|HOUSTON--(BUSINESS WIRE)--April 14, 2006--Dynacq Healthcare, Inc. (Nasdaq:DYII - News) today announced reviewed financial results for the second fiscal quarter ended February 28, 2006. For the fiscal quarter ended February 28, 2006, net patient service revenue decreased 33% to $9.7 million as compared to the same quarter in the previous year. The loss from operations for the quarter ended February 28, 2006 was $2.3 million, compared to $2.4 million loss for the same quarter in the previous year. Net loss for the quarter ended February 28, 2006 increased to $2.4 million as compared to a net loss of $1.7 million in the same quarter of the previous year.
This net loss is primarily a result of lower net patient revenue, which is due to a decrease in the number of procedures by 5% to 862 during the three-month period ended February 28, 2006 as compared to 903 during the three-month period ended February 28, 2005, and a 29% decrease in the net patient service revenue per case from $15,886 in 2005 to $11,225 in 2006.
Dynacq Healthcare, Inc. ("www.dynacq.com") is a holding company.
Its subsidiaries provide surgical healthcare services and related
ancillary services through hospital facilities and an outpatient
Dynacq Healthcare, Inc., Houston
Philip Chan, 713-378-2000
Dynacq Healthcare, Inc.