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About
FONAR Corp. develops and manufactures of MRI scanners. It is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging scanners. The company operates through two segments: Medical Equipment and Physician Management & Diagnostic Services. The Medical Equipment segment manufactures and sells magnetic resonance imaging scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Physician Management & Diagnostic Services segment is conducted through Health Management Corp. of America, which is a wholly-owned subsidiary. It provides management, administrative, billing and collection services, office space, equipment, repair, maintenance service and clerical and other non-medical personnel to medical providers. Fonar was founded by Raymond V. Damadian on July 17, 1978 and is headquartered in Melville, NY. | |||
Description
Fonar Corporation engages in the design, manufacture, sale, and servicing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases, abnormalities, and other medical conditions and injuries. It operates in two segments, Medical Equipment, and Physician and Diagnostic Services Management. The company offers Upright MRI that allows patients to be scanned in fully weight-bearing conditions, such as standing, sitting, bending, or lying down. It markets its scanners to private diagnostic imaging centers and hospitals. The company also provides management services, administrative services, billing and collection services, office space, equipment, repair, maintenance service, and clerical and other non-medical personnel to medical providers engaged in diagnostic imaging. Fonar Corporation owns and operates 4 diagnostic imaging facilities in Florida; and manages 25 MRI scanning facilities, including 18 facilities located in New York and 7 facilities located in Florida. Fonar Corporation was founded in 1978 and is based in Melville, New York. | |||
