EXHIBIT 99
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ALLIANCE IMAGING, INC.
NEWS RELEASE
ALLIANCE IMAGING, INC. THE FINANCIAL RELATIONS BOARD
Xxxxxxxx X. Xxxxx Xxxxx Xxxxxx - General Information
Senior Vice President Xxxxx Xxxxxx - Analyst Contact
(000) 000-0000 Xxxxx Xxxxxx - Media Contact
xxx.xxxxxxxxxxxxxxx.xxx (000) 000-0000
ALLIANCE IMAGING SIGNS AGREEMENT TO ACQUIRE
MOBILE TECHNOLOGY INC.
ANAHEIM, CA (January 13, 1998) - ALLIANCE IMAGING, INC. (NASDAQ:SCAN),
the nation's largest provider of hospital-based fixed-site and mobile magnetic
resonance imaging (MRI) and computed tomography (CT) services, announced that a
subsidiary of Alliance has entered into a definitive agreement to acquire Mobile
Technology Inc. (MTI), another nationwide provider of diagnostic imaging
services. After the completion of the MTI transaction, Alliance will operate
over 180 MRI systems nationwide, and provide several other outsourced healthcare
services, including CT, nuclear medicine and lithotripsy.
Alliance has agreed to acquire MTI in a transaction valued at
approximately $100 million (including assumption of indebtedness). Alliance
intends to finance the cash portion of the transaction with bank financing. The
transaction will be subject to customary conditions and necessary regulatory
approvals, and is expected to close by the end of February 1998. Further terms
of the agreement were not disclosed.
Alliance Imaging, Inc., an affiliate of Apollo Management, L.P., is a
leading provider of comprehensive diagnostic imaging services to hospitals and
other healthcare providers. Services are provided on either a mobile,
shared-user basis or on a full-time single-user basis. Apollo completed the
recapitalization of Alliance on December 18, 1997 in a transaction valued at
approximately $264 million.
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