Chindex Announces Agreement With Hudson RCI; Focuses on Growth of Critical Care Product Offerings to Hospital Markets.Business Editors/Health & Medical Writers BETHESDA, Md.--(BUSINESS WIRE)--March 22, 2000 Chindex International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CHDX) (U.S.-China Industrial Exchange, Inc.), the leading independent American company providing Western healthcare products and services in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, today announced it has agreed to distribute certain products of Hudson RCI RCI Royal Caribbean International RCI Radio Canada International RCI Rehabilitation Council of India RCI Residential Communities Initiative RCI Roof Consultants Institute RCI Remote Control Interface RCI Residential, Commercial, Industrial (Hudson) in China. Under the agreement announced today, Chindex will begin distribution of certain Hudson anesthesia and respiratory care products for the hospital markets in China beginning this spring. Hudson is a world leader in the development and manufacture of disposable products for the respiratory care and anesthesia markets. "We are very pleased to add Hudson to our growing product portfolio serving the OR and other critical care environments here in China," Roberta Lipson, Chindex Chairperson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented in Beijing. "Chindex has established itself as a leading supplier of products to critical care markets in China over the past several years. We already have a great deal of experience with this market segment through our years of work with Tyco Healthcare/Kendall. Our agreement to distribute Hudson products not only insures a seamless supply of these products to the market, but also a continuing expansion of our long term growth program." Mr. Gary Meyers, Director of International Sales and Marketing for Hudson said, "We are pleased that Chindex will be distributing these products in China. China presents a tremendous opportunity for us as a primary supplier of anesthesia and respiratory care products on a worldwide basis. We are confident our new relationship with Chindex will help ensure our ongoing success." James H. Spear, Jr., Vice President of Products Distribution for Chindex commented on the company's growth program: "Our Chindex Products Distribution business has been supplying high quality consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" products to hospitals throughout China for several years now. We currently utilize a network of approximately 250 sub-dealers. Our products are used in hundreds of hospitals every day. We have focused our expansion in the areas of critical care and interventional cardiology interventional cardiology Cardiology The subspecialty of cardiology dedicated to the diagnosis, medical and mechanical therapy, pre- and post-procedure management of adult patients with acute and chronic forms of cardiovascular disease amenable to catheter-based . We expect that the product lines offered by Hudson will be a significant new addition to our overall program." Chindex is a leading American company in healthcare in the Greater Chinese marketplace including Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Macau. It provides representative and distribution services to a number of major multinational companies including Acuson (diagnostic ultrasound diagnostic ultrasound n. Use of ultrasound to obtain images for medical diagnostic purposes. scanners), Johnson & Johnson (clinical chemistry analyzers), Guidant (interventional cardiology products including stents, balloon catheters balloon catheter n. A catheter with an inflatable balloon at its tip, used especially to expand a partially obstructed blood vessel or bodily passage and to measure blood pressure in a blood vessel. Also called balloon-tip catheter. , and guide wires) and Tyco/Kendall Healthcare Products (including brands such as Davis & Geck, Sherwood, Kendall, Sheridan, and Curity). It also provides healthcare services through the operations of its private hospital corporation in China. With over eighteen years of experience, approximately 330 employees, and operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , China and Hong Kong, the Chindex strategy is to expand its cross-cultural reach by providing leading edge technologies, quality products and services to Greater China's professional communities. Further company information may be found at the Chindex website, www.chindex.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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