|
|
Chindex
United Family Hospitals and Clinics
Launches
First-Ever PPO Health Insurance Plan in China
Product
Designed for Local Chinese Market |
|
BETHESDA,
MARYLAND - September 28, 2006 - Chindex International, Inc.
(NASDAQ: CHDX), an independent American provider of Western healthcare
services and products in the People's Republic of China announced
the launch of the first ever premium service commercial health insurance
product for Chinese nationals in China by its Healthcare Services
division which operates the Company's United Family Hospital (UFH)
network of private healthcare facilities.
The
program was developed in conjunction with the FESCO IB Insurance Brokerage
Company Ltd (FESCO IB), the insurance brokerage arm of the well-known
Chinese company, FESCO (Foreign Enterprise Service Corporation). The
product is approved by the China Insurance Regulatory Commission,
with Chinese currency settlement in mainland China. It provides coverage
worldwide. Chindex and FESCO IB will jointly market the product initially
to targeted market segments in Beijing and Shanghai.
The
plan is the first PPO (preferred provider organization) health insurance
plan in China. The United Family Hospitals & Clinics network,
with its five locations in Beijing and Shanghai, is the preferred
medical service provider for the plan.
"United
Family Hospitals and Clinics have become the trusted providers and
pioneers of international healthcare in China, and we view it as our
responsibility to be innovators in all areas of healthcare delivery.
We have been working hard to bring a health insurance product to the
market which would allow Chinese people easier access to our United
Family Hospital facilities. This program with FESCO IB is the first
step," said Chindex CEO and United Family Hospital Chairman Roberta
Lipson . "We hope in the future to issue other products which
will be accessible to an even broader segment of the population in
China."
"As
a leading broker in China that is specialized in quality life and
health insurance, we are dedicated to delivering competitive insurance
solutions which will allow Chinese nationals to enjoy high level benefits
comparable to foreigners living in China," said Wang Xiaoping, CEO
of FESCO IB and a Vice President of the FESCO group of companies.
Anne
Moncure, President of United family Hospitals & Clinics stated,
"The UFH network is committed to providing the highest quality of
care in our facilities. Our healthcare network mission drives us to
finding opportunities to enhance healthcare through collaboration
and new delivery models. "
About
Chindex and United Family Hospitals and Clinics
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 five facilities in the Beijing and Shanghai metropolitan
areas. The Company sells medical products manufactured by various
major multinational companies, including Siemens AG. It also arranges
financing packages for the supply of medical products to hospitals
in China utilizing the government backed loan and loan guarantee programs.
Chindex was founded in 1981 and has operations in China, Hong Kong,
Germany and the United States. Further company information may be
found at www.chindex.com and www.unitedfamilyhostpitals.com.
About
FESCO IB
FESCO
IB Insurance Brokerage Co., Ltd. is a leading insurance brokerage
company invested by FESCO IB Group and FESCO IB HR Co. FESCO IB is
approved by the Chinese Insurance Regulatory Commission (CIRC) to
provide comprehensive, nationwide insurance brokerage services and
professional employee benefits consulting. FESCO IB delivers solutions
for life insurance, health insurance, pension programs and general
insurance for corporate customers and individuals. Based on the FESCO
brand name and its international operations, FESCO IB has built strong
relationships with many domestic insurers and well known international
companies.
FESCO
was the first and the largest human resource service providers in
China. Over the past 27 years, it has placed more than 140,000 Chinese
staff and expatriates in more than 6000 foreign owned or invested
enterprises.
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, 2006 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.
# #
#
|