Alliance HealthCare Services Announces Tender Offer and Consent Solicitation for Its 7¼% Senior Subordinated Notes Due 2012

NEWPORT BEACH, Calif.--(Business Wire)--
Alliance HealthCare Services, Inc. ("Alliance") (NYSE: AIQ) announced today that
it commenced a cash tender offer for any and all of its outstanding 7¼% Senior
Subordinated Notes due 2012 (the "notes"). In connection with the tender offer,
Alliance is soliciting holders to consent to proposed amendments to the
indentures governing the notes, which will eliminate substantially all of the
restrictive covenants and certain other provisions.

The tender offer will expire at midnight, New York City time, on Thursday,
December 10, 2009, unless extended or terminated (such date and time, including
any such extension, the "Expiration Date"). Holders who validly tender and do
not validly withdraw their notes and validly deliver and do not validly revoke
their consents on or prior to the Expiration Date will be entitled to receive
$1,001.25 for each $1,000 principal amount of notes tendered by the holder (the
"Tender Offer Consideration").

Holders who validly tender their notes and validly deliver their consents on or
prior to 5:00 p.m., New York City time, on Wednesday, November 25, 2009, unless
extended (such date and time, including extensions, the "Consent Date"), and do
not validly withdraw their notes and validly revoke their consents on or prior
to the Consent Date will be entitled to receive $1,002.50 for each $1,000
principal amount of notes tendered by the holder, which includes a consent
payment (the "Consent Payment") of $1.25 per $1,000 principal amount of notes
(the date of such payment, the "early settlement date"). Holders tendering after
the Consent Date will only be eligible to receive the Tender Offer Consideration
and not the Consent Payment (the date of such payment, the "final settlement
date").

Holders who validly tender and do not validly withdraw their notes in the tender
offer will also be paid accrued and unpaid interest from the last interest
payment date to, but not including, the applicable settlement date, payable on
the applicable settlement date. All payments will be made on the applicable
settlement date if, but only if, the notes are accepted for payment pursuant to
the terms of the tender offer. The terms and conditions of the tender offer and
consent solicitation, including the conditions to Alliance`s obligation to
accept the notes tendered and pay the purchase price therefor, are set forth in
Alliance`s Offer to Purchase and Consent Solicitation Statement dated November
12, 2009. Alliance may amend, extend or terminate the tender offer and consent
solicitation.

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).

This press release shall not constitute an offer or solicitation to purchase or
a solicitation of consents with respect to any securities. Any such offer or
solicitation will be made only by means of the Offer to Purchase and Consent
Solicitation Statement dated November 12, 2009.

Forward-Looking Statements

This news release contains "forward-looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Act.
Forward-looking statements reflect current expectations and projections about
future events, and thus involve uncertainty and risk. It is possible that future
events, including whether the tender offer and consent solicitation are
completed on the terms specified or at all, may differ from expectations due to
a variety of risks and other factors such as those described in Alliance`s
Annual Report on Form 10-K for the year ended December 31, 2008, as updated by
subsequent Quarterly Reports on Form 10-Q, as filed with the U.S. Securities and
Exchange Commission. It is not possible to foresee or identify all such factors.
Any forward-looking statements in this news release are based on certain
assumptions and analyses made in light of Alliance`s experience and perception
of historical trends, current conditions, expected future developments, and
other factors it believes are appropriate in the circumstances. Forward-looking
statements are not a guarantee of future performance and actual results or
developments may differ materially from expectations. Alliance does not intend
to update any particular forward-looking statements contained in this news
release.

Alliance HealthCare Services, Inc.
Howard Aihara, 949-242-5300
Executive Vice President and Chief Financial Officer
www.alliancehealthcareservices-us.com

Copyright Business Wire 2009