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Chindex International, Inc. Provides Guidance for the Full Year of 2012
Date:1/9/2012

chieving an adjusted EBITDA margin in the mid-teens. With our established leading position in premium healthcare services, as well as the expected ramp-up of our new development projects, we are confident that 2012 will be an exciting year for Chindex."

Lawrence Pemble, Chief Operating Officer of Chindex, added, "We also remain focused on helping shareholders better evaluate our progress by providing consistent updates on important operating metrics. As a U.S.-listed company, we recognize the importance of transparency and providing shareholders insight to better communicate our progress and initiatives to best capitalize on China's high opportunity but also high volatility healthcare market. Overall, we want to stress the importance of evaluating Chindex's performance using our Adjusted EBITDA results."

"We also note the performance of our medical products joint venture with FosunPharma, Chindex Medical Limited. Our interest in CML yielded a significant contribution to our net income for the full year of 2011. For the full year of 2012, we expect this contribution to be more moderate due to increasing investment in market development expense. CML expects to introduce several new products including specialized robotic surgical systems and medical imaging systems over the coming year."

Non-GAAP MeasuresThe Company presents Adjusted EBITDA to better illustrate ongoing operational results. Adjusted EBITDA is defined as income (loss) before interest expense, income taxes, depreciation and amortization, and also excludes development, pre-opening and start-up expenses related to new and pending hospitals and clinics, equity in earnings (loss) income of unconsolidated affiliate, non-recurring charges for Chindex Medical Limited (CML) joint venture formation and effect of change in corporate cost allocations. The Company anticipates recurring development, pre-opening and start-up expense and notes that such expense is a basic element of the long ter
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SOURCE Chindex International, Inc.
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