Dynacq Builds Its Management Team for Growth.Business Editors/Health & Medical Writers BIOWIRE2K HOUSTON--(BW HealthWire)--July 26, 2002 Dynacq International (Nasdaq:DYII) announced today that Chantell L. Preston has joined the company as its vice president of development. Chantell Preston's immediate duties will consist of project management for new campuses outside the Houston market area. Her strong background in construction and project management will enable her to take a leadership role in the completion and opening of the 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. hospital, hopefully enabling Dynacq to complete the construction process earlier than originally expected. Preston's strong background in surgery center development will also enable her to identify additional acquisition and construction opportunities for Dynacq as well as perform feasibility studies The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. for potential new hospital campuses. "We have intentionally in·ten·tion·al adj. 1. Done deliberately; intended: an intentional slight. See Synonyms at voluntary. 2. Having to do with intention. kept our management structure very lean," says Chiu M. Chan, chief executive officer of Dynacq. "Our current management team has been able to double our surgical capacity in Houston in little over a year and get the expansion process for out-of-state operations underway. Now that we are getting closer to an opening in Louisiana, we felt that it was time to significantly strengthen our team so that we can speed up our growth while maintaining current operations and profitability. Chantell Preston's strong background in developing and executing surgery center acquisition and construction programs will give Dynacq the capability of developing several new campuses simultaneously." Prior to her position at Dynacq, Preston developed and implemented strategic marketing plans for the design and construction of ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery and surgical hospitals for Shiloh Enterprises in Oklahoma. Preston also worked in healthcare project management capacities including working with regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. to meet all federal, state and local regulations. Prior to that, she served as director of development for U.S. Surgical Partners in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , being responsible for syndication of physician ownership and evaluating surgical centers for operational efficiency, profitability and acquisition opportunities. Preston received her master of business administration from Sam Houston State University Sam Houston State University, (known as SHSU and Sam, for short) founded in 1879, is a public university located in Huntsville, Texas. It is one of the oldest purpose-built institutions for the instruction of teachers west of the Mississippi River and the first such . About Dynacq International Inc Houston-based Dynacq International Inc. 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 efficiency, technology, clinical talent and skills, profitability -- and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , patient care. Dynacq recently announced its record earnings. The company's diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for the third fiscal quarter ending May 31, 2002 increased by 42% to $0.27 per share as compared to $0.19 for the corresponding quarter of the previous year. Net revenues increased by 54%. Certain statements in this release are forward-looking. 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. For factors that may cause results to differ materially from expectations and underlying assumptions, see reports by the company filed with the Securities and Exchange Commission. |
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