Dynacq International Finalizes Purchase of Baton Rouge Hospital.Business Editors & Health/Medical Writers BIOWIRE2K HOUSTON--(BW HealthWire)--Nov. 19, 2001 Dynacq International (Nasdaq:DYII) closed on the purchase of Charis Hospital in 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. on November November: see month. 7th, announced Irvin T. Gregory,
Dynacq executive vice president and chief development officer.
Purchased for $3.4 million, Gregory disclosed that Dynacq is completing the overall design for the extensive remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and is in final negotiations with the contractor. The 50,000-square foot facility - to be named Vista Surgical Hospital of Baton Rouge - is being renovated into a leading edge surgical hospital complete with 50 private patient rooms and a newly-constructed 20,000-square foot surgical suite containing multiple operating rooms operating room n. Abbr. OR A room equipped for performing surgical operations. , intensive care unit and pre- pre- word element [L.], before (in time or space). pre- pref. 1. Earlier; before; prior to: prenatal. 2. and post-operative beds. "Our installation will be the only surgical hospital in the Baton Rouge metropolitan area The Baton Rouge Metropolitan Area, centered in Baton Rouge, Louisiana, is inhabited by about 765,000 people. Comprising the northeastern portion of Acadiana and the western edge of the Florida Parishes regions, it is known as "plantation country", the "capital region", and "the ," Gregory said. "It is being built on the same ultra-efficient model as our flagship surgical hospital in Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; . Scheduling is streamlined, the best technology is embraced, staffing is limited to the highly talented and patients receive more and better attention. Because it gives surgeons better control over their practice environment, we have received excellent reception from the surgical specialists who will be joining us as partners in the project." Dynacq International was recently ranked No. 2 among "America's 200 Best Small Companies" by Forbes magazine and No. 3 among "America's Fastest Growing Small Public Companies" by Fortune Small Business. Dynacq International Inc. specializes in developing, owning and operating community-based surgical facilities designed to meet the needs of leading surgeons and their patients. Certain statements in this release are forward-looking. Although the company believes its expectations are based on reasonable assumptions within the bounds of knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Please refer to the reports filed by the company with the Securities and Exchange Commission for factors that may cause results to differ. For more information, please contact Dick Schey of Schey Advertising/Public Relations at 713/522-8300 or e-mail at scheyadv@aol.com. |
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