Alliance HealthCare Services Announces Proposed Private Offering of $200 Million of Senior Notes

NEWPORT BEACH, Calif.--(Business Wire)--
Alliance HealthCare Services, Inc. ("Alliance") (NYSE: AIQ) announced today that
it intends to offer, subject to market and other conditions, $200 million
aggregate principal amount of seven-year senior notes in a private offering.
Alliance also intends to negotiate and enter into a new senior secured credit
agreement with a syndicate of lenders. Alliance expects that the new senior
secured credit agreement will include a $450 million term loan with a 6½-year
maturity, and a $120 million revolving facility with a five-year maturity.

Alliance intends to use the net proceeds of the offering, together with the
proceeds from the term loan under the new senior secured credit agreement, to
finance the purchase of Alliance`s outstanding $300.0 million aggregate
principal amount of 7¼% Senior Subordinated Notes due 2012 pursuant to a tender
offer and consent solicitation commenced today. Alliance expects to use the
remaining proceeds from the offering and borrowings under the new senior secured
credit agreement, together with cash on hand, to refinance Alliance`s existing
credit agreement and pay fees and expenses related to the issuance and sale of
the notes, the new credit agreement, and the tender offer and consent
solicitation.

The notes have not been registered under the Securities Act of 1933, as amended
(the "Act") or the securities laws of any other jurisdiction, and are being
offered and sold in the United States only to qualified institutional buyers in
reliance on Rule 144A under the Act and to certain non-U.S. persons in
transactions outside the United States in reliance on Regulation S under the
Act. Prospective purchasers that are qualified institutional buyers are hereby
notified that the seller of the notes may be relying on the exemption from the
provisions of Section 5 of the Act provided by Rule 144A.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state.

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 offer and sale of the notes, the execution of the
new senior secured credit agreement, the refinancing of the existing credit
agreement and the tender offer and consent solicitation are completed, 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

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