- Clinic Expected to Provide a Gateway to the Profitable Guangzhou Market -
BETHESDA, Md., Oct. 7 /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 today that United Family Healthcare (UFH) made its entry into the Southern China market with the receipt of the healthcare practice license for its new Guangzhou United Family Health Center.
Patient care at the clinic is expected to commence this week, with the first patients scheduled to arrive on Wednesday, October 8. The Company will hold an official ribbon-cutting ceremony to mark this momentous opening on October 21.
Chindex CEO Roberta Lipson commented, "Guangzhou is a vibrant city of over ten million people. Its sizeable international business community has fostered phenomenal economic growth. We expect the clinic to appeal to local Chinese and expatriate professionals employed at one of the many multi-national enterprises in the area and in the local business community. As one of the fastest growing cities in China - GDP grew at 14.5% last year - Guangzhou is ready to embrace a new standard of healthcare."
Lipson continued, "The Guangzhou Clinic will spearhead a model of evidence-based integrative medicine which merges the best of Western healthcare with the best of Traditional Chinese Medicine (TCM). Market research has shown an especially large demand for TCM services in South China and a growing demand for integrated services in China as a whole. The opening of the Guangzhou outpatient facility is an important step in our long-term expansion plan to open hospitals and clinics in the fastest growing major cities of the People’s Republic of China. This event fulfills our plan to gain brand recognition and build demand in anticipation for the opening of Guangzhou United Family Hospital in 2010."
Clinical services at the Guangzhou facility will include Family Medicine, Pediatrics, Internal Medicine provided by a dedicated international staff, and a variety of Specialty Medicine services including Cardiology, Dermatology, Dentistry, ENT, General Surgery, Gynecology, Orthopedics, Ophthalmology, and other sub-specialists provided through an affiliation with a Chinese teaching hospital.
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 and Intuitive Surgical, which are the Company’s exclusive distribution partners for the sale and servicing of color doppler 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-seven years of experience, approximately 1,200 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 .
Safe Harbor Statement
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, 2008, 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.
