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Fonar Corporation (FONR)

NasdaqCM - NasdaqCM Real-time price. Currency in USD
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21.36-0.43 (-1.97%)
At close: 04:00PM EDT
21.36 0.00 (0.00%)
After hours: 04:00PM EDT

Fonar Corporation

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

Sector(s)Healthcare
IndustryDiagnostics & Research
Full-time employees561

Key executives

NameTitlePayExercisedYear born
Mr. Timothy R. Damadian M.D.Chairman, President, CEO & Treasurer152.9kN/A1964
Mr. Luciano B. BonanniCOO, Executive VP & Acting Principal Financial Officer449.22kN/A1955
Ms. Claudette J. V. ChanSecretary & Director58.88kN/A1938
Mr. Daniel CulverDirector of CommunicationsN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. 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 also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 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 10 indicates higher governance risk.