Dynacq International Inc. Acquires Surgi+Group Inc.Business Editors & Health/Medical Writers HOUSTON--(BW HealthWire)--Feb. 8, 2001 Dynacq International Inc. (Nasdaq:DYII) has acquired Surgi+Group. Inc., a privately-held, Houston-based surgery center development company. The acquisition of Surgi+Group Inc. gives Dynacq International Inc. immediate access to surgery center acquisition and development opportunities previously developed by Surgi+Group Inc. The acquisition also brings to Dynacq a seasoned development executive, Irvin T. Gregory, who will continue to serve as president of Surgi+Group Inc., now a wholly-owned subsidiary of Dynacq. Gregory will work day-to-day day-to-day adj. 1. Occurring on a routine or daily basis: the day-to-day movements of the stock market. 2. with Sarah C. Garvin Garvin may refer to:
The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; market and beyond. Gregory has over thirty years of for-profit for-prof·it adj. Established or operated with the intention of making a profit: a for-profit organization. healthcare management experience, serving as an executive and senior development officer in various healthcare companies, including Medical Care International, Surgical Partners of America and Physicians Surgical Care Inc. Garvin joined Dynacq International Inc. earlier in the year. Garvin's for-profit healthcare career spans over two decades and includes executive experience with Surgicare, HealthSouth and Surgical Health Corporation. Chiu M. Chan , Dynacq's chairman and chief executive officer, announced the acquisition of Surgi+Group today, stating, "This acquisition is an important positive step in the planned growth and expansion of the company and was accomplished with existing assets, thus incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. no debt." Dynacq International Inc. specializes in creating high-quality, efficient, one-stop healthcare centers designed to meet the needs of physicians and their patients. During the past fiscal year, Dynacq International Inc. has been recognized by the Houston Chronicle chronicle, official record of events, set down in order of occurrence, important to the people of a nation, state, or city. Almanacs, The Congressional Record in the United States, and the Annual Register in England are chronicles. as one of the top ten fastest-growing public companies in Houston This is an incomplete list of major companies headquartered in Houston, Texas and the Houston–Sugar Land–Baytown metropolitan area. Houston is known for its oil and gas industry and it should also be noted that only New York City has more Fortune 500 companies. and has also been recognized by Wallstreet.com as being in the top 15% fastest-growing public companies nationally. Certain statements in this release are forward-looking. Although the Company believes these expectations to be based on reasonable assumptions and to be within the bounds of knowledge of the company's business and operations, there can be no assurance that actual results will not differ materially from expectations. Please refer to the reports filed by the company with the Securities and Exchange Commission for a review of factors that may cause results to differ. |
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