FONR - Fonar Corporation

NasdaqCM - NasdaqCM Real Time Price. Currency in USD

Fonar Corporation

110 Marcus Drive
Melville, NY 11747
United States

IndustryMedical Devices
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Dr. Raymond V. DamadianChairman, Principal Financial Officer & Treasurer158.98kN/A1936
Mr. Timothy R. DamadianCEO & PresN/AN/A1964
Mr. Luciano B. BonanniCOO & Exec. VP149.38kN/A1955
Ms. Claudette J. V. ChanSec. & Director20.16kN/A1938
Mr. Daniel CulverDirector of CommunicationsN/AN/AN/A
Amounts are as of December 31, 2017 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.


Fonar Corporation, together with its subsidiaries, 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 Management and Diagnostic Services. The company offers Upright MRI scanner that allows patients to be scanned in 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 26 MRI scanning facilities, including 17 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 September 1, 2018 is 10. The pillar scores are Audit: 5; Board: 10; Shareholder Rights: 10; Compensation: 4.

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.