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UNDERWRITERS OFFER 2.8M SHARES OF COMMON STOCK OF ALLIANCE IMAGING AT $8.50 PER SHARE

    UNDERWRITERS OFFER 2.8M SHARES OF COMMON STOCK OF ALLIANCE IMAGING
                         AT $8.50 PER SHARE
    NEW YORK, Nov. 8 /PRNewswire/ -- Donaldson, Lufkin & Jenrette Securities Corporation and Dean Witter Reynolds Inc., as underwriters, announced today the public offering of 2,801,235 shares of Alliance Imaging, Inc. (NASDAQ: SCAN), common stock at $8.50 per share.  The company has granted the underwriters an option to purchase up to an additional 420,185 shares to cover over-allotments, if any.
    Of the 2,801,235 shares being offered, 2,400,000 shares are being sold by the company and 401,235 shares are being sold by a group of selling shareholders.
    The net proceeds to the company from the sale of the securities will be used for the reduction of indebtedness, the purchase of additional MRI equipment and for corporate purposes.
    Alliance Imaging, Inc., based in LaPalma, Calif., is a leading provider of comprehensive Magnetic Resonance Imaging services to hospitals and other health care providers.
    -0-                    11/8/91
    /CONTACT:  Vince Pino of Alliance Imaging, 213-921-7330/
    (SCAN) CO:  Alliance Imaging, Inc. ST:  California IN:  HEA SU:  OFR GK -- NY047 -- 2652 11/08/91 15:00 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 8, 1991
Words:194
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