Dynacq International Expansion Continues With Appointment of Two New Hospital Administrators; CEO Cites Accelerating Operations, Optimism.Business Editors/Health & Medical Writers BIOWIRE2K HOUSTON--(BW HealthWire)--Feb. 19, 2002 Dynacq International Inc. (Nasdaq:DYII) has appointed two new hospital administrators in its Houston-area hospitals, announced Chiu Chan, Dynacq chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Michael Littell, a veteran of twenty-five years in the healthcare industry, is the new administrator at Dynacq's flagship surgical hospital in Pasadena, Texas. Littell has served as CEO/administrator for both inpatient inpatient /in·pa·tient/ (in´pa-shent) a patient who comes to a hospital or other health care facility for diagnosis or treatment that requires an overnight stay. in·pa·tient n. and outpatient hospitals as well as in the home healthcare sector. As administrator of Vista Medical center, Littell will oversee the next generation of growth. Littell holds a B.A. from Texas A&M University. The new administrator at Dynacq's Vista Surgical Center West in Houston is Glenn Conroy, who has spent the past twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. developing and managing both inpatient and outpatient surgical centers as well as a large inpatient imaging center. Part of Conroy's responsibilities will include an expansion of outpatient surgical services. Conroy has a B.S. from the University of Texas and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Business, specializing in healthcare, from the University of Dallas The University of Dallas is a Catholic institution. It seeks to educate its students to develop the intellectual and moral virtues, to prepare themselves for life and work, and to become leaders in the community. . "Appointment of the two new administrators reflects Dynacq's accelerating operations," said Chan. "It exhibits management's focus on same-store growth and selective expansion. We want to provide the finest surgical and outpatient settings possible for the benefit primarily of our patients and physicians, and ultimately for our shareholders. "Dynacq's management remains optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op based upon our strong balance sheet, sound, positive current operations and our anticipation of the future," Chan stated. 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 operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , 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. For more information, please see our Web site at http://www.dynacq.com or contact Dick Schey of Schey Advertising/Public Relations at 713/522-8300 or by e-mail at raschey@sbcglobal.net. |
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