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    Fonar Corp. (FONR)

    9.63 Down 0.08(0.82%) 4:00PM EDT
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    Fonar Corp.
    110 Marcus Drive
    Melville, NY 11747
    United States - Map
    Phone: 631-694-2929
    Fax: 631-753-5150
    Website: http://www.fonar.com

    Index Membership:N/A
    Industry:Medical Appliances & Equipment
    Full Time Employees:430

    Business Summary 

    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. The company operates through two segments, Manufacturing and Servicing of Medical Equipment; and Management of Diagnostic Imaging Centers. It provides Upright Multi-Position MRI scanner, which allows patients to be scanned in fully weight-bearing conditions, such as standing, sitting, or bending in any position that causes adverse symptoms. Fonar Corporation markets its scanners to private diagnostic imaging centers and hospitals. The company also offers management services to diagnostic imaging facilities, which include development, administration, and leasing of office space, facilities, and medical equipment; and is involved in the provision of supplies; staffing, training, and supervision of non-medical personnel; legal services; accounting, billing, and collection; and the development and implementation of practice growth and marketing strategies. As of June 30, 2014, it managed 11 diagnostic imaging facilities located in the states of New York and Florida. Fonar Corporation was founded in 1978 and is based in Melville, New York.

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    Key Executives 
    Dr. Raymond V. Damadian M.D., 79
    Chairman, Chief Exec. Officer, Pres, Chief Financial Officer, Treasurer, Pres of Health Management Corp. of America, Treasurer of Health Management Corp. of America and Director of Health Management Corp. of America
    Mrs. Claudette J. V. Chan , 77
    Sec. and Director
    Daniel Culver ,
    Director of Communications
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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