Founded in 1978, Fonar Corporation (NASDAQ:FONR) is headquartered in Melville, New York, USA, with 465 full-time employees. It is a manufacturer of medical instruments and equipment. Its main products include MRI scanners for human disease detection and diagnosis.
Fonar Corporation (FONR):
Fonar is a manufacturer of medical instruments and equipment, engaged in the design, manufacture, sales and maintenance of magnetic resonance imaging (MRI) scanners (nuclear magnetic resonance) for the detection and (auxiliary) diagnosis of human diseases and physical abnormalities and injuries. It still operates in two parts: Medical Equipment and Physician and Diagnostic Services Management.
Forner’s product Upright Magnetic Resonance Imaging (MRI) system allows patients to directly step into the instrument and stand to receive scanning, so any part of their body can be scanned under normal gravity load. The joints are especially important. Patients can also take a sitting position, a supine position, or various extensions, flexions, twists, and lateral flexions to receive scans.
Fonar Corporation sells its products to private diagnostic imaging centers and central hospitals. In addition to MRI equipment, it also provides medical institutions with management services, administrative services, billing and collection services, office space, equipment, repairs, and maintenance in the field of diagnostic imaging. Services, as well as clerical and other non-health technical personnel services.
As of June 30, 2015, Forner Corporation managed 11 diagnostic imaging facilities in New York and Florida.