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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 FOWnPZm9vcSmonQUWPwiZ2DPDEBGtn/CDwCWy/Cqrmk8xiGavXwxYzddsP6XbklQ
 lzDSCsQNW6x8MfhYePkrMg==

<SEC-DOCUMENT>0001181431-05-004487.txt : 20050124
<SEC-HEADER>0001181431-05-004487.hdr.sgml : 20050124
<ACCEPTANCE-DATETIME>20050124163236
ACCESSION NUMBER:		0001181431-05-004487
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050120
FILED AS OF DATE:		20050124
DATE AS OF CHANGE:		20050124

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Beauchamp Alan Andrew
		CENTRAL INDEX KEY:			0001315146

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21574
		FILM NUMBER:		05544780

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		713-378-3115

	MAIL ADDRESS:	
		STREET 1:		10304 INTERSTATE 10-EAST, SUITE 369
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77029

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNACQ HEALTHCARE INC
		CENTRAL INDEX KEY:			0000890908
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011]
		IRS NUMBER:				760375477
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		10304 INTERSTATE 10 EAST
		STREET 2:		SUITE 369
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77029
		BUSINESS PHONE:		7136736639

	MAIL ADDRESS:	
		STREET 1:		10304 I-10 EAST
		STREET 2:		SUITE 369
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77029

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DYNACQ INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd65772.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-01-20</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000890908</issuerCik>
        <issuerName>DYNACQ HEALTHCARE INC</issuerName>
        <issuerTradingSymbol>DYII.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001315146</rptOwnerCik>
            <rptOwnerName>Beauchamp Alan Andrew</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10304 INTERSTATE 10 EAST</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 369</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77029</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP-Chief Operating Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-01-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2006-01-20</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-01-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Of 100,000 options granted on January 20, 2005, 25,000 options vest on each of the four (4) anniversary dates of the grant, commencing on January 20, 2006.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Alan  A. Beauchamp</signatureName>
        <signatureDate>2005-01-21</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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