Dr. Raymond Damadian — who led a team in the 1970s that created the world’s first MRI scanner — passed away last week. Melville, New York–based Fonar Corp. — the company he founded and chaired — confirmed the Aug. 3 death in a recent news release. Damadian was 86. Fonar sold its first MRI scanner […]
Fonar Corp.
Fonar acquires MRI providers in New York and Florida
Fonar Corp (NSDQ:FONR) said today it picked up 3 new MRI providers in New York and Florida through the Health Management Company of America, of which it is the majority owner. The Melville, N.Y.-based company acquired Turnkey Services of New York, Yonkers Diagnostic Management Services and Florida’s TK2 Equipment Management LLC. “We are very pleased […]
Fonar taps MR scan inventor and founder’s son as CEO | Personnel Moves
Fonar Corp (NSDQ:FONR) said yesterday it named Timothy Damadian, son of magnetic resonance scanning inventor and company founder Dr. Raymond Damadian, as its new president and CEO. The younger Damadian worked with Fonar for 16 years, eventually becoming veep of operations. He formed Fonar subsidiary Health Management Corporation of America, which manages medial and diagnostic […]
Fonar shares jump almost 60% as sales, profits surge in Q1 2014
Masimo meets The Street, shares rise | Earnings Roundup
Masimo (NSDQ:MASI) met Wall Street’s forecast for its full-year and 4th-quarter earnings, giving its shares a 2% bump yesterday and sending them another 3% higher today.
The Irvine, Calif.-based patient monitoring systems maker reported profits of $$13.8 million, or 23 cents per share, on sales of $112.3 million for the 3 months ended Dec. 31, 2011, for a top-line increase of 6.4% but a bottom-line decline of 14.2%, compared with Q4 2010.
Zoll shares spike 23 percent on record 2011 sales and earnings | Earnings Roundup
Zoll reported record numbers in its top and bottom line for fiscal year 2011, sending its stock up 23 percent overnight.
Zoll shares were trading at $44.35 in the early afternoon today, up from last night’s $35.98 close.
The company’s 2011 sales hit a record high of $523.7 million, 18 percent higher than the $444 million posted last year.
