ADVISORY, April 9, 2014 (GLOBE NEWSWIRE) --
iKang Healthcare Group, Inc. [KANG], the largest provider in China's fast growing private preventive healthcare services market, will visit the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on The NASDAQ Stock Market today, April 9.
In honor of the occasion, Ligang Zhang, Chairman & Chief Executive Officer will ring the Opening Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Wednesday, April 9, 2014 – 9:15 a.m. to 9:30 a.m. ET
iKang Healthcare Group, Inc. Media Contact:
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About iKang Healthcare Group, Inc. [KANG]:
iKang Healthcare Group, Inc. ("iKang") is the largest provider in China's fast growing private preventive healthcare services market, accounting for approximately 12.3% of market share in terms of revenue in 2013.
Through iKang's integrated service platform and established nationwide network of medical centers and third-party service provider facilities, the Company provides comprehensive and high quality preventive healthcare solutions including a wide range of medical examinations services and value-added services including disease screening and other services. iKang's customers are primarily corporate customers who contract the Company to provide medical examination services to their employees and clients and pay for these services at pre-negotiated prices. iKang also directly markets its services to individual customers. In fiscal year ended 31 March 2013, the Company delivered its services to approximately 1.9 million individuals in total.
As of March 25, 2014, iKang's nationwide network consisted of 45 self-owned medical centers covering 15 of the most affluent cities in China, namely Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Tianjin, Nanjing, Suzhou, Hangzhou, Chengdu, Fuzhou, Changchun, Jiangyin, Changzhou and Hong Kong. The Company has also supplemented its self-owned medical center network by contracting with approximately 300 third-party service provider facilities which include selected independent medical examination centers and hospitals across all of China's provinces, creating a nationwide network that allows iKang to serve its customers in markets where it does not have self-owned medical centers.
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