Alliance Imaging Inc. Revises Recapitalization Transaction.ANAHEIM, Calif.--(BUSINESS WIRE)--Nov. 10, 1997--Alliance Imaging Inc. (Nasdaq:SCAN), a leading nationwide provider of outsourced radiology services and high technology diagnostic imaging systems, Monday announced the structure of its proposed recapitalization transaction has been revised. As previously announced, in the recapitalization, a subsidiary of Newport Investment LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliate of Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. L.P., will be merged into Alliance. Under the recapitalization as originally planned, 95 percent of the fully diluted Alliance common stock (excluding options and warrants to be retired for their spread value) would have been retired for $11 in cash. As revised, 97 percent of the fully diluted Alliance common stock will be retired for $11 in cash. Following the recapitalization, it is anticipated that Newport will own 90 percent of the outstanding common stock of Alliance and Alliance's existing stockholders will own 10 percent. The recapitalization originally provided for the acquisition by Alliance of SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management Health Services health services Managed care The benefits covered under a health contract Inc., a mobile diagnostic imaging provider in the Mid-Atlantic region of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , which is wholly owned by an affiliate of Apollo. As revised, the recapitalization no longer provides for the acquisition of SMT by Alliance. The closing of the recapitalization is expected to occur before the end of 1997, and is subject to a number of conditions, including the receipt of the necessary financing for the recapitalization. CONTACT: Alliance Imaging Inc., Anaheim Terrence M. White, 714/688-7100 www.allianceimaging.com or The Financial Relations Board Karen Taylor Karen Taylor is an English comedienne from Barrow-in-Furness, Cumbria. She is a former finalist in the prestigious Daily Telegraph Open Mic Award[1] and has fronted her own sketch show on BBC Three, entitled Touch Me, I'm Karen Taylor. (general information) Moira Conlon (analyst contact) Steve Seiler (media contact) 310/442-0599 |
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