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Chindex International, Inc. Signs Contract for First Exim-Sponsored Medical Equipment Sale in China Under New Exim-MOF Framework

2007-08-06 10:07 811

BETHESDA, Md., Aug. 3 /Xinhua-PRNewswire/ -- Chindex International, Inc. (Nasdaq: CHDX), an independent American provider of international healthcare services and Western healthcare products in the People's Republic of China, today announced that it has signed a $5.2 million contract for the sale of medical equipment to be purchased using a loan which is being processed under the new Framework Agreement between the Export-Import Bank of the United States ("Exim") and the Ministry of Finance of the People's Republic of China ("MOF"). The contract was signed yesterday in China with Instrimpex International Tendering Company and Liaocheng People's Hospital.

Roberta Lipson, President and CEO of Chindex, commented from Beijing: "We are thrilled to finally be moving ahead with a contract under the new Exim-MOF framework, as this represents a new wave of opportunity for Chindex that had been unavailable for several years. The demand for U.S. Government-sponsored financing by Chinese hospitals has pent up while the bilateral government-to- government negotiations were concluded, and then followed by a series of implementing regulations and commercial bank negotiations, which were only recently finalized. We expect to see more contracts processed under this Framework in the coming months as this demand begins to be satisfied, and in fact we have a number of potential projects moving through various stages of final approvals and preparation for tendering."

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 Healthcare network of private primary care hospitals and affiliated ambulatory clinics in China. The Company's healthcare 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, 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, 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, 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

Source: Chindex International, Inc.
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