Dynacq Reports Hospital Expansion.Business Editors/Health & Medical Writers HOUSTON--(BW HealthWire)--June 21, 2001 Because of the increased demand and limited current capacity, Dynacq International Inc. (Nasdaq:DYII) has begun the expansion construction of its Vista Medical Center Hospital. The state of Texas has approved the plans for expansion of the existing facility creating two additional operating rooms operating room n. Abbr. OR A room equipped for performing surgical operations. and associated recovery rooms. The expansion will result in a 100% increase in the facility's surgical capacity. After securing bids for the roughly $750,000 project, the successful contractor has obtained all necessary building permits and estimates the project will be completed no later than the first quarter of the fiscal year 2002. The renovation is designed to enhance the company's commitment to the delivery of quality and efficient healthcare. This project will not interfere with current operations. All cost will be paid out of existing earnings and no debt will be incurred. Mr. Chiu M. Chan, president & 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. of Dynacq, stated, "This is the second of the most recent steps we are taking toward implementing our plan to expand our ability to provide exemplary and cost efficient healthcare through controlled and well managed growth. We recently completed a similar expansion of the surgical capacity of our Ambulatory Surgery Center ambulatory surgery center A free-standing center that performs various types of surgery , adding a surgical suite and recovery stations, which has resulted in a substantial increase in the facility utilization. The company is continuing its efforts to penetrate the area and national medical markets and propagate prop·a·gate v. 1. To cause an organism to multiply or breed. 2. To breed offspring. 3. To transmit characteristics from one generation to another. 4. its successful model for creating quality and efficient community-based, one stop health care resource 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 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; 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 individual investor.com as being in the top 15% fastest-growing public companies nationally. Certain statements in this release are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. . 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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