BETHESDA, Md., July 27 /Xinhua-PRNewswire/ -- Chindex International, Inc. (Nasdaq: CHDX) a leading independent American provider of Western healthcare products and services in the People's Republic of China, announced that it has been awarded the contract as the exclusive supplier for premium clinical application color ultrasound systems to the People's Liberation Army (PLA) hospital system in China for the year. Under the terms of the tender, the PLA has agreed to purchase at least 15 Siemens Sequoia ultrasound systems to be installed in PLA hospitals throughout China. The Sequoia is the top of the line color Doppler ultrasound system with diagnostic applicability for almost every system in the body.
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The contract was awarded to Chindex for the supply of the Siemens ultrasound systems through an annual public tendering process conducted by the PLA Health Department. The PLA hospital system is the largest centrally- administered hospital network in China, comprising nearly 200 institutions.
Chindex CEO Roberta Lipson commented from Beijing, "Chindex has been providing top tier Western medical technologies to the PLA hospital system for more than 25 years. The award of this large procurement tender is evidence of both Chindex's long history as an excellent supplier and service provider to the PLA hospital system, as well as to the continued high-quality of the Siemens color ultrasound products, for which Chindex is the exclusive national distributor in China. Many hospitals in China look to the PLA's procurement decisions when developing their own purchasing plans, so the opportunity to further capitalize on this contract award is great."
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-five years of experience, more than 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, www.chindex.com and 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, 2007, 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.
Contact: Lawrence Pemble
Judy Zakreski
Chindex International, Inc.
(301) 215-7777
