iKang Announces Acquisition Of Three Medical Centers In Shenyang

iKang Healthcare Group, Inc. ("iKang" or the "Company")

, the largest provider in China's fast growing private preventive healthcare services market in terms of revenue in 2013, today announced the acquisition of three medical centers in Shenyang that are franchised from Ciming Checkup Group ("Shenyang Medical Center"). Upon completion of the acquisition, iKang will operate a network of 53 self-owned medical centers across China. The three medical centers span 12,000 square meters in Shenyang, the capital city of Liaoning Province. Established in 2004, Shenyang Medical Center is a leading provider of medical examination services throughout the city. Mr. Lee Ligang Zhang, Chairman and Chief Executive Officer of iKang, commented on the acquisition. "Shenyang, one of our key target cities, has the largest population in Northeast China, and the three acquired medical centers are situated in the heart of the city. These new centers will help to accelerate the expansion of iKang's nationwide network and enhance our geographic reach, which already serviced 2.7 million individuals across China in fiscal 2013." He continued, "The acquisition also amplifies our commitment to expand and strengthen our leadership position as the largest player in the preventive healthcare services market. I believe the addition of the talented medical and service teams in these centers also further enhances our best-in-class brand reputation."