Related Party Transactions

12 Months Ended

Dec. 31, 2011

Dr. Edward Deitrich, a director of Arizona Heart Hospital ("AHH"), formerly served on the Company's Board of Directors; his term expired on June 11, 2009. Dr. Deitrich currently serves as the Company's medical director. AHH has been a long-standing customer of the Company, and the Company has contracted with AHH for physician training and clinical research services for a number of years. The below table is a summary of all transactions by and between the Company and AHH in 2011, 2010, and 2009. These transactions were in accordance with the Company's typical commercial terms and conditions.



	For the years ended December 31,
	2011		2010		2009
Payments from the Company to AHH:
Physician and clinical research expenses	$	209	$	114	$	111

Company revenue derived from AHH	$	912	$	1,064	$	874

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details