German KfW Development Bank-Financed Project Will Bring EUR5 Million in Revenue
BETHESDA, Md., Aug. 19 /PRNewswire-Asia/ -- Chindex International, Inc.
('Chindex') (Nasdaq: CHDX), a leading independent American provider of Western
healthcare products and services in the People's Republic of China, today
announced that it has entered into a contract to supply EUR5 million in
laboratory and hospital products to Centers for Disease Control in China's
Qinghai Province. The purchase is being financed by the KfW Development Bank
of Germany under a government to government program. The signing ceremony was
held today in Beijing and the contract is expected to ship during the current
fiscal year.
Roberta Lipson, Chindex President and CEO, commented, 'Chindex continues
to be a key supplier under the KfW program's Centers for Disease Control
efforts in China. We are pleased to once again be implementing another KfW
program, utilizing the expertise that we have developed in
government-sponsored loan projects, to provide an increasingly diversified and
robust array of medical and laboratory products to China's healthcare
communities.'
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. Healthcare services are
provided 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 Beijing, Shanghai,
Guangzhou and Wuxi. The Company sells medical products manufactured by various
major multinational companies, including Siemens AG and Intuitive Surgical,
for which the Company is the exclusive distribution partner for the sale and
servicing of color 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.
