Alliance HealthCare Services acquires 24/7 Radiology

Alliance HealthCare Services, Inc. (NYSE:AIQ) (the "Company" or "Alliance"), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced the acquisition of 24/7 Radiology, a professional radiology services company, which provides both preliminary and final professional radiology interpretation services for MRI, CT, ultrasound, X-Ray and other imaging modalities in 18 states. The purchase price totaled $5 million in cash. This acquisition expands Alliance's professional services business line, building on Alliance's prior acquisition of Radiology 24/7 during 2010.

Paul S. Viviano, Chairman of the Board and Chief Executive Officer, stated, "We are pleased to announce the acquisition of 24/7 Radiology. The addition of 24/7 Radiology combined with the acquisition of Radiology 24/7 in 2010 doubles the size of our professional radiology services to approximately $17 million in annualized revenue and enhances our professional radiology services platform to meet the broader needs of Alliance's customers."

SOURCE Alliance HealthCare Services