Ms. Garvin: Dynacq is a health services company that is concentrated today in developing and operating healthcare facilities that provide primarily surgical services, both on an outpatient and an inpatient basis. The history of the company is that in 1992, it became publicly traded by virtue of a reverse merger with a shell. It concentrated in the early days on various types of outpatient health services. Then, as the company gained access to capital through its operations, it began in about 1996 to concentrate on first, outpatient surgical facilities, and then added inpatient facilities, in May of 1999.
TWST: Could you give us a sense of the health and the outlook of the
industry at this time, and your placement in the competitive landscape?
Ms. Garvin: For investors who follow the proprietary, for-profit
publicly-traded health service sector, it has been a decade long success
story, albeit with ups and downs, for American and foreign investors.
With the ongoing medical innovations that this country manages to
develop, propel and put into practice, you have an increasingly high-
tech health service industry with many ongoing opportunities for new
corporate models. This is both because of the growth of the population
in certain areas, as well as the replacement of older facilities. So I
would say that the health service industry, which has never had a huge
number of pure-service companies that are publicly traded, nonetheless
is a significant factor in the market. We currently are looking at very
bright prospects.
Tickers included in this excerpt: DYII
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