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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                        Date of Report: November 16, 2004
                        (Date of Earliest Event Reported)


                             GREENBRIAR CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


           Nevada                         0-8187                  75-2399477
       (State or other                 (Commission            (I.R.S. Employer
jurisdiction of incorporation)           File No.)           Identification No.)


                        1755 Wittington Place, Suite 340
                               Dallas, Texas 75234
                    (Address of principal executive offices)


                                  972-407-8400
              (Registrant's telephone number, including area code)



         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the Registrant under any of the
following provisions:

[_]      Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)

[_]      Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)

[_]      Pre-commencement  communications  pursuant to Rule  14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b))        

[_]      Pre-commencement  communications  pursuant to Rule  13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c))




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Section 2 - Financial Information

Item 2.02.  Results of Operations and Financial Condition

         On November 16, 2004,  Greenbriar  Corporation ("GBR" or the "Company")
announced its operational results for the third quarter and first nine months of
2004. A copy of the announcement is attached as Exhibit "99.1."

         The  information  furnished  pursuant  to Item  2.02 in this  Form 8-K,
including Exhibit "99.1" attached hereto,  shall not be deemed to be "filed" for
purposes  of  Section 18 of the  Securities  Exchange  Act of 1934 or  otherwise
subject to the liabilities of that Section,  unless we specifically  incorporate
it by  reference  in a document  filed under the  Securities  Act of 1933 or the
Securities  Exchange  Act of  1934.  We  undertake  no  duty  or  obligation  to
publicly-update  or revise the  information  furnished  pursuant to Item 2.02 of
this Current Report on Form 8-K.

Section 9 - Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

         (c)      Exhibits.

         The following exhibit is furnished with this Report:


           Exhibit 
         Designation
                           Description of Exhibit

           99.1*           Press Release dated November 16, 2004.

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*Furnished herewith.








                                                    SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the Registrant has  duly-caused  this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly-authorized.

         Dated: November 16, 2004.            GREENBRIAR CORPORATION


                                              By: /s/ Gene S. Bertcher
                                                 -------------------------------
                                                 Gene S. Bertcher, President and
                                                 Chief Financial Officer