Alliance Medical Receives Financing

PHOENIX, Ariz-Alliance Medical Corporation has received $11 million in venture capital financing.

Alliance's third round of funding will be used for acquisitions, developing new business lines, and buying equipment for existing operations.

The company, which is based in Phoenix, received financing from Affinity Capital Management of Minneapolis, and four other firms previously involved in the company's investments.

Information from www.arizonarepublic.com