2007'05.27.Sun
Chindex International Announces New Healthcare Services Venture: Wuxi United Family International Healthcare Center
May 25, 2007
BETHESDA, Md., May 25 /Xinhua-PRNewswire/ -- Chindex International, Inc. (Nasdaq: CHDX) a leading independent American provider of Western healthcare services and medical products in the People's Republic of China, announced that, at a ceremony held on May 19, 2007, it signed a management agreement with International Travel Healthcare Association Wuxi Centre for the operations of the Wuxi United Family International Healthcare Center. This agreement marks the Company's entry into a new model of healthcare facilities "under management." This model will allow the company to accelerate the expansion of its already well-known brand to more cities throughout the growing prosperous regions of China. Capital investment in new company-owned facilities will continue in the largest cities in China, while the "under management" model will allow the United Family brand's network to grow at an even faster pace. (Logo: http://www.xprn.com.cn/xprn/sa/200611131726.jpg ) This agreement will allow the newly-constructed center to provide the best care for residents of the prosperous city of Wuxi and the surrounding areas. The management agreement includes the licensing of Chindex's United Family brand and requires the center to adhere to the international standards of healthcare delivery for which the United Family Healthcare network is known. Chindex's Healthcare Services division will oversee the operations of the Wuxi Center, which will offer convenience to international visitors and residents of this region through premium service offerings in the fields of Family Practice, Dental Care, Pediatrics, and Obstetrics and Gynecology. Wuxi is an affluent city located in Jiangsu province just south of Shanghai with a large commercial and tourist economic base. Chindex International Board Chair, A. Kenneth Nilsson, and other members of the Chindex Board of Directors, the CEO of Chindex International, Roberta Lipson, and the CEO of United Family Hospitals and Clinics, Anne Moncure, as well as the Executive Vice Mayor of Wuxi, Mr. Gong Peixing, and Deputy Director of the Jiangsu Entry/Exit Inspection & Quarantine Bureau, Mr. Lu Yonggui, all attended the ceremony. Chairman Nilsson said, "We are very honored to be able to attend this ceremony marking the cooperation of Chindex International and International Travel Healthcare Association Wuxi Centre. We are pleased to bring our services to this important growing region of China." Roberta Lipson, Chindex International CEO, said, "The signing of this agreement represents an additional business model for our company, which will allow us to grow our brand at a faster rate and will supplement our ongoing expansion plan of building and financing our own facilities. United Family Healthcare has become a brand synonymous with the highest level of service and quality in healthcare delivery in China. We are happy to be able to extend this level of service to more people in China through a new model of cooperation." Anne Moncure, CEO of United Family Hospitals and Clinics, said, "Wuxi United Family International Healthcare Center will inherit the warm and caring patient-centered service model which is our tradition, to give the highest international standard medical care and consultation to the people of Wuxi, Suzhou and surrounding areas." As the sixth medical organization in China to be owned or operated by Chindex International's United Family Healthcare group, Wuxi United Family International Healthcare Center has been constructed, will be equipped and will operate according to the highest international standard of care. About Chindex International, Inc. Chindex is an American healthcare company that provides healthcare services and supplies medical capital equipment, instrumentation and products to the Chinese marketplace, including Hong Kong. It provides healthcare services through the operations of its United Family Hospitals and Clinics, a network of private primary care hospitals and affiliated ambulatory clinics in China. The Company's hospital network currently operates in the Beijing and Shanghai metropolitan areas. The Company sells medical products manufactured by various major multinational companies, including Siemens AG, which is the Company's exclusive distribution partner for the sale and servicing of color Doppler ultrasound systems. It also arranges financing packages for the supply of medical products to hospitals in China utilizing the export loan and loan guarantee programs of both the U.S. Export-Import Bank and the German KfW Development Bank. With twenty-six years of experience, over 1,000 employees, and operations in China, Hong Kong, the United States and Germany, the Company's strategy is to expand its cross-cultural reach by providing leading edge healthcare technologies, quality products and services to Greater China's professional communities. Further company information may be found at the Company's websites, http://www.chindex.com and http://www.unitedfamilyhospitals.com . Statements made in this press release relating to plans, strategies, objectives, economic performance and trends and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, the factors set forth under the heading "Risk Factors" in our annual report on Form 10-K for the year ended March 31, 2006, updates and additions to those "Risk Factors" in our interim reports on Form 10-Q and in other documents filed by us with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "forecasts", "potential", or "continue" or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We have no obligation to update these forward-looking statements. For more information, please contact: Lawrence Pemble or Judy Zakreski Chindex International, Inc. Tel: +1-301-215-7777
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