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Fonar

12.49
+0.25002.04%
Post-market: 12.490.00000.00%16:00 EDT
Volume:10.89K
Turnover:133.96K
Market Cap:79.08M
PE:10.64
High:12.50
Open:12.19
Low:12.13
Close:12.24
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Company Profile

Company Name:
Fonar
Exchange:
NASDAQ
Establishment Date:
1978
Employees:
520
Office Location:
110 Marcus Drive,Melville,New York,United States
Zip Code:
11747
Fax:
631-753-5150
Introduction:
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 41 MRI scanning facilities, including 26 facilities located in New York and 15 facilities located in Florida. The company markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.

Directors

Name
Position
Timothy Damadian
Chairman of the Board, President, Chief Executive Officer and Treasurer
Claudette J. V. Chan
Director
Jessica Maher
Director
Richard E. Turk
Director
Ronald G. Lehman
Director

Shareholders

Name
Position
Timothy Damadian
Chairman of the Board, President, Chief Executive Officer and Treasurer
Luciano B. Bonanni
Executive Vice President, Chief Operating Officer and acting Principal Financial Officer