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Chindex United Family Hospitals and Clinics

Launches First-Ever PPO Health Insurance Plan in China

Product Designed for Local Chinese Market

BETHESDA, MARYLAND - September 28, 2006 - Chindex International, Inc. (NASDAQ: CHDX), an independent American provider of Western healthcare services and products in the People's Republic of China announced the launch of the first ever premium service commercial health insurance product for Chinese nationals in China by its Healthcare Services division which operates the Company's United Family Hospital (UFH) network of private healthcare facilities.

 

The program was developed in conjunction with the FESCO IB Insurance Brokerage Company Ltd (FESCO IB), the insurance brokerage arm of the well-known Chinese company, FESCO (Foreign Enterprise Service Corporation). The product is approved by the China Insurance Regulatory Commission, with Chinese currency settlement in mainland China. It provides coverage worldwide. Chindex and FESCO IB will jointly market the product initially to targeted market segments in Beijing and Shanghai.

 

The plan is the first PPO (preferred provider organization) health insurance plan in China. The United Family Hospitals & Clinics network, with its five locations in Beijing and Shanghai, is the preferred medical service provider for the plan.

"United Family Hospitals and Clinics have become the trusted providers and pioneers of international healthcare in China, and we view it as our responsibility to be innovators in all areas of healthcare delivery. We have been working hard to bring a health insurance product to the market which would allow Chinese people easier access to our United Family Hospital facilities. This program with FESCO IB is the first step," said Chindex CEO and United Family Hospital Chairman Roberta Lipson . "We hope in the future to issue other products which will be accessible to an even broader segment of the population in China."

 

"As a leading broker in China that is specialized in quality life and health insurance, we are dedicated to delivering competitive insurance solutions which will allow Chinese nationals to enjoy high level benefits comparable to foreigners living in China," said Wang Xiaoping, CEO of FESCO IB and a Vice President of the FESCO group of companies.

 

Anne Moncure, President of United family Hospitals & Clinics stated, "The UFH network is committed to providing the highest quality of care in our facilities. Our healthcare network mission drives us to finding opportunities to enhance healthcare through collaboration and new delivery models. "

 

About Chindex and United Family Hospitals and Clinics

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. It provides healthcare services 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 five facilities in the Beijing and Shanghai metropolitan areas. The Company sells medical products manufactured by various major multinational companies, including Siemens AG. It also arranges financing packages for the supply of medical products to hospitals in China utilizing the government backed loan and loan guarantee programs. Chindex was founded in 1981 and has operations in China, Hong Kong, Germany and the United States. Further company information may be found at www.chindex.com and www.unitedfamilyhostpitals.com.

 

About FESCO IB

 

FESCO IB Insurance Brokerage Co., Ltd. is a leading insurance brokerage company invested by FESCO IB Group and FESCO IB HR Co. FESCO IB is approved by the Chinese Insurance Regulatory Commission (CIRC) to provide comprehensive, nationwide insurance brokerage services and professional employee benefits consulting. FESCO IB delivers solutions for life insurance, health insurance, pension programs and general insurance for corporate customers and individuals. Based on the FESCO brand name and its international operations, FESCO IB has built strong relationships with many domestic insurers and well known international companies.

 

FESCO was the first and the largest human resource service providers in China. Over the past 27 years, it has placed more than 140,000 Chinese staff and expatriates in more than 6000 foreign owned or invested enterprises.

 

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, 2006 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.

 

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