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Chindex International, Inc. Reports Financial Results for the Third Quarter and First Nine Months of 2011
Date:11/8/2011

BETHESDA, Md., Nov. 8, 2011 /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 third quarter and first nine months of 2011 ended September 30, 2011.

Third Quarter 2011 Financial Highlights

  • Revenue from healthcare services increased 23% to $28.8 million from $23.4 million in the prior year period.
  • Adjusted EBITDA rose to $4.3 million, compared to Adjusted EBITDA of $3.5 million in the prior year period.
  • Income from operations was $490,000 compared to $4.8 million in the prior year period.
  • Net income was $315,000, or $0.02 per diluted share, compared to net income of $3.2 million, or $0.20 per diluted share, in the prior year period.
  • Development, pre-opening and start-up expense was $2.4 million compared to $653,000 in the prior year period.

  • Roberta Lipson, President and CEO of Chindex, commented, "We are pleased with the strong revenue and profitability growth achieved during the third quarter of 2011. Revenue rose 23% year-over-year to $28.8 million, putting Chindex well on-track to deliver mid-teens revenue growth for the full year of 2011. Furthermore, we saw our Adjusted EBITDA grow 23% year-over-year to $4.3 million demonstrating our ability to generate strong returns for shareholders through our existing facilities."

    "We are also pleased with the progress of our hospital expansion plans, our primary focus in 2011," Ms. Lipson continued. "China's hospital services market is heavily regulated by government licensing and approval. This means that there is a certain level of volatility b
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    SOURCE Chindex International, Inc.
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