Alliance HealthCare Services

News Release

Page 1 of 13

August 4, 2016


Exhibit 99.1






Rhonda Longmore-Grund


Executive Vice President

Chief Financial Officer






NEWPORT BEACH, CA — August 4, 2016 — Alliance HealthCare Services, Inc. (NASDAQ: AIQ) (the “Company”, “Alliance”, “we” or “our”), a leading national provider of outsourced radiology, oncology and interventional services, announced today the results for the quarter and six months ended June 30, 2016.

Second Quarter and Year-to-Date 2016 Highlights



The Company reported revenue totaling $125.3 million for the second quarter, a $6.8 million or 5.7% increase over the second quarter of last year, and $249.0 million year-to-date, a $21.1 million or 9.3% increase over prior year.



On a sequential basis vs. first quarter of 2016, revenue increased $1.6 million or 1.3%, and Adjusted EBITDA increased $4.1 million or 13.4%.



Net income attributable to Alliance was $2.5 million for the quarter, a $4.4 million increase over second quarter of prior year, and $1.3 million year-to-date, a $1.5 million increase over prior year.



GAAP Net Income per Share was $0.23 for the quarter and Adjusted Net Income per Share (as defined below) was $0.37.



GAAP Net Income per Share was $0.12 for the first half of 2016 and Adjusted Net Income per Share was $0.42.



The Company generated $34.4 million of Adjusted EBITDA (as defined below) for the quarter, compared to $34.0 million in the second quarter of prior year, and $64.8 million of Adjusted EBITDA year-to-date, compared to $64.1 million in 2015.



The Company continued to generate strong cash flow, with $35.2 million of quarterly operating cash flow, compared to $26.9 million in the second quarter prior year, and $57.9 million of year-to-date operating cash flow, compared to $47.7 million last year.



Alliance Radiology reported strong same-store volume growth of +2.0% for MRI and +5.8% for PET/CT for the quarter.



Alliance Interventional revenue increased $3.2 million, or 39.0%, to $11.2 million for the quarter.



Based on our results thus far this year, we are reaffirming full-year 2016 guidance for revenue ranging from $505-$535 million and Adjusted EBITDA of $130-$150 million.


2016 Financial Results

“Our solid results from the second quarter reflect growth, both sequentially and year-over-year, across our core business segments in Radiology and Oncology and positive contributions from Interventional Services. Across each of our businesses, actions we have taken to augment our sales and business development teams, and enhance the value proposition we provide our customers are improving our competitive position and are key elements of our strong performance in retaining existing customers and securing new customers,” stated Tom Tomlinson, Chief Executive Officer and President of Alliance HealthCare Services. “We continued the positive momentum in our Radiology business with another consecutive quarter of net new sales growth driven by strong same-store growth for MRI and PET/CT and improved performance in customer retention and contract renewal.  We are proud of our continued progress in Radiology as this marks the ninth consecutive quarter of same-store volume growth for MRI and sixth consecutive quarter of growth for PET/CT. Alliance Oncology continues to seek and build strong partnerships with high profile customers, adding Saint Peter’s University Hospital on June 1, along with the expectations of one or two additional transactions in the coming months. We remain committed to our long-term strategic investment in Alliance Interventional, and we are excited about the growth opportunities to expand our footprint as well as its role in enhancing our value proposition through our integrated value-added business model.”


The following information was filed by Alliance Healthcare Services, Inc (AIQ) on Thursday, August 4, 2016 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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