BETHESDA, Md., March 16, 2011 /PRNewswire-Asia/ -- Chindex International, Inc. ("Chindex") (Nasdaq: CHDX), an American health care company providing health care services in China through the operations of United Family Healthcare (UFH), a network of private primary care hospitals and affiliated ambulatory clinics, today announced that UFH has initiated two new development projects designed to add more than 125 beds to the hospital network. Tianjin United Family Hospital and United Family Rehabilitation Center in Beijing are the latest new development projects initiated by UFH. When added to the existing expansion projects, including the soon to be completed expansion of the United Family flagship hospital in Beijing and the Guangzhou Hospital in development, the UFH network would more than quadruple its patient capacity over the next three years.
Roberta Lipson, Chindex Chief Executive Officer and United Family Healthcare Chair, said, "We are very proud to announce these two new development projects, which accelerate our plans to bring our premium level of care and the latest service models to the growing number of people throughout China seeking better health care options. With the expanded Beijing United Family Hospital this year, the new United Family Rehabilitation Center, new inpatient hospitals in Tianjin and Guangzhou, and a new dental clinic and expanded in-patient offerings in Shanghai, we are primed to meet the needs of those seeking the very best in private health care in China."
The 25 bed, 75,000 square foot Tianjin United Family Hospital, scheduled to open this Summer, will provide a range of services for patients, including primary care medicine, obstetrics, gynecology, pediatrics and surgery, as well as infertility support for hopeful parents in that city. The United Family Rehabilitation Center in Beijing, scheduled to see patients in mid 2012, is a new 100+ bed, 162,000 square foot facility adjacent to a large park in east Beijing and would fill an existing void in China's health care system for those seeking quality premium care when recovering from surgeries or debilitating illnesses in the neurological, cardiac and orthopedic areas.
More information and updates about all United Family Healthcare projects can be found at the group's website at www.ufh.com.cn.
About Chindex International, Inc.
Chindex is an American health care company providing health care services in China through the operations of United Family Healthcare, a network of private primary care hospitals and affiliated ambulatory clinics. United Family Healthcare currently operates in Beijing, Shanghai and Guangzhou. The Company also provides medical capital equipment and products through Chindex Medical Limited, a joint venture company with manufacturing and distribution businesses serving both domestic China and export markets. With thirty years of experience, the Company's strategy is to continue its growth as a leading integrated health care provider in the Greater China region. Further company information may be found at the Company's website at http://www.chindex.com and http://www.ufh.com.cn.
Forward- Looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In addition, we or our representatives have made or continue to make forward-looking statements, orally or in writing, in other contexts. These forward-looking statements generally can be identified by the use of terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe" or "continue" and similar expressions, or as other statements that do not relate solely to historical facts. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict or quantify. Management believes these statements to be reasonable when made. However, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In view of such uncertainties, investors should not place undue reliance on our forward-looking statements. Such forward-looking statements involve known and unknown risks, including, but not limited to, those identified in "Risk Factors" in the Company's filings with the SEC, to which we refer you. These risks also include without limitation that there can be no assurances that the Company will complete the referenced or any ongoing projects on the projected timetable or at all in light of required financing, approvals and other conditions precedent nor that if they are completed they will meet performance expectations.
