Chindex International Announces Exclusive Supply Agreement with China's Largest Hospital System; Siemens ACUSON Sequoia-TM- Ultrasound System Selected As Exclusive Product.Business Editors/Health/Medical Writers CHICAGO--(BUSINESS WIRE)--Dec. 18, 2003 Chindex International, Inc. (Nasdaq:CHDX), the largest independent American distributor of Western healthcare products and services in China, announced The People's Liberation Army People's Liberation Army Unified organization of China's land, sea, and air forces. It is one of the largest military forces in the world. The People's Liberation Army traces its roots to the 1927 Nanchang Uprising of the communists against the Nationalists. (PLA (Programmable Logic Array) A type of programmable logic chip (PLD) that contained arrays of programmable AND and OR gates. PLAs are no longer used. See PLD. (language, music) Pla - A high-level music programming language, written in SAIL. ) of the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China has signed an agreement today to purchase 11 ACUSON Sequoia(TM) 512 ultrasound systems manufactured by Siemens Medical Solutions Siemens Medical Solutions (Siemens Med) is a supplier to the healthcare industry, and is headquartered in Erlangen, Germany. Its U.S. division, Siemens Medical Solutions USA, Inc., is a Delaware corporation, with headquarters in Malvern, Pennsylvania. , to be installed in PLA hospitals throughout China. The agreement, which was signed by the PLA, Siemens Medical Solutions and Chindex, covers the exclusive supply of ultra-premium, whole-body, color Doppler ultrasound Doppler ultrasound An imaging technique using ultrasound that can detect moving liquids. Mentioned in: Priapism Doppler ultrasound scanners for the Chinese military The Chinese Military could refer to two things:
Signing the agreement today during a ceremony held as part of a Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
"Chindex has been providing top tier Western medical technologies to the PLA hospital system for more than 20 years. We consider the award of the contract to be a tribute to both the excellent quality of the Siemens ACUSON Sequoia ultrasound product as well as our long history of being a reliable supplier and service provider to the PLA Hospital System. We expect to ship these systems over the next few months," commented Roberta Lipson at the conclusion of the ceremony. F. Steven Feinberg, general manager of Medical Solutions for Siemens Ltd. China, noted, "Siemens Medical Solutions is committed to the development of the medical industry in China. Siemens' advanced technology and understanding of the China market's needs are the major contributors to the winning of the PLA bid. Chindex International, as the exclusive distributor for our color Doppler ultrasound products in China, shares our dedication to the China medical market and our close cooperation has resulted in the award of Siemens ultrasound products by the PLA Bidding Committee. We look forward to continuing our efforts to serve the medical needs of China." John Pavlidis, president of the Siemens Medical Solutions Ultrasound Division, says Siemens is honored to provide its exceptional medical technology solutions to such a key customer in China. "The ACUSON Sequoia platform has been the worldwide technology leader since its original launch, and continues to be the innovator in echocardiography Echocardiography Definition Echocardiography is a diagnostic test that uses ultrasound waves to create an image of the heart muscle. Ultrasound waves that rebound or echo off the heart can show the size, shape, and movement of the heart's valves and and ultrasound imaging as new features and system configurations continue to be introduced," said Pavlidis. "We believe the Sequoia 512 systems set the standard for ultrasound imaging performance and will significantly contribute to the excellent healthcare being provided by the PLA in China." The contract was awarded to Chindex for the supply of the Siemens ultrasound scanners through an annual public tendering process conducted by the PLA Health Department. The PLA hospital system is the largest centrally-administered hospital network in China, comprising nearly 200 institutions. The 11 Siemens ultrasound systems, equipped as shared service scanners, will be used by the PLA for general care and research. The Sequoia 512 system provides clinicians with maximized diagnostic information and increased exam efficiency through a high density, front-end design, and advanced acoustic imaging technologies. Lt. Colonel Ji Chunlei, one of the representatives from the PLA who signed the new agreement, added, "Chindex and Siemens have been regular and reliable suppliers to Chinese military hospitals for many years. We are happy to continue this cooperation with them. Many of the hospitals that will receive these products are repeat customers." About Chindex 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. . It provides representative and distribution services to a number of major multinational companies in the medical device industry including Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. (diagnostic color ultrasound scanners under the Acuson and Siemens brand names), Becton-Dickinson (including vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing , infusion and critical care systems), Johnson & Johnson (clinical chemistry analyzers), and Guidant (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 products including stents, balloon catheters, and guide wires). Its distribution channels to the retail pharmacy industry in China have been developed through a relationship with a major multinational cosmetics manufacturer. It also provides healthcare services through the operations of its private hospital corporation in China. With twenty-two years of experience, over 600 employees, and operations in the United States, China and Hong Kong, the Company's 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 Company's websites, www.chindex.com and www.unitedfamilyhospitals.com. About Siemens Medical Solutions Siemens Medical Solutions of Siemens AG (NYSE NYSE See: New York Stock Exchange :SI) with headquarters in Malvern, Pennsylvania and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , to help customers achieve tangible, sustainable, clinical and financial outcomes. Employing approximately 31,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.4 billion EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , orders of 7.8 billion EUR and group profit of 1.1 billion EUR for fiscal 2003. More information can be found at www.usa.siemens.com/medicalpressroom. 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 to the Company's (i) performance goals, including successful conclusion of efforts to secure government-backed financing, (ii) future events and earnings, including revenues from the Company's developmental businesses such as healthcare services, (iii) markets, including growth in demand in China for the Company's products and services, and (iv) proposed new operations, including expansion of its healthcare services business. 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. PHOTOS AVAILABLE UPON REQUEST |
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