Dynacq Announces Opening New Specialty Surgical Hospital in Louisiana.Business Editors & Health/Medical Writers HOUSTON--(BUSINESS WIRE)--Jan. 27, 2003 Vista Surgical Hospital of Baton Rouge Baton Rouge (băt`ən r zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , the area's first
specialty surgical hospital, was granted licensure licensure(lī´s The opening of the new hospital is an important milestone in Dynacq's growth plan of developing new hospitals in multiple locations. Additional facilities are in the planning stage in both Louisiana and Texas. The 50,000 square foot acute care facility includes four operating rooms operating room n. Abbr. OR A room equipped for performing surgical operations. , two procedure rooms with pre- and post-operative units, an intensive care unit and extensive diagnostic equipment and a thirty-nine (39) bed nursing unit. "We are pleased to open this facility in a timely manner and on budget," said Chan. "In addition to providing Baton Rouge residents and physicians with medical innovation and high quality care, the new hospital provides Dynacq shareholders significant added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Dynacq International Inc. (www.dynacq.com) provides surgical healthcare services and related ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. services through surgical hospital facilities and outpatient surgical centers. Dynacq specializes in creating surgical facilities that are models of quality patient care, efficiency, technology, clinical skills and profitability. For more information, please see our Web site at http://www.dynacq.com or contact Emily Rodgers of Dynacq at emily@dynacq.com, 713/378-3092. Certain statements contained in this press release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements include, without limitation, Dynacq's ability to successfully and timely complete its planned new projects, and continue growing, the financial success of the Baton Rouge hospital, and Dynacq's ability to continue to provide high quality healthcare services and facilities. Although the company believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More detailed information about factors that may cause actual results to materially differ is contained in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "expect," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that such statements were made. The company undertakes no obligation to update any forward-looking statements contained in this press release. |
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