ION Boston Management Enters into Proton Therapy Consulting / Arrangements with Massachusetts General Hospital Affiliate

Dusseldorf (ots) -

Alvarez & Marsal Development LLC and Dr. Heinz-Dieter Kals
Announce World Class Partnership in State of the Art Cancer
Therapy

ION Boston Management GmbH, which is 50%-owned by Alvarez &
Marsal Development LLC and Dr. Heinz-Dieter Kals, has entered into a
Radiology Oncology Associates Services Agreement, as of November 1,
2006 with Massachusetts General Physicians Organization, Inc.
("MGPO"), acting on behalf of Massachusetts General Hospital, through
its Radiology Oncology Associates.

The four year agreement provides for MGPO to deliver a broad range
of proton beam therapy advisory services exclusively through Ion
Boston to those projects that are identified in the Agreement. The
initial projects so identified are located in Germany. The services
include physician and technician training, software and other
technology, finance, research and administration/management.

According to Dr. Heinz-Dieter Kals, "Proton beam therapy is an
advanced form of radio-oncology treatment, and has the advantage of
producing successful treatment outcomes, with substantially less
damage to healthy tissue and fewer side effects than conventional
forms of photon-based radio-oncology treatments."

There are presently numerous proton treatment facilities under
construction, development, or consideration at German university
medical centers, and elsewhere in the EU.

Stated Gordon Travers, a Managing Director of Alvarez & Marsal and
Geschäftsführer of ION Boston Management GmbH , "With this
agreement, ION Boston is able to combine the expertise of MGPO in the
fields of medicine, science and technology, with the premier
financial and operational capabilities of Alvarez & Marsal, which
includes both pre- and post- completion management and systems, as
well as financial engineering and access to capital markets."

In addition, Travers noted that "our close, preferred partner
relationship with Johnson Controls in Germany allows our clients to
benefit from its expertise in delivering end-to-end workplace
solutions that improve businesses operations, benefit people and save
money."

Ion Boston believes that this combination of service offerings is
unrivaled in scope and quality in today's marketplace.

For more than 20 years, Alvarez & Marsal has set the standard for
working with organizations to tackle complex operational issues,
boost performance and maximize value for stakeholders. As the
leading, independent global professional services firm, Alvarez &
Marsal excels at problem solving and value creation. Serving clients
ranging from international enterprises to middle market companies and
public sector organizations, the firm draws on a deep operational
heritage and hands-on approach to deliver comprehensive performance
improvement, turnaround management and corporate advisory services.

With seasoned professionals based in locations throughout North
America, Europe, Asia and Latin America, Alvarez & Marsal provides
Turnaround Management services, including Performance Improvement;
Turnaround and Restructuring Advisory; Interim and Crisis Management;
Creditor Advisory and Claims Management. Alvarez & Marsal's advisory
services also include: Business Consulting; Real Estate Advisory;
Dispute Analysis & Forensics; Corporate Finance; Tax Advisory and
Transaction Advisory. For more information about the firm, visit
www.alvarezandmarsal.com.

Originaltext: Alvarez & Marsal
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Media Contacts:

CNC Communications:
Roland Klein: +44 (0)20 7557 9988
Mirko Wollrab: +49 (0)69-5 06 03 75 62

Alvarez & Marsal:
Rebecca Baker: +1 212 759 4433