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Debt
12 Months Ended
Dec. 31, 2012
Debt

4. Debt

In April 2008, we entered into a bank loan agreement for $19.2 million to finance medical equipment. The loan agreement provided for repayment in equal monthly installments over a five-year period at a fixed interest rate of 4.96%. The loan agreement contained no financial covenants. The bank loan was secured by certain medical equipment. Our outstanding debt was $4.0 million as of December 31, 2011, of which $3.0 million was due within 12 months. In June 2012, we paid our outstanding bank loan in full, reducing our total debt to zero.