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CHINDEX
INTERNATIONAL ANNOUNCES
FIRST
INTUITIVE SURGICAL SALE IN CHINA
The
Chinese University of Hong Kong 's Jockey Club MISS Centre Becomes
First User
of
Intuitive Surgical's da Vinci® Surgical System
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BETHESDA,
MD (November 18, 2005) -
Chindex International, Inc. (NASDAQ: CHDX), a leading independent
American provider of western healthcare products and services in the
People's Republic of China, announced today that it has concluded
its first sale in China of the da Vinci® Surgical System, manufactured
by Intuitive Surgical (NASDAQ: ISRG), the innovator and market leader
in surgical robotics. The system was purchased by The Chinese University
of Hong Kong (CUHK) and was installed at the Prince of Wales Hospital
under the management of the CUHK Jockey Club Minimally Invasive Surgical
Skills (MISS) Centre, one of the comprehensive multi-disciplinary
surgical skills centers in the Asia Pacific region.
Roberta
Lipson, Chindex President and CEO, commented from Beijing, "We
are very excited about this first sale of a da Vinci® Surgical
System in Hong Kong, in particular because the CUHK Jockey Club MISS
Centre will be such a high profile player and innovator in minimally
invasive surgical procedures. The addition of this system to the Centre's
state-of-the-art facility will both advance the quality of healthcare
in the region as well as provide an opportunity to increase exposure
to this exciting technology to surgeons throughout China."
Intuitive
Surgical's Senior Vice President of Sales, Jerry McNamara, said: "We
believe that the China market is ready to move to the next level of
minimally invasive surgery with Intuitive Surgical's da Vinci®
Surgical System, and are pleased that our partner, Chindex, is off
to a good start with this system placement at The Chinese University
of Hong Kong."
Professor
Andrew Van Hasselt, Chairman of the Executive Board for The CUHK Jockey
Club MISS Centre expressed his delight about being the first China
installation of the da Vinci® Surgical System, "The mission
of the Centre is to overcome the acknowledged drawbacks of traditional
training methods in surgery by developing advanced training systems
offering MIS techniques facilitated by virtual reality, robotic surgery
and multimedia applications for training and education. The da Vinci®
Surgical System will become a centerpiece in our facility."
About
Chindex International, Inc.
Chindex
is an American healthcare company supplying both medical equipment
and healthcare services to the Chinese marketplace, including Hong
Kong. It sells medical equipment produced by a number of major multinational
companies including Siemens AG as its exclusive distribution partner
for the sales and servicing of color doppler ultrasound systems. It
also arranges financing packages for the supply of medical equipment
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. It provides healthcare services through the operations of its
network of private primary care hospitals and affiliated ambulatory
clinics in China. With twenty-four years of experience, over 1,000
employees, and operations in the United States, China and Hong Kong,
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 www.chindex.com
and www.unitedfamilyhospitals.com
.
About
Intuitive Surgical:
Intuitive
Surgical, Inc., headquartered in Sunnyvale, California, is the global
technology leader in the rapidly emerging field of robotic-assisted,
minimally invasive surgery (MIS). Intuitive Surgical develops, manufactures
and markets robotic technologies designed to improve clinical outcomes
and help patients return more quickly to active and productive lives.
The company's mission is to extend the benefits of minimally invasive
surgery to the broadest possible base of patients. More information
is available at www.intuitivesurgical.com
and www.davinciprostatectomy.com
.
Some
of the information in this press release may contain statements regarding
future expectations, plans, prospects for performance of the Company
that constitute forward-looking statements for purposes of the safe
harbor provisions of The Private Securities Litigation Reform Act
of 1995. The Company cannot guarantee future results, levels of activity,
performance or achievements. The numbers discussed in this press release
also involve risks and uncertainties. The following factors, among
others, could cause actual results to differ materially from those
described by such statements: our ability to manage our growth and
maintain adequate controls, our ability to obtain additional financing,
the loss of services of key personnel, general market conditions including
inflation or foreign currency fluctuations, our dependence on relationships
with suppliers, the timing of our revenues and fluctuations in financial
performance, the availability to our customers of third-party financings,
product liability claims and product recalls, competition, hiring
and retaining qualified sales and service personnel, management of
inventory, relations with foreign trade corporations, dependence on
sub-distributors and dealers, completion and opening of healthcare
facilities, attracting and retaining qualified physicians and other
hospital personnel, regulatory compliance, the cost of malpractice,
our dependence on our information systems, the economic policies of
the Chinese government, the newness and undeveloped nature of the
Chinese legal system, the regulation of the conversion of Chinese
currency, future epidemics in China such as SARS or Avian Flu, the
control over our operation by insiders, continuity of relationships
and variability of financial margins with existing suppliers, our
liquidity and availability of capital resources to meet cash requirements,
including capital expenditures and bid and performance bonds, and
those other factors contained in the section titled "Risk Factors"
as set forth in the Company's Registration Statement on Form S-3 (File
No. 333-114996) filed with the Securities and Exchange Commission,
as well as other documents that may be filed by the Company from time
to time with the Securities and Exchange Commission. The forward-looking
statements and numbers contained herein represent the judgment of
the Company, as of the date of this press release, and the Company
disclaims any intent or obligation to update such forward-looking
statements to reflect any change in the Company's expectations with
regard thereto or any change in events, conditions, or circumstances
on which such statements are based.
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