Alliance HealthCare Services receives tenders and consents prior to the Consent Date

Alliance HealthCare Services, Inc. (NYSE: AIQ), announced today that it has received tenders and consents on or prior to 5:00 p.m., New York City time on November 25, 2009 (the “Consent Date”) representing approximately 98.1% of the $300 million aggregate principal amount of its outstanding 7¼% Senior Subordinated Notes due 2012 (the “notes”). Alliance has received the requisite consents from holders of the notes to amend the notes and the indentures governing the notes, and has entered into supplemental indentures eliminating substantially all of the restrictive covenants and certain events of default contained in the notes and the indentures governing the notes. Consents received prior to the Consent Date are now irrevocable. The amendments will become operative upon Alliance’s acceptance for purchase of the notes tendered prior to the Consent Date, which is expected to occur on December 1, 2009. Alliance will pay for notes tendered prior to the Consent Date promptly following acceptance of such notes for purchase.

The tender offer will expire at midnight, New York City time, on Thursday, December 10, 2009, unless extended or terminated (such time and date, including any such extension, the “Expiration Date”).

Alliance has retained Deutsche Bank Securities Inc. to act as the exclusive Dealer Manager and Solicitation Agent in connection with the tender offer and consent solicitation. Questions regarding the tender offer and consent solicitation and requests for documents may be directed to Deutsche Bank Securities Inc. at (212) 250-3276 (collect) or Global Bondholder Services Corporation, the Information Agent in connection with the tender offer and consent solicitation, at (866) 470-4300 (toll free).

http://www.alliancehealthcareservices-us.com/