iKang Schedules 2016 Unaudited First Quarter Earnings Release on August 31, 2016
August 22 2016 - 7:00AM
iKang Healthcare Group, Inc. (“iKang” or the “Company”)
(Nasdaq:KANG), China’s largest private preventive healthcare
services provider, today announced that it will release its
unaudited financial results for the first quarter ended June 30,
2016 on August 31, 2016 after the US market closes.
The earnings press release will be available on
the investor relations page at http://ir.ikang.com.
About iKang Healthcare Group,
Inc.
iKang Healthcare Group, Inc. is the largest
provider in China’s fast growing private preventive healthcare
services market, accounting for approximately 13.6% of market share
in terms of revenue in calendar year 2014.
Through iKang’s integrated service platform and
established nationwide network of medical centers and third-party
service provider facilities, the Company provides comprehensive and
high quality preventive healthcare solutions, including a wide
range of medical examinations services and value-added services
including disease screening and other services. iKang’s customers
are primarily corporate customers who contract with the Company to
provide medical examination services to their employees and
clients, and pay for these services at pre-negotiated prices. iKang
also directly markets its services to individual customers. In the
fiscal year ended March 31, 2016, the Company served a total of 4.6
million customer visits under both corporate and individual
programs.
As of August 22, 2016, iKang’s nationwide
network consisted of 92(1) self-owned medical centers covering 27
of the most affluent cities in China, namely Beijing, Shanghai,
Guangzhou, Shenzhen, Chongqing, Tianjin, Nanjing, Suzhou, Hangzhou,
Chengdu, Fuzhou, Changchun, Jiangyin, Changzhou, Wuhan, Changsha,
Yantai, Yinchuan, Weihai, Weifang, Shenyang, Xi’an, Wuhu, Guiyang,
Ningbo and Foshan as well as Hong Kong. The Company has also
supplemented its self-owned medical center network by contracting
with approximately 400 third-party service provider facilities in
over 150 cities, which include selected independent medical
examination centers and hospitals across all of China’s provinces,
creating a nationwide network that allows iKang to serve its
customers in markets where it does not have self-owned medical
centers.
(1) Among the 92 self-owned medical centers, two
medical centers are currently operated primarily by the minority
shareholders of these medical centers or their parent company.
Forward-looking Statements
This press release contains forward-looking
statements. These statements, including management quotes and
business outlook, are made under the “safe harbor” provisions of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
”will,” "estimate," "project," "predict," "believe," "expect,"
"anticipate," "intend," "potential," "plan," "goal" and similar
statements. iKang may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Such statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in the forward-looking statements.
These forward-looking statements include, but are not limited to,
statements about: the Company’s goals and strategies; its future
business development, financial condition and results of
operations; its ability to retain and grow its customer base and
network of medical centers; the growth of, and trends in, the
markets for its services in China; the demand for and market
acceptance of its brand and services; competition in its industry
in China; relevant government policies and regulations relating to
the corporate structure, business and industry; fluctuations in
general economic and business conditions in China. Further
information regarding these and other risks is included in iKang’s
filing with the Securities and Exchange Commission. iKang
undertakes no duty to update any forward-looking statement as a
result of new information, future events or otherwise, except as
required under applicable law.
IR Contact:
iKang Healthcare Group, Inc.
Christy Xie
Director of Investor Relations
Tel: +86 10 5320 8599
Email: ir@ikang.com
Website: www.ikanggroup.com
FleishmanHillard
Ruby Yim
Email: ikang@fleishman.com
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