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Chindex International, Inc. Reports First Quarter 2013 Financial Results
Date:5/8/2013

BETHESDA, Md., May 8, 2013 /PRNewswire/ -- Chindex International, Inc. (NASDAQ: CHDX), 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 first quarter of 2013 ended March 31, 2013.

First Quarter 2013 Financial Highlights

  • Revenue from healthcare services increased 28% to $41.6 million from $32.5 million in the prior year period.
  • Adjusted EBITDA rose by 36% to $7.4 million from $5.5 million in the prior year period.
  • Development, pre-opening and start-up expense was $2.5 million compared to $3.2 million in the prior year period.
  • Income from operations increased 313% to $2.6 million from $625,000 in the prior year period.
  • Net loss was $62,000, or $0.00 per diluted share, compared to net loss of $531,000, or $(0.03) per diluted share, in the prior year period.
  • Roberta Lipson, President and CEO of Chindex, commented, "I'm pleased to have started 2013 with strong top-line, operating income and adjusted EBITDA growth in the first quarter. Results were primarily driven by increased patient traffic at UFH's expanded network. Our oncology, cardio and neurosurgery surgical units, while still in their early stages of development, are drawing healthy levels of patients and improving  profitability as income from operations more than tripled to $2.6 million, and adjusted EBITDA rose by 36% to $7.4 million, representing 18% adjusted EBITDA margin. We continue to experience growing patient demand for healthcare services both among Chinese nationals and expatriates reinforcing our expansion plans to meet the underserved demand for premium private healthcare s
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    SOURCE Chindex International, Inc.
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