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Cut costs and trim waistlines. That is what Dynacq Healthcare, Inc. (NASDAQ: DYII), a company that operates acute care hospitals in Louisiana and Texas, hopes to do in China, where obesity among men and women ages 18-44 grew by a whopping 146.2 percent from 1992 to 2002, according to data collected from the China National Nutrition and Health Survey.
In its 10-K filing for fiscal year 2007, Dynacq noted that, by implementing new bariatric procedures focused more on in-house support, the company was "able to reduce costs associated with outside vendor programs," while at the same time increase its number of bariatric surgeries by better than 60 percent over FY 2006.
Through its DeAn Joint Venture with the People's Republic of China, DYII aspires to do even more weight control surgeries in years to come — by designing, constructing and owning Shanghai DeAn Hospital in Shanghai, China.
