|
|
CHINDEX
INTERNATIONAL, INC.
SIGNS
CONTRACT FOR FIRST EXIM-SPONSORED MEDICAL EQUIPMENT SALE
IN
CHINA UNDER NEW EXIM-MOF
FRAMEWORK
|
|
BETHESDA,
MARYLAND -- August 3, 2007 - 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, www.chindex.com
and 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.
#
# # #
|