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Alliance HealthCare Services Announces Strategic Affiliation with ONRAD, Inc.

  Alliance HealthCare Services Announces Strategic Affiliation with ONRAD,
  Inc.

                   Company Divests Radiology 24|7 to ONRAD

Business Wire

NEWPORT BEACH, Calif. -- December 2, 2013

Alliance HealthCare Services, Inc. (NASDAQ:AIQ), a leading national provider
of radiology and radiation therapy services, and ONRAD, Inc., a full service
radiology provider (“ONRAD”), have agreed to establish a strategic affiliation
to develop and support opportunities to further enhance access to the quality
services each company provides to its customers. Alliance will designate ONRAD
as its exclusive strategic partner for the provision of teleradiology
services, and ONRAD will designate Alliance as its exclusive strategic partner
for the provision of technical radiology services. Alliance has also sold all
of the operating assets of its subsidiary Radiology 24|7, LLC (“Radiology
24|7”) to ONRAD. Radiology 24|7 generates approximately $15 million of
annualized revenue.

“This strategic affiliation with ONRAD, coupled with the Radiology 24|7
divestiture, makes sense for all parties involved. For Alliance, we maintain a
great partnership and it allows us to focus on our core offering as we
streamline operations. ONRAD is an important partner and ideal candidate to
lead the teleradiology segment based on their knowledge and expertise. We look
forward to continuing our professional relationship, and leveraging our
combined strengths in the industry,” stated Tom Tomlinson, Chief Executive
Officer and President of Alliance HealthCare Services.

Dave Willcutts, CEO of ONRAD said, “We have built a strong partnership with
Alliance and we look forward to continuing to work with them to better assist
our patients and medical partners for many years to come.”

About Alliance HealthCare Services

Alliance HealthCare Services is a leading national provider of radiology
solutions and radiation therapy services, based upon annual revenue and number
of systems deployed. Alliance focuses on MRI, PET/CT and CT through its
Imaging division and radiation therapy through its Oncology division. With
approximately 1,800 team members committed to providing exceptional patient
care and exceeding customer expectations, Alliance provides quality clinical
services for over 1,000 hospitals and other healthcare partners in 44 states.
Alliance operates 487 diagnostic imaging and radiation therapy systems. The
Company is the nation’s largest provider of advanced diagnostic mobile imaging
services and one of the leading operators of fixed-site imaging centers, with
127 locations across the country. Alliance also operates 28 radiation therapy
centers, including 17 dedicated stereotactic radiosurgery facilities, many of
which are operated in conjunction with local community hospital partners,
providing treatment and care for cancer patients. With 17 stereotactic
radiosurgery facilities in operation, Alliance is among the leading providers
of stereotactic radiosurgery nationwide.

About ONRAD

ONRAD, Inc. is a full service radiology services provider headquartered in
Riverside, CA. As a partner to its customers, ONRAD can complement and expand
the radiology services already in place, or provide a more comprehensive
full-service solution. The company provides on-site radiology, sub-specialty
interpretations, after-hours teleradiology, RIS/PACS support, as well final
and preliminary radiology reports. All studies are read by US-based, Board
Certified radiologists. For more information, visit www.onlineradiology.com.

Contact:

Alliance HealthCare Services
Howard Aihara, 949-242-5300
Executive Vice President
Chief Financial Officer
 
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