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FONAR Corporation specializes in the design, manufacturing, marketing, and servicing of magnetic resonance imaging (MRI) scanners. These scanners are crucial for the detection and diagnosis of human diseases. The company's notable product includes the Upright MRI scanner, which allows for scanning in various positions such as standing, sitting, or bending, catering to patients' needs for comfort during scans. Additionally, FONAR operates through two business segments: Medical Equipment, and Physician Management and Diagnostic Services. Beyond its core medical technology offerings, FONAR provides non-medical management services that encompass administrative support, billing, compliance consulting, and other related services. Founded in 1970, the company is headquartered in Melville, New York, and its shares are listed on the NASDAQ.
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