Alliance HealthCare Services, ONRAD Agree to Strategic Affiliation

Alliance HealthCare Services

and 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.