Alliance HealthCare Services Announces New Partnership with Premier Florida Interventional Pain Management Care Provider
November 04 2015 - 10:57PM
Business Wire
Deal Expands Interventional Services
Geographic Footprint
Alliance HealthCare Services, Inc. (NASDAQ:AIQ), a leading
national provider of outsourced radiology, oncology and
interventional services, announces a new joint venture partnership
with PRC Associates, LLC (“PRC”). PRC is a premier provider of
interventional pain management services in Florida, delivered at
eight locations in Central Florida and the Palm Coast.
As part of the transaction, Alliance acquired a 60% ownership
position in the joint venture through its Alliance HealthCare
Interventional Partners division. As of June 2015, PRC’s annual
revenues were approximately $12 million. PRC’s current physician
partners, including founder Vinod Malik, M.D., will hold the
remaining interests. Dr. Malik will continue to serve as Medical
Director for PRC, leading a team of nine interventional pain
management physicians.
“This partnership builds upon Alliance’s interventional services
growth strategy. Our focus is to provide innovative interventional
therapeutic care through a national network of aligned practices
under Alliance HealthCare Interventional Partners,” said Tom
Tomlinson, Chief Executive Officer and President of Alliance
HealthCare Services. Tomlinson continues, “PRC has a phenomenal
reputation in the marketplace and is a leader in care for chronic
pain patients. I am delighted to welcome PRC as a part of the
Alliance family.”
Earlier this year, Alliance announced a partnership with The
Pain Center of Arizona (TPC) and founder Steven Siwek, M.D. Dr.
Siwek currently serves as President of the Alliance HealthCare
Interventional Partners segment and is charged with advancing pain
management care on a national scale, which includes TPC and
PRC.
“Dr. Malik and the PRC care team are pioneers in the pain
management space. Together, PRC and TPC, under Alliance HealthCare
Interventional Partners, will continue to advance pain care
excellence and therapeutic options while strategically growing our
national footprint,” says Dr. Siwek.
About PRC Associates, LLC
PRC Associates, LLC (“PRC”) was founded to help patients in
chronic pain as the most important goal. PRC offers the latest up
to date treatments for all modalities of pain management and
state-of-the-art fluoroscopic equipment along with various
locations in Volusia, Flagler and Seminole county. For more
information, visit www.interventionalpainmngt.com.
About Alliance HealthCare Services
Alliance HealthCare Services (NASDAQ: AIQ) is a leading national
provider of outsourced healthcare services with a 30+year track
record of award-winning patient care/satisfaction and service line
expertise. Providing diagnostic radiology services through its
Radiology Division (Alliance HealthCare Radiology), interventional
radiology & pain management services through its Interventional
Services Division (Alliance HealthCare Interventional Services) and
radiation oncology services through its Oncology Division (Alliance
HealthCare Oncology), Alliance is the nation’s largest provider of
advanced diagnostic mobile imaging services, an industry-leading
operator of fixed-site imaging centers, and a leading provider of
stereotactic radiosurgery nationwide. As of September 30, 2015,
Alliance operated 532 diagnostic imaging and radiation therapy
systems, including 116 fixed-site imaging centers across the
country; and 30 radiation therapy centers and stereotactic
radiosurgery (SRS) facilities. With a strategy of partnering with
hospitals, health systems and physician practices, Alliance
provides quality clinical services for over 1,000 hospitals and
other healthcare partners in 44 states where approximately 2,050
Alliance Team Members are committed to providing exceptional
patient care and exceeding customer expectations. For more
information, visit www.alliancehealthcareservices-us.com.
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Alliance HealthCare ServicesDeb Franko, 949.242.5426Senior
Director, Marketing & Communications
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