SOURCE: Allied Healthcare

Allied Healthcare

October 14, 2009 08:13 ET

Allied Healthcare International Inc. Engages Piper Jaffray as Capital Resources Advisor

NEW YORK, NY--(Marketwire - October 14, 2009) - Allied Healthcare International Inc. (NASDAQ: AHCI) (AIM: AHI) (http://www.alliedhealthcare.com), a leading provider of flexible healthcare staffing services in the United Kingdom, has appointed Piper Jaffray as its capital resources advisor.

Sandy Young, Allied's Chief Executive Officer, commented: "As announced earlier this year, Allied has undertaken a process to select an investment bank to help advise the company on its capital deployment strategy. After a rigorous selection process, we are pleased to be working with Piper Jaffray, a leading global financial services company with a strong presence in the U.S. and U.K. Allied has a strong balance sheet with no debt, and as our advisor, Piper Jaffray will evaluate opportunities focused on the growth of our company as well as building shareholder value. We look forward to working with their team on this valuable exercise."

ABOUT PIPER JAFFRAY

Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. Piper Jaffray headquarters are located in Minneapolis, Minnesota, with offices across the U.S. and in London, Hong Kong and Shanghai. (www.piperjaffray.com)

ABOUT ALLIED HEALTHCARE INTERNATIONAL INC.

Allied Healthcare International Inc. (http://www.alliedhealthcare.com) is a leading provider of flexible healthcare staffing services in the United Kingdom. Allied operates a community-based network of approximately 110 branches with the capacity to provide carers (known as home health aides in the U.S.), nurses, and specialized medical personnel to locations covering approximately 90% of the U.K. population. Allied meets the needs of private patients, community care, nursing and care homes, and hospitals.

For more news and information on Allied Healthcare International Inc., please visit http://www.IRGnews.com/coi/AHCI where you can find the CEO's video, a fact sheet on the company, investor presentations, and more.

Contact Information

  • Contacts:

    Allied Healthcare International Inc.
    Sandy Young
    Chief Executive Officer
    Paul Weston
    Chief Financial Officer
    +44 1785 810 600

    Piper Jaffray Ltd.
    Matthew Flower
    Will Carnwath
    +44 20 3142 8700

    The Investor Relations Group
    Adam Holdsworth
    +1 212 825 3210

    Cenkos Securities (Nominated Adviser)
    Elizabeth Bowman
    Ian Soanes
    +44 20 7397 8900