Alliance HealthCare Services provides financial guidance for full-year 2010

Alliance HealthCare Services, Inc. (NYSE:AIQ) (the “Company” or “Alliance”), a leading national provider of outpatient diagnostic imaging and radiation therapy services, reaffirmed 2009 guidance and announced financial guidance for full year 2010.

Full Year 2009 Guidance

The Company reaffirms its revenue and Adjusted EBITDA guidance for full year 2009. Full year 2009 revenue is expected to range from $503 million to $518 million and Adjusted EBITDA is expected to range from $177 million to $192 million.

Full Year 2010 Guidance

For full year 2010, the Company expects revenue to range from $470 million to $500 million and Adjusted EBITDA, as detailed below, is expected to range from $155 million to $180 million.

Paul S. Viviano, Chairman of the Board and Chief Executive Officer, stated, “Alliance HealthCare Services is looking forward to the continued implementation of our strategic initiatives in 2010, and our continued investment in the development of new fixed-site imaging centers and radiation oncology centers will augment our national leading shared service PET/CT and MRI clinical service lines.”

Alliance expects 2010 cash capital expenditures to total approximately $65 million to $75 million. The Company expects to open 20 to 25 fixed-site imaging centers and expects to open five to eight radiation therapy centers in 2010.

In 2010, the Company expects a decrease in long-term debt, net of the change in cash and cash equivalents, of $30 million to $50 million.

The Company’s income tax rate for 2010 is expected to total approximately 42% to 43% of pretax income.

Alliance’s weighted average shares of common stock and common stock equivalents outstanding for 2010 is expected to total approximately 53 million shares.