has issued

Redeemable Preferred Stock

& Common Stock

to an investor group led by




Alliance is a developer and
acquiror of freestanding
ambulatory surgery centers.

The undersigned acted as financial advisor to Alliance Surgery in this Transaction

Alliance Surgery

Description

Alliance Surgery is focused on the development, acquisition, and management of freestanding ambulatory surgery centers (ASCs).

Situation

The former management team of SURGICOE Corporation (a chain of seven surgical facilities), which was acquired by United Surgical Partners International, believed there was an opportunity to generate significant value by building a network of ASCs in the southern half of the United States through the development of new ASCs, as well as through the acquisition of individual, non-professionally managed ASCs. The Company was seeking equity capital to fund this process.

Result

Croft & Bender successfully raised capital for the Company with Dauphin Capital Partners, Ivy Capital Partners, and Select Capital Ventures. C&B Capital also participated in this transaction.