Chindex International Enhances Medical Product Offering, Vital Images to Expand Presence in China
BETHESDA, Md. and MINNEAPOLIS, June 17 /PRNewswire-Asia/ -- Chindex International, Inc. ("Chindex") (Nasdaq: CHDX), a leading independent American provider of Western healthcare products and services in the People's Republic of China, and Vital Images, Inc. (Nasdaq: VTAL), a leading provider of advanced visualization and analysis software, today announced an agreement to sell Vital Images' software as part of the Chindex medical product portfolio in China. Vital Images' software is approved by China's State Food and Drug Administration for sale in China, and will be marketed by Chindex to hospitals throughout the country.
Chindex provides healthcare services and medical products to China-based hospitals and clinics, including more than 750 Level 1 trauma centers. Vital Images is a leading provider of advanced visualization and analysis software solutions employed by radiologists, cardiologists, oncologists, and other medical specialists to create 2D, 3D and 4D images of human anatomy from CT and MR image data.
Roberta Lipson, president and chief executive officer of Chindex, stated, "Today's announcement is one more step in our strategy to drive long-term growth through enhancing our industry-leading medical product offering. We are very pleased to include Vital Images' advanced visualization solution in our product suite. Over our 28-year history in China, Chindex has installed top-quality medical equipment in over 3,000 hospitals throughout China and Hong Kong and many of these hospitals are repeat customers. We welcome the opportunity to offer Vital Images' advanced visualization software to our existing customer base, as well as to leverage this new supplier partnership to bring our products and excellent technical services to an even greater number of hospitals and healthcare facilities throughout the country."
Michael H. Carrel, president and chief executive officer of Vital Images, stated, "We are very excited about being Chindex's preferred advanced visualization solution provider and we are proud to be included in their product portfolio alongside other industry leaders. I believe we nicely complement their existing enterprise medical solutions and can work together to deliver advanced visualization products to China's nascent healthcare imaging market. This important milestone enables us to expand our reach and impact patient care on a broader level."
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. Healthcare services are provided 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 Beijing, Shanghai, Guangzhou and Wuxi. The Company sells medical products manufactured by various major multinational companies, including Siemens AG and Intuitive Surgical, for which the Company is the exclusive distribution partner for the sale and servicing of color ultrasound systems and surgical robotic systems respectively. 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-eight years of experience, approximately 1,300 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 .
Forward-Looking Statements
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, 2009, updates and additions to those "Risk Factors" in our interim reports on Form 10-Q, Forms 8-K 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.
About Vital Images, Inc.
Vital Images, Inc., established in 1988 and headquartered in Minneapolis, is a leading provider of advanced visualization software solutions. The company's technology gives radiologists, cardiologists, oncologists and other medical specialists, time-saving productivity and communications tools that can be accessed throughout the enterprise and via the Web for easy use in the day-to-day practice of medicine. Vital Images also has offices in Europe and Asia. For more information, visit http://www.vitalimages.com .
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by that Act. These statements involve risks and uncertainties which could cause results to differ materially from those projected, including but not limited to dependence on market growth, challenges associated with international expansion, the ability to predict product, customer and geographic sales mix, regulatory approvals, the timely introduction, availability and acceptance of new products, the impact of competitive products and pricing, dependence on major customers, the ability to successfully manage operating costs, fluctuations in quarterly results, approval of products for reimbursement and the level of reimbursement, general economic conditions and other factors detailed from time to time in Vital Images' SEC reports, including its annual report on Form 10-K for the year ended December 31, 2008. Vital Images encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the
forward-looking statements contained in this release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this release. The forward-looking statements made in this release are made only as of the date of this release, and the company undertakes no obligation to update them to reflect subsequent events or circumstances.
