Dynacq Healthcare, Inc. Bankruptcy Case

Case filing & court posture: Dynacq Healthcare, Inc. and affiliates filed chapter 11 on December 8, 2025 in the Southern District of Texas (Case No. 25-90798), with Judge Alfredo R. Perez presiding. Dkt. 1 The case was designated for complex case treatment and jointly administered. Dkt. 4
Liquidity & financing path: The debtors obtained a $5 million senior secured superpriority DIP term loan from Caliburn Capital, LLC at 15% per annum interest. Dkt. 9 The court entered an interim order on December 16, 2025 authorizing $2 million of initial draws Dkt. 30 and a final order on January 6, 2026 authorizing the remaining $3 million. Dkt. 84
Sale process: The debtors are pursuing a section 363 sale of substantially all assets. Dkt. 52 The court approved bidding procedures on January 13, 2026, setting a bid deadline of February 10, 2026 and an auction for February 18, 2026. A stalking horse purchaser was selected on February 3, 2026.

Case filing & court posture: Dynacq Healthcare, Inc. and affiliates filed chapter 11 on December 8, 2025 in the Southern District of Texas (Case No. 25-90798), with Judge Alfredo R. Perez presiding. Dkt. 1 The case was designated for complex case treatment and jointly administered. Dkt. 4
Liquidity & financing path: The debtors obtained a $5 million senior secured superpriority DIP term loan from Caliburn Capital, LLC at 15% per annum interest. Dkt. 9 The court entered an interim order on December 16, 2025 authorizing $2 million of initial draws Dkt. 30 and a final order on January 6, 2026 authorizing the remaining $3 million. Dkt. 84
Sale process: The debtors are pursuing a section 363 sale of substantially all assets. Dkt. 52 The court approved bidding procedures on January 13, 2026, setting a bid deadline of February 10, 2026 and an auction for February 18, 2026. A stalking horse purchaser was selected on February 3, 2026.

Dynacq Healthcare, Inc.