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Chindex International, Inc. Reports Financial Results for the Three and Nine Month Period Ended December 31, 2010
Date:3/15/2011

BETHESDA, Md., March 15, 2011 /PRNewswire-Asia/ -- Chindex International, Inc. (Nasdaq: CHDX), founded in 1981, an American health care company providing health care services in China through the operations of United Family Healthcare (UFH), a network of private primary care hospitals and affiliated ambulatory clinics, today announced financial results for the three and nine month period ended December 31, 2010.

Presentation of Financial ResultsEffective on December 31, 2010, Chindex International, Inc. (Chindex) and Shanghai Fosun Pharmaceutical (Group) Co., Ltd., (FosunPharma) and certain of their respective subsidiaries, formed a joint venture created and consolidated under Chindex Medical Limited (CML), a newly-formed Hong Kong company. The former Medical Products division of Chindex and three medical device companies of FosunPharma were transferred to the joint venture. CML commenced operations effective January 1, 2011 and will engage in the manufacturing, marketing, sales and distribution of medical devices, medical equipment and consumables in China, Hong Kong and other markets. FosunPharma owns 51% and Chindex owns 49% of the CML joint venture. Consequently, going forward, the business and results of operations of the former Chindex division are deconsolidated from the Company's financial statements. In the future, the Company's 49% equity interest in the CML joint venture will be recognized using the equity method of accounting.

The financial statements presented in this press release and filed in the Transition Report on Form 10-K for the period ended December 31, 2010 present the Company's statements of operations on a consolidated basis (including both the Healthcare Services division and the former Medical Products division) and balance sheet on a deconsolidated basis (giving effect to the transfer of the Medical Products division on December 31, 2010
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