Alliance Imaging Expecting Special Gain

Alliance Imaging Inc. said that it expects to record special gains of 55 cents a share for the fourth quarter, largely from recently completed refinancing transactions.

As previously announced, the company repurchased its 7.5% senior subordinated notes and its Series A preferred stock for $16.8 million plus accrued interest. The debt had been carried on the company's books at $31.8 million, giving Alliance a gain of about $14 million on the repurchase.

The company provides diagnostic imaging and related management services.

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