Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
DYII > SEC Filings for DYII > Form 8-K on 17-Jul-2013All Recent SEC Filings

Show all filings for DYNACQ HEALTHCARE INC



Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets.

As previously reported, on March 7, 2013, our wholly owned subsidiary, Vista Land & Equipment, LLC ("Vista Land"), entered into a Commercial Contract of Sale with RCR Healthcare Dallas, LLC ("RCR Healthcare"). On July 12, 2013, the transactions contemplated by the agreement closed, whereby Vista Land sold our hospital facility in Garland, Texas, formerly known as the Vista Hospital of Dallas (the "Garland facility"), to RCR Healthcare. At closing, Vista Land received a total of $4,830,715.03 for the Garland facility, after deducting for commissions, fees, taxes and certain adjustments. In connection with an insurance claim for casualty losses at the Garland Facility, an additional $100,000 from RCR Healthcare was put into escrow to be held for payment of a deductible. Upon final determination of the claim, Vista Land may be entitled to reimbursement of some of this escrow amount.

  Add DYII to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for DYII - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.