EXHIBIT 99.1

NEWS RELEASE

Contact:
Alliance HealthCare Services
Howard Aihara
Executive Vice President
Chief Financial Officer
(949) 242-5300

ALLIANCE HEALTHCARE SERVICES REPORTS FOURTH QUARTER
AND FULL YEAR 2013 RESULTS

NEWPORT BEACH, CA-March 12, 2014
-Alliance HealthCare Services, Inc. (NASDAQ:AIQ) (the “Company” or “Alliance”), a leading national provider of outsourced radiology and radiation therapy services, announced results for the fourth quarter and full year ended December 31, 2013 and provided guidance for full year 2014.

Fourth Quarter and Full Year 2013 Highlights

Fourth quarter 2013 Adjusted EBITDA increased by 1% over fourth quarter in the prior year (1) 
Continued to generate strong cash flow, with $43.3 million reduction in net debt for the year ended December 31, 2013. (2)
In the fourth quarter of 2013 Alliance generated adjusted net income per share of $0.26, after excluding loss on extinguishment of debt, impairment charges, restructuring and transaction costs, legal matter expenses and differences in the GAAP income tax rate compared to our historical income tax rate, which in aggregate impacted earnings per share by ($0.64). Earnings per share in accordance with GAAP was ($0.38) per share.
Completed a refinancing of our senior secured credit facility in June 2013, including a new term loan, and in December 2013, retired our 8% senior notes, which will save the Company approximately $17 million in cash interest on an annualized basis.

(1)
Excludes impact of rent expense related to the equipment sale/leaseback entered into in November 2012 of $0.7 million dollars.
(2)
After $19.6 million adjustment for fees paid in connection with Alliance’s debt refinancing during 2013.

Fourth Quarter and Full Year 2013 Financial Results

“We are pleased to close 2013 with another solid quarter of operating results and positive momentum as we continue to execute against our long-term strategic growth plan,” stated Tom Tomlinson, Chief Executive Officer and President of Alliance HealthCare Services. “The hard work and dedication of the entire Alliance team was the cornerstone of our success in 2013, as the effective implementation of our cost savings improvements and enhanced efficiency translated into year-over-year Adjusted EBITDA growth. This cost discipline has become a key component of our performance-based culture and we will continue to drive and expand these efforts. In addition, our strong cash generation allowed us to amend our term loan, leaving us well-positioned to execute our long-term strategy to achieve sustainable growth and profitability.”


Tomlinson continued, “We are excited to shift into the transformation element of our strategy, building towards our goal of being the indispensable partner of choice to our hospital customers, and delivering value across our radiology and radiation therapy service lines. We are entering into agreements in a more consultative role, helping healthcare providers identify and execute on strategies to improve their operating models and efficiencies, gain market share, and improve results in their acute care setting. We believe this broader and deeper value-added

1

The following information was filed by Alliance Healthcare Services, Inc (AIQ) on Thursday, March 13, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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