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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (12121)	9/15/2003 10:33:43 AM
From: StockDung	Read Replies (1) \| Respond to of 19428

Trapped like the Rats they are, DYII: Dynacq Intl May Receive Less From Insurers, Barron's Says 2003-09-14 19:43 (New York) Sept. 13 (Bloomberg) -- Dynacq International Inc., the owner of a surgical hospital in Pasadena, Texas, may have a ``problematic future,'' Barron's reported, as insurers resist paying its claims and Texas officials limit how much it can charge. Dynacq may also have a conflict of interest with surgeons who own a 10 percent financial interest in the company's Vista Medical Center in Pasadena, Barron's reported. Vista, which's provides 90 percent of Dynacq's earnings, specializes in surgeries paid for by workers' compensation insurance, Barron's stated. Texas Mutual Insurance Co., the state's no. 1 workers' comp insurer, has balked at paying the rates Vista charges, Barron's said. And Texas officials plan new rules on what hospitals can charge workers' comp insurers, the weekly newspaper said. James Baxter, a spokesman for Houston-based Dynacq, said he remains upbeat about the company's prospects, according to Barron's. Dynacq shares fell 39 cents to $25.60 on Friday in Nasdaq Stock Market trading. The stock has risen 78 percent this year. Baxter and Texas Mutual Senior Vice President Terry Frakes didn't immediately return phone calls from Bloomberg News. (Barron's 9-15) (For Barron's Web site on the Bloomberg, see {BARR <GO>}. --Adam Steinhauer in the San Francisco newsroom (1) (415) 743- 3517 or asteinhauer@bloomberg.net, through the Princeton newsroom. Editor: Wier. Story illustration: For Dynacq International's filings with the U.S. Securities and Exchange Commission, see {DYII US <Equity> CF <GO>}. Company news: DYII US <Equity> CN Dynacq Denies Report the Company Faces `Problematic Future' 2003-09-14 22:19 (New York) Sept. 14 (Bloomberg) -- Dynacq International Inc., the owner of a surgical hospital in Pasadena, Texas, said a report in Barron's saying the company may have a ``problematic future'' doesn't provide an accurate picture. The story, which said that Dynacq might face problems because insurers resist paying its claims and Texas officials may try to limit how much it can charge, is at a best a ``tremendous exaggeration,'' spokesman James Baxter said. ``This is a normal part of our business,'' Baxter said. ``We're not a company in crisis.'' Barron's reported that Texas Mutual Insurance Co., the state's no. 1 workers' compensation insurer, has balked at paying the rates Vista Medical Center, which provides 90 percent of Dynacq's earnings, charges. Barron's also reported that Texas officials plan new rules on what hospitals can charge workers' comp insurers, the weekly newspaper said. The dispute with Texas Mutual is in litigation and Dynacq will continue to pursue the payment amounts the company feels entitled to, Baxter said. He said he wasn't aware of any proposals in Texas about restricting what hospitals can charge in workers' comp cases. Barron's also reported that Dynacq may have a conflict of interest with surgeons who own a 10 percent financial interest in the Vista Medical Center in Pasadena. The 10 percent stake is not large by industry standards and there's no conflict of interest, Baxter said. A call to Barron's news department wasn't immediately returned Sunday evening. Barron's is a publication of Dow Jones & Co. Dow Jones competes with Bloomberg LP, the parent of Bloomberg News, in providing financial news and information. --Edvard Pettersson in Los Angeles (1) (323) 782-4234 or epettersson@Bloomberg.net, with reporting by Adam Steinhauer in San Francisco, through the San Francisco newsroom. Editor: Siler. Story illustration: For Dynacq International's filings with the U.S. Securities and Exchange Commission, see {DYII US <Equity> CF <GO>}. Company news: DYII US <Equity> CN