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Healthcare Company to extend unique hospital network and services to Shanghai region with the opening of its second hospital facility in China

BETHESDA, MD, (October 21, 2004) - Bethesda, Maryland - Chindex International, Inc. (NASDAQ:CHDX), a leading independent American provider of Western healthcare products distribution and healthcare services in the People's Republic of China, announced the opening of Shanghai United Family Hospital and Clinics ("Shanghai United") Chindex's second hospital in China and first in Shanghai. Based on the successfully proven model of the company's flagship Beijing United Family Hospital and Clinics, Shanghai United is a joint venture between Chindex and Changning Central District Hospital .

An official ribbon cutting ceremony was held today at the hospital in Shanghai and drew the attendance of many high level officials from China and the U.S., including His Excellency, the Ambassador Clark T. Randt, Shanghai Vice Mayor Yang Xiao Du, Shanghai Commissioner of Health Dr. Liu Jun, and Governor Robert L. Ehrlich, Jr. of the State of Maryland , as well as numerous business leaders.

Shanghai United is located in the Hongqiao area of Shanghai and will open to provide medical services during the week following the ribbon cutting ceremony.   With its 50-bed facility, Shanghai United is the first wholly international standard hospital in Shanghai that will offer a full range of inpatient and outpatient services under one roof.  The medical staff is comprised of expatriate physicians, complemented by internationally trained local specialists.  A joint membership program for the United Family Hospital network will be introduced, enabling members to have easier access to both the Shanghai and Beijing hospitals, and to receive similar benefits at both locations without the need to re-register.

Chindex President and CEO, Roberta Lipson, commented at the opening ceremony, "The opening of Shanghai United marks the next step in our strategy to expand our hospital and unique health services network.  We are honored by the guests who have joined us today to celebrate both the occasion and our aim to provide world-class facilities and services to Shanghai ."


Governor Robert Ehrlich of Maryland congratulated Chindex on its achievement, "The opening of Shanghai United demonstrates how the pioneering and successful business model of the Beijing United hospital can be brought to other cities in China.  I am very proud of how Chindex Inc., which is based in Maryland , has leveraged its vast experience in China to build a nation-wide international standard health care network."


Andrew S. Nevin, PhD, President and General Manager of Chindex's United Family Hospital division commented on the development strategy: "The United Family Hospital network is based on a national hospital administration organization and integrated clinical operations in the primary facilities.   Our strategy is for satellite feeder clinics associated with each facility to expand the geographic reach within each metropolitan area.  This system not only offers international healthcare services to the expatriate community, but extends this quality of service into the huge local Chinese market.  We believe that the system offers tremendous growth potential."


After his tour of the hospital earlier today, Dr. Liu Jun, Shanghai Commissioner of Health praised the project as a success. " I believe this project will improve the overall healthcare environment and accelerate the development of the healthcare sector in Shanghai.   I believe that Shanghai United Family Hospital will meet the high expectations of patients, healthcare professionals and the government.  This hospital will make a positive contribution to the reform of the city and its economy by improving the healthcare environment."


Similar to Chindex's Beijing United Family Hospital, Shanghai United will introduce and offer the complete spectrum of international standard inpatient and outpatient healthcare services, including 24/7 emergency services staffed by expatriate physicians; primary care (including counseling services); and pediatrics, surgery, dentistry, alternative medicine, gynecology and a Western style birthing center. 


 About Chindex International, Inc.

Chindex is an American company operating in several healthcare sectors of the Chinese marketplace, including Hong Kong .  It provides representative and distribution services to a number of major multinational companies including Siemens AG (ultrasound systems), and Guidant (interventional cardiology products including stents, balloon catheters and guide wires).  Its distribution channels to the retail pharmacy industry in China have been developed through a relationship with a major multinational cosmetics manufacturer. It also provides healthcare services through the operations of its private hospital corporation in China .  With twenty-three years of experience, over 700 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 technologies, quality products and services to Greater China's professional communities.  Further company information may be found at the Company's websites, and .



The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to the Company's (i) successful marketing and distribution of new products, (ii) performance goals, including successful conclusion of efforts to secure government-backed financing, (iii) future events and earnings, including revenues from the Company's developmental businesses such as healthcare services, (iv) markets, including growth in demand in China for the Company's products and services, and (v) proposed new operations, including expansion of its healthcare services business. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.


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