Chindex brokers big China sale

July 22, 1998

American distribution service company Chindex International of Bethesda, MD, last month signed a letter of intent with China’s Ministry of Public Health for the purchase of up to $15 million of medical equipment. The agreement arises out of

American distribution service company Chindex International of Bethesda, MD, last month signed a letter of intent with China’s Ministry of Public Health for the purchase of up to $15 million of medical equipment. The agreement arises out of collaboration between China’s Ministry of Health Foreign Loan Office, its Ministry of Foreign Trade and Economic Cooperation, and its State Planning Commission, as well as the U.S. Department of Commerce and the U.S. Export-Import Bank.

The transaction depends on a loan guarantee from the U.S. Export-Import Bank. It is Chindex’s second loan project with the bank for U.S. medical equipment. In 1996, the firm provided $8.4 million worth of equipment to Chinese hospitals. The most recent deal includes ultrasound scanners from Acuson, bone densitometers from Lunar, transmyocardial revascularization lasers from PLC, cardiac catheterization imaging systems from Trex Medical/XRE, and clinical laboratory equipment from Johnson & Johnson Clinical Diagnostics and Nova Biomedical.