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Fonar Corporation (FONR)

NASDAQ Capital Market - NASDAQ Capital Market Delayed Price. Currency in USD
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27.60+0.95 (+3.56%)
At close: 4:00PM EDT

27.60 0.00 (0.00%)
After hours: 4:27PM EDT

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Fonar Corporation

110 Marcus Drive
Melville, NY 11747
United States
631-694-2929
http://www.fonar.com

SectorHealthcare
IndustryMedical Appliances & Equipment
Full Time Employees501

Key Executives

NameTitlePayExercisedAge
Dr. Raymond V. Damadian M.D.Chairman and Treasurer89.66kN/A81
Mr. Timothy R. DamadianChief Exec. Officer and PresN/AN/A53
Mr. Luciano B. BonanniChief Operating Officer and Exec. VP140.28kN/A62
Mrs. Claudette J. V. ChanSec. and Director20kN/A79
Mr. Daniel CulverDirector of CommunicationsN/AN/AN/A
Amounts are as of December 31, 2016 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.

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.

Corporate Governance

Fonar Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.