Alliance HealthCare commences $190 million registered exchange offer

Alliance HealthCare Services, Inc. (NYSE:AIQ), announced today that it has commenced a registered exchange offer to exchange up to $190 million aggregate principal amount of its 8.00% series B senior notes due 2016 which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for any and all of its outstanding 8.00% senior notes due 2016 which were issued in a private placement (the "Private Notes").

The sole purpose of the exchange offer is to fulfill the obligations of Alliance with respect to the registration of the Private Notes. Pursuant to a registration rights agreement entered into by Alliance in connection with the sale of the Private Notes, Alliance agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the Exchange Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for Private Notes that are tendered by the holders of those notes.

The exchange offer will expire at 5:00 p.m., New York City time, on August 13, 2010, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus.