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Chindex International, Inc. Reports Third Quarter FY 2009 Financial Results
Date:2/9/2009

BETHESDA, Md., Feb. 9 /PRNewswire-Asia/ -- Chindex International, Inc. (Nasdaq: CHDX), a leading independent American provider of Western healthcare products and services in the People's Republic of China, today announced financial results for the third quarter of fiscal year 2009.

Revenue in the third quarter of fiscal year 2009 increased 16% to $41.6 million from $36.0 million in the third quarter of fiscal year 2008. Revenue from the healthcare services division increased 16% to $20.5 million from $17.7 million in the third quarter of fiscal year 2008, and revenue from the medical products division increased 15% to $21.1 million from $18.3 million in the prior year period. Revenue performance reflects growth in inpatient and outpatient revenues in the hospital division and increasing demand for medical equipment products and services, partially offset by delays in openings of new clinics in Shanghai and Guangzhou as well as the delay until the fourth quarter in the recognition of revenue for certain medical equipment shipped as part of a development bank equipment supply contract.

During the quarter, the Company recorded income from operations of $1.9 million, compared to income from operations of $3.9 million in the same quarter last year. Total operating costs and expenses for the third quarter of fiscal year 2009 increased 24% to $39.7 million as compared with $32.1 million in the prior period. Increased operating costs reflect $662,000 of development and startup expenses for new clinics, as well as costs for the renewal of multi-year physician contracts, additional medical personnel in our Beijing and Shanghai hospitals, increased direct patient care costs and increased medical products selling activities.

Roberta Lipson, President and CEO of Chindex, commented, "We made substantial progress
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SOURCE Chindex International, Inc.
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