Allied Healthcare International Inc. Engages Piper Jaffray as Capital Resources Advisor
14 October 2009 - 11:13PM
Marketwired
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.
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
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