Exhibit 99.1

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NEWS RELEASE

Contact:

Alliance HealthCare Services

Howard Aihara

Executive Vice President

Chief Financial Officer

(949) 242-5300

ALLIANCE HEALTHCARE SERVICES REPORTS RESULTS

FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2010

AND REAFFIRMS FULL YEAR 2011 GUIDANCE

NEWPORT BEACH, CA—March 9, 2011

–Alliance HealthCare Services, Inc. (NYSE:AIQ) (the “Company” or “Alliance”), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced results for the fourth quarter and year ended December 31, 2010.

Fourth Quarter and Full Year 2010 Financial Results

Revenue for the fourth quarter of 2010 was $117.7 million compared to $119.5 million in the fourth quarter of 2009. For full year 2010, revenue was $478.9 million, which was within the Company’s guidance range of $470 million to $500 million. Full year 2009 revenue was $505.5 million.

Alliance’s Adjusted EBITDA (as defined below) was $35.0 million in the fourth quarter of 2010 compared to $38.2 million in the fourth quarter of 2009. For full year 2010, Adjusted EBITDA totaled $158.1 million, which was within the Company’s guidance range of $155 million to $180 million. Full year 2009 Adjusted EBITDA was $180.3 million.

Alliance’s net loss, computed in accordance with GAAP, totaled ($29.6) million in the fourth quarter of 2010 and ($11.0) million in the fourth quarter of 2009. Full year 2010 net loss totaled ($32.7) million compared to net income of $0.5 million for full year 2009.

Net loss per share on a diluted basis, computed in accordance with generally accepted accounting principles (“GAAP”), was ($0.56) per share in the fourth quarter of 2010 and ($0.21) per share in the fourth quarter of 2009. In the fourth quarter of 2010, net loss per share on a diluted basis was impacted by ($0.50) in the aggregate due to non-cash impairment charges, fair value adjustments related to interest rate swaps, severance and related costs and mergers and acquisitions transaction costs. In the fourth quarter of 2009, net loss per share on a diluted basis was impacted by ($0.18) in the aggregate due to costs related to the debt refinancing, fair value adjustments related to interest rate swaps, severance and related costs and mergers and acquisitions transaction costs.

Net loss per share on a diluted basis was ($0.62) per share for full year 2010 and earnings per share were $0.01 per share for full year 2009. For full year 2010 net loss per share on a diluted basis was impacted by ($0.55) in the aggregate due to non-cash impairment charges, fair value adjustments related to interest rate swaps, severance and related costs and mergers and acquisitions transaction costs. Full year 2009 net loss per share on a diluted basis was impacted by ($0.20) in the aggregate due to costs related to the debt refinancing, fair value adjustments related to interest rate swaps, severance and related costs and mergers and acquisitions transaction costs.


The following information was filed by Alliance Healthcare Services, Inc (AIQ) on Thursday, March 10, 2011 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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