FONR - FONAR Corporation

NasdaqCM - NasdaqCM Delayed Price. Currency in USD

FONAR Corporation

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

SectorHealthcare
IndustryMedical Devices
Full Time Employees525

Key Executives

NameTitlePayExercisedYear Born
Dr. Raymond V. DamadianChairman, Principal Financial Officer & Treasurer458.89kN/A1936
Mr. Timothy R. DamadianCEO & Pres155.8kN/A1964
Mr. Luciano B. BonanniCOO & Exec. VP145.67kN/A1955
Ms. Claudette J. V. ChanSec. & Director20kN/A1938
Mr. Daniel CulverDirector of CommunicationsN/AN/AN/A
Amounts are as of December 31, 2018 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, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the Unites States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries. The company operates in two segments, Manufacturing and Servicing of Medical Equipment, and Management of Diagnostic Imaging Centers. 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 markets its scanners to private diagnostic imaging centers and hospitals. It also provides non-medical management services, including development, administration, office space leasing, facilities, equipment, supplies, staffing, credentialing, accounting, billing and collection, assistance with compliance matters, and practice growth and marketing strategies development and implementation services, as well as engages in the training and supervision of non-medical personnel for diagnostic imaging facilities. The company also exports its products to the United Arab Emirates, Switzerland, Canada, England, Germany, and Puerto Rico. It owns and operates 4 diagnostic imaging facilities in Florida; and manages 26 MRI scanning facilities, including 19 facilities located in New York and 7 situated in Florida. The company was founded in 1978 and is based in Melville, New York.

Corporate Governance

FONAR Corporation’s ISS Governance QualityScore as of November 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.