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  September 5, 2001
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Home > Company Index > Health Products & Services > Medical Appliances & Equipment > FONAR Corporation

FONAR Corporation
Nasdaq (SC): FONR
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 PROFILE
FONAR is the very image of magnetic resonance imaging. A pioneer in the MRI field, FONAR makes and manages scanning equipment. Its Health Management Corporation of America (formerly U.S. Health Management) subsidiary generates about 85% of its sales, providing management services to diagnostic imaging centers and other health care providers. Products include the QUAD series of "open" MRIs with high field strength for optimal imaging; the units are marketed to hospitals and private clinics. The company is also increasing overseas marketing. Products being developed include a breast scanner and an operating room scanner. FONAR recently launched an Internet-based product that allows for scanning from a remote location.

 COMPETITION
General Electric Company (GE)
Hitachi, Ltd. (HIT)
Siemens AG (SI)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 39.10
1-Yr. Sales Growth: 6.0%
Employees: 568
Revenue per employee: $68,838.03

 KEY PEOPLE
• Raymond V. Damadian
    CEO
• Timothy R. Damadian
    CFO

 CONTACT INFO
110 Marcus Dr.
Melville, NY 11747
US
Phone: 631-694-2929
Fax: 631-249-3734
Online: Web Site

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