8-K

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   Form 8-K

                                CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report (Date of earliest event reported)  March 22, 2001


                          DYNACQ INTERNATIONAL, INC.

(State or other jurisdiction      (Commission        (IRS Employer
      of incorporation)           File Number)   Identification Number)

         Nevada                     0-20554           76-0375477


(Address of principal executive office)               (Zip Code)

10304 I-10 East, Suite 369, Houston, Texas              77029


Registrant's telephone number, including area code (713)673-6432


Item 5. Other Events.

     On March 22, 2001 Dynacq International, Inc. ("the Company") through its
     wholly owned subsidiary, Vista Surgical Center West, L.L.C. ("Vista West")
     acquired all the fixed assets include accounts receivable, equipments,
     furniture and fixtures and leasehold improvements of Piney Point Surgical
     Center, an ambulatory surgery center located in west Houston from seller
     for cash with no debt incurred.  Vista West also executed a Sub-Sublease
     Agreement with sublessor commencing March 22, 2001 and ending at 11:59 p.m.
     on May 14, 2008.

       Exhibit
       (1) Press release.



                                    SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          Dynacq International, Inc.
                                          (Registrant)

                                          /s/ Philip Chan
Date :  April 6, 2001                     --------------------------------------
                                          Philip Chan
                                          Chief Financial Officer,
                                          Vice President and Director

EX-99.1

Dynacq International, Inc. Acquires Piney Point Surgery Center

HOUSTON, MARCH 22, 2001 (BW HealthWire) -- Dynacq International, Inc. (NASDAQ:
DYII) announces its acquisition of the Piney Point Surgery Center, an ambulatory
surgery center located in Houston, Texas.  Final approval of the change of
ownership by Texas Department of Health is anticipated within the next several
days. Immediately following State approval, surgeries will be scheduled and
performed, and the resulting revenues will be accretive to Dynacq's earnings.

The Piney Point Center acquisition is the first of several anticipated benefits
from Dynacq's Surgi+Group acquisition, which was completed in February of this
year. This transaction adds the continuing profitable operations of the Piney
Point Center as an orthopedic outpatient facility to Dynacq's operations, while
the Company simultaneously completes renovations and equipment purchases at the
Center designed to expand services for its utilizing physicians and their
patients.

Chiu M. Chan, Dynacq's Chairman and Chief Executive Officer, announced the Piney
Point transaction, stating, "The addition of the Piney Point Center gives our
Company a second strategic location in metropolitan Houston.  This acquisition
is right on target following our acquisition of Surgi+Group, and moves us
forward on our strategic growth plan.  Dynacq's capable  management team will
continue to successfully operate the Piney Point Center, while expanding its
facilities and services."

As previously announced, the acquisition is a cash transaction using existing
funds with no debt incurred.

Dynacq International, Inc. specializes in creating high quality and efficient,
community-based, one-stop healthcare resource centers designed to meet the needs
of physicians and their patients.  During the past year, Dynacq was recognized
by both the Houston Chronicle and Wallstreet.com as one of the fastest-growing
public companies in Houston and the Country.

Certain statements in this release are forward-looking.  Although  Dynacq
believes its expectations are based on reasonable assumptions within the bounds
of knowledge of its business and operations, there can be no assurance that
actual results will not differ materially from Dynacq's expectations.  Please
refer to the reports filed by Dynacq with the Securities and Exchange Commission
for a review of factors that may cause results to differ.

For additional information, please contact Philip Chan at 713-673-6432.