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Chindex International, Inc. Reports Financial Results for the Second Quarter and First Half of 2012
Date:8/6/2012

BETHESDA, Md., Aug. 6, 2012 /PRNewswire-Asia/ -- Chindex International, Inc. (NASDAQ: CHDX), an American health care company providing health care services in China through the operations of United Family Healthcare, a network of private primary care hospitals and affiliated ambulatory clinics, today announced financial results for the second quarter and first half of 2012 ended June 30, 2012.

Second Quarter 2012 Financial Highlights

  • Revenue from healthcare services increased 33% to $39.1 million from $29.5 million in the prior year period.
  • Adjusted EBITDA rose by 33% to $7.7 million, from Adjusted EBITDA of $5.8 million in the prior year period.
  • Income from operations was $3.4 million, unchanged from the prior year period.
  • Net income was $1.8 million, or $0.11 per diluted share, compared to net income of $2.9 million, or $0.17 per diluted share, in the prior year period.
  • Development, pre-opening and start-up expense was $2.5 million compared to $1.2 million in the prior year period.
  • Roberta Lipson, President and CEO of Chindex, commented, "We are pleased that we recorded outstanding top-line results for the second quarter as revenue grew 33% year-over-year to nearly $40 million. Contributions came mainly from our existing and newly expanded facilities and our ongoing geographic expansion. Adjusted EBITDA in the quarter reached $7.7 million, representing a 20% margin. Both revenue and adjusted EBITDA exceeded the Company's previously-announced guidance. As expected, our GAAP bottom-line was again impacted by significant development expenses, which for the second quarter amounted to $2.5 million, plus a provision for income tax of $1.7 million, as we continue to expand and ramp up operations in Beijing and Tianjin."

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    SOURCE Chindex International, Inc.
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