacq Healthcare Announces Resignation of Independent Auditor
HOUSTON--(BUSINESS WIRE)--Dec. 18, 2003--Dynacq Healthcare, Inc. (Nasdaq:DYII) (the "Company") announced today that Ernst & Young, LLP ("E&Y") resigned late on December 17, 2003 as the Company's independent auditor effective immediately.
Dynacq Postpones Filing of Form 10-K
HOUSTON--(BUSINESS WIRE)--Dec. 16, 2003--Dynacq Healthcare Inc. (Nasdaq/NM:DYII) today announced that it will further postpone the filing of its 2003 Form 10-K until the SEC completes its review of Dynacq's periodic filings and its independent auditors have completed their audit of the Company's Aug. 31, 2003 financial statements.
Dynacq Postpones Filing of Form 10-K/Reports 40% Increase in Fiscal Year Net Income to $21 Million
Dynacq Healthcare, Inc. (NASDAQ/NM:DYIINews) today announced that it is requesting an automatic extension of up to 15 days for filing its 2003 Form 10-K.
Dynacq Healthcare, Inc. Merger Effective
Dynacq Healthcare, Inc. (Nasdaq/NM:DYII - News) today announced that its merger with Dynacq International, Inc. has become effective
Court Approves Dynacq Derivative Settlement
November 10, 2003 21:06 Dynacq International Inc. (Nasdaq/NM:DYII) today announced that the Judge in Brill v. Chan et al., (2002-07135 in the 295th Judicial District Court of Harris County, Texas), a shareholder derivative case, has approved the proposed settlement of the case.
Dynacq to Become Dynacq Healthcare Inc. and Reincorporate in Delaware
HOUSTON--(BUSINESS WIRE)--Oct. 21, 2003--Dynacq International Inc. (Nasdaq/NM:DYII) today announced that it will change its name to "Dynacq Healthcare Inc." and reincorporate in Delaware. It has also appointed American Stock Transfer & Trust Company of New York as its Stock Transfer Agent.
Dynacq Provides Litigation Update
HOUSTON--(BUSINESS WIRE)--Oct. 1, 2003--Dynacq International Inc. (Nasdaq/NM:DYII - News) today provided an update on three pending securities lawsuits. "I am pleased with the progress we have made in resolving the pending securities litigation," said Chiu M. Chan, Dynacq CEO. "We are focusing on what we expect will be a bright future for Dynacq."
Dynacq Comments on Barron's Article
HOUSTON--(BUSINESS WIRE)--Sept. 16, 2003--Dynacq International Inc. (NASDAQ/NM:DYII - News) commented today on a Barron's article which analyzed Dynacq's outstanding growth and profitability and provided some of the reasons why the Company is more profitable than most hospital holding companies.
Federal Judge Dismisses Class Action Against Dynacq International
HOUSTON--(BUSINESS WIRE)--Aug. 27, 2003--Dynacq International Inc. (Nasdaq/NM:DYII - News) announced today that the U.S. District Court for the Southern District of Texas has issued a Final Judgment dismissing with prejudice Jack D. Hamilton and Cedric C. Jimerson, et al. v. Dynacq International Inc., et al., Master Case No. H-02-0377, a class action against Dynacq International Inc. and certain of its officers.
Dynacq Affiliate Acquires Dallas-Ft. Worth Hospital
HOUSTON--(BUSINESS WIRE)--Aug. 18, 2003--Dynacq International Inc. (Nasdaq/NM:DYII) announced today that one its affiliates has completed the purchase of a 113-bed hospital facility located in the Dallas-Fort Worth area.
Dynacq Comments on News Reports Regarding New Baton Rouge Hospital
Texas Judge Orders Withdrawal of Louisiana Motion to Sequester Equipment
Dynacq Agrees to Acquire Hospital in Dallas-Ft. Worth Area
HOUSTON--(BUSINESS WIRE)--Aug. 1, 2003--Dynacq International Inc. (Nasdaq/NM:DYII ) announced today that it has signed an Asset Purchase Agreement with Garland Physicians' Hospital, Ltd. and Leland Medical Centers Inc. Under the terms of the agreement, Vista Hospital of Dallas, L.P., an affiliate of Dynacq, will purchase a 113-bed acute care general hospital located in Garland, Texas and an adjacent medical office building on 23 acres of land for approximately $6.7 million and the assumption of approximately $2.5 million of liabilities. The agreement contemplates a closing in the next several weeks, subject to the satisfaction of certain terms and conditions.
Dynacq International Names Baxter EVP
HOUSTON--(BUSINESS WIRE)--July 17, 2003--Dynacq International Inc. (Nasdaq/NM:DYII - News) said that it has named James N. Baxter executive vice president.
Dynacq Reports 52% Increase in Third Quarter Net Income to $6.3 Million
Dynacq International Inc. (Nasdaq/NM:DYII) today reported another strong financial performance in the quarter ended May 31, 2003. Net patient service revenues increased to $25,606,000 from $19,585,000, or 31%, from the corresponding prior year quarter. Net income for the quarter rose 52% to $6,277,000 from $4,127,000 for the comparable prior year quarter and fully diluted earnings per share increased to $0.40 from $0.27, or 48%, from the corresponding prior year quarter.
Dynacq Ranked #8 Among America's Fastest-Growing Small Companies by Fortune Small Business
The rankings are based upon averaging the rankings of the public companies on major exchanges with less than $200 million in revenue growth rates regarding earnings, revenue and stock data. Dynacq is one of four companies to make the FSB 100, Fastest-Growing list for three straight years.
Dynacq International Reports Continued Strong Growth in Second Quarter Fiscal Year 2003 Results
HOUSTON--(BUSINESS WIRE)--April 14, 2003--Dynacq International Inc. today reported growth in overall financial performance in the second quarter ended February 28, 2003 for fiscal year 2003. Net revenues increased to $21,128,000 from $14,965,000, or 41%, from the corresponding prior year quarter. Basic earnings per share increased to $0.28 from $0.24, or 17%, and fully diluted earnings per share increased to $0.27 from $0.24, or 13%, from the corresponding prior year quarter.

 

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