Chindex International and Vital Images Sign Reseller Agreement
June 17 2009 - 9:00AM
PR Newswire (US)
Chindex International Enhances Medical Product Offering, Vital
Images to Expand Presence in China BETHESDA, Md. and MINNEAPOLIS,
June 17 /PRNewswire-Asia/ -- Chindex International, Inc.
("Chindex") (NASDAQ:CHDX), a leading independent American provider
of Western healthcare products and services in the People's
Republic of China, and Vital Images, Inc. (NASDAQ:VTAL), a leading
provider of advanced visualization and analysis software, today
announced an agreement to sell Vital Images' software as part of
the Chindex medical product portfolio in China. Vital Images'
software is approved by China's State Food and Drug Administration
for sale in China, and will be marketed by Chindex to hospitals
throughout the country. Chindex provides healthcare services and
medical products to China-based hospitals and clinics, including
more than 750 Level 1 trauma centers. Vital Images is a leading
provider of advanced visualization and analysis software solutions
employed by radiologists, cardiologists, oncologists, and other
medical specialists to create 2D, 3D and 4D images of human anatomy
from CT and MR image data. Roberta Lipson, president and chief
executive officer of Chindex, stated, "Today's announcement is one
more step in our strategy to drive long-term growth through
enhancing our industry-leading medical product offering. We are
very pleased to include Vital Images' advanced visualization
solution in our product suite. Over our 28-year history in China,
Chindex has installed top-quality medical equipment in over 3,000
hospitals throughout China and Hong Kong and many of these
hospitals are repeat customers. We welcome the opportunity to offer
Vital Images' advanced visualization software to our existing
customer base, as well as to leverage this new supplier partnership
to bring our products and excellent technical services to an even
greater number of hospitals and healthcare facilities throughout
the country." Michael H. Carrel, president and chief executive
officer of Vital Images, stated, "We are very excited about being
Chindex's preferred advanced visualization solution provider and we
are proud to be included in their product portfolio alongside other
industry leaders. I believe we nicely complement their existing
enterprise medical solutions and can work together to deliver
advanced visualization products to China's nascent healthcare
imaging market. This important milestone enables us to expand our
reach and impact patient care on a broader level." About Chindex
International, Inc. Chindex is an American healthcare company that
provides healthcare services and supplies medical capital
equipment, instrumentation and products to the Chinese marketplace,
including Hong Kong. Healthcare services are provided through the
operations of its United Family Hospitals and Clinics, a network of
private primary care hospitals and affiliated ambulatory clinics in
China. The Company's hospital network currently operates in
Beijing, Shanghai, Guangzhou and Wuxi. The Company sells medical
products manufactured by various major multinational companies,
including Siemens AG and Intuitive Surgical, for which the Company
is the exclusive distribution partner for the sale and servicing of
color ultrasound systems and surgical robotic systems respectively.
It also arranges financing packages for the supply of medical
products to hospitals in China utilizing the export loan and loan
guarantee programs of both the U.S. Export-Import Bank and the
German KfW Development Bank. With twenty-eight years of experience,
approximately 1,300 employees, and operations in China, Hong Kong,
the United States and Germany, the Company's strategy is to expand
its cross-cultural reach by providing leading edge healthcare
technologies, quality products and services to Greater China's
professional communities. Further company information may be found
at the Company's websites, http://www.chindex.com/ and
http://www.unitedfamilyhospitals.com/ . Forward-Looking Statements
Statements made in this press release relating to plans,
strategies, objectives, economic performance and trends and other
statements that are not descriptions of historical facts may be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). Forward-looking information is inherently subject
to risks and uncertainties, and actual results could differ
materially from those currently anticipated due to a number of
factors, which include, but are not limited to, the factors set
forth under the heading "Risk Factors" in our annual report on Form
10-K for the year ended March 31, 2009, updates and additions to
those "Risk Factors" in our interim reports on Form 10-Q, Forms 8-K
and in other documents filed by us with the Securities and Exchange
Commission from time to time. Forward-looking statements may be
identified by terms such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue" or
similar terms or the negative of these terms. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements. We have no obligation to
update these forward-looking statements. About Vital Images, Inc.
Vital Images, Inc., established in 1988 and headquartered in
Minneapolis, is a leading provider of advanced visualization
software solutions. The company's technology gives radiologists,
cardiologists, oncologists and other medical specialists,
time-saving productivity and communications tools that can be
accessed throughout the enterprise and via the Web for easy use in
the day-to-day practice of medicine. Vital Images also has offices
in Europe and Asia. For more information, visit
http://www.vitalimages.com/ . Forward-Looking Statements Except for
the historical information contained herein, the matters discussed
in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
are intended to enjoy the protection of the safe harbor for
forward-looking statements provided by that Act. These statements
involve risks and uncertainties which could cause results to differ
materially from those projected, including but not limited to
dependence on market growth, challenges associated with
international expansion, the ability to predict product, customer
and geographic sales mix, regulatory approvals, the timely
introduction, availability and acceptance of new products, the
impact of competitive products and pricing, dependence on major
customers, the ability to successfully manage operating costs,
fluctuations in quarterly results, approval of products for
reimbursement and the level of reimbursement, general economic
conditions and other factors detailed from time to time in Vital
Images' SEC reports, including its annual report on Form 10-K for
the year ended December 31, 2008. Vital Images encourages you to
consider all of these risks, uncertainties and other factors
carefully in evaluating the forward-looking statements contained in
this release. As a result of these matters, changes in facts,
assumptions not being realized or other circumstances, the
company's actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this release. The forward-looking statements made in this release
are made only as of the date of this release, and the company
undertakes no obligation to update them to reflect subsequent
events or circumstances. For more information, please contact: At
Vital Images: Michael H. Carrel President and Chief Executive
Officer Tel: +1-952-487-9500 Web: http://www.vitalimages.com/ At
Chindex: Ashley M. Ammon Tel: +1-203-682-8208 Web:
http://www.chindex.com/ DATASOURCE: Chindex International, Inc.
CONTACT: At Vital Images - Michael H. Carrel, President and Chief
Executive Officer, +1-952-487-9500; At Chindex - Ashley M. Ammon,
+1-203-682-8208 Web site: http://www.chindex.com/
http://www.unitedfamilyhospitals.com/ http://www.vitalimages.com/
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