Alliance HealthCare Services, Inc. (NYSE: AIQ) (the “Company” or “Alliance”), announced today receipt of notice that the New York Stock Exchange (“NYSE”) accepted the Company’s plan for continued listing and, pursuant to such plan, has granted the Company an 18 month extension until March 28, 2013 to regain compliance with the NYSE continued listing standards subject to ongoing oversight.
As previously disclosed, on September 30, 2011, Alliance announced that it was below the NYSE’s continued listing standard related to market capitalization. The Company subsequently submitted a plan of compliance to the NYSE.
Alliance’s common stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE to ensure Alliance’s progress toward its plan to regain compliance with the market capitalization standard. Failure to comply with the terms of the plan, including quarterly reviews, or to regain compliance with the continued listing standards by the end of the 18 month period could result in the Company being delisted from the NYSE.
About Alliance HealthCare Services
Alliance HealthCare Services is a leading national provider of advanced outpatient diagnostic imaging 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 more than 2,300 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 45 states. Alliance operates 570 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 135 locations across the country. Alliance also operates 37 radiation therapy centers, including 16 dedicated stereotactic radiosurgery facilities, many of which are operated in conjunction with local community hospital partners, providing treatment and care for cancer patients. With 16 stereotactic radiosurgery facilities in operation, Alliance is among the leading providers of stereotactic radiosurgery nationwide.