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Monday, February 17, 2014

TPG-led group to purchase U.S. health services provider Chindex for $369 mln, (NASDAQ: CHDX)

A group led by private equity firm TPG will purchase Chindex International Inc, a U.S. healthcare provider in China, for $369 million, Chindex said on Monday. TPG and the other buyers - an affiliate of Shanghai Fosun Pharmaceutical Group and Chindex Chief Executive Roberta Lipson - will buy all of Chindex's outstanding common shares for $19.50 per share in cash, 13.7 percent above the shares' closing price on Nasdaq on Friday.

Chindex International, Inc. (Chindex) is a health care company. Shares of CHDX traded higher by 3.0% or $0.5/share to $17.15. In the past year, the shares have traded as low as $10.66 and as high as $19.21. On average, 26753 shares of CHDX exchange hands on a given day and today's volume is recorded at 29306.