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Fonar Corp.

MRI pioneer Dr. Raymond Damadian dies at 86

August 8, 2022 By Chris Newmarker

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 […]

Filed Under: Business/Financial News, Featured, Imaging, News Well Tagged With: Fonar Corp.

Fonar acquires MRI providers in New York and Florida

July 12, 2016 By Fink Densford

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 […]

Filed Under: Business/Financial News, Mergers & Acquisitions Tagged With: Fonar Corp.

Fonar taps MR scan inventor and founder’s son as CEO | Personnel Moves

February 10, 2016 By Fink Densford

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 […]

Filed Under: Business/Financial News Tagged With: Abiomed, Admedus Ltd., ALR Technologies Inc., Baxter, C.R. Bard, Cordis Corp., Dune Medical Devices Inc., Fonar Corp., Getinge, Insulet, Keystone Technologies, Maquet Cardiovascular LLC, Medtronic, Personnel Moves, Prism Medical, Turnpoint Medical, Vascular Pathways Inc., Vestagen

Fonar shares jump almost 60% as sales, profits surge in Q1 2014

November 19, 2013 By Chris Walker Leave a Comment

Fonar shares jump almost 60% as sales, profits surge in Q1 2014

New York MRI systems maker Fonar (NSDQ:FONR) posted major wins in its 1st quarter of fiscal year 2014, owing a strong boost in sales and profits to its recent acquisitions.

Filed Under: MassDevice Earnings Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: 2013, Fonar Corp., Q3

Masimo meets The Street, shares rise | Earnings Roundup

February 16, 2012 By MassDevice staff Leave a Comment

Masimo

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.

Filed Under: MassDevice Earnings Roundup, News Well, Patient Monitoring, Wall Street Beat Tagged With: ConMed Corp., Cutera Inc., Cynosure Inc., Electromed, Fonar Corp., Given Imaging, Henry Schein Inc., IsoRay, Masimo, Neurometrix, Precision Optics Corp., Q4, Solta Medical Inc., Urologix Inc.

Zoll shares spike 23 percent on record 2011 sales and earnings | Earnings Roundup

November 17, 2011 By MassDevice staff Leave a Comment

Zoll logo

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.

Filed Under: MassDevice Earnings Roundup, News Well Tagged With: Bovie Medical Corp., Cardiac Rhythm Management, Cardium Therapeutics, Daxor Corp., Derma Sciences Inc., EDAP TMS SA, Fonar Corp., Imris Inc., InspireMD, Oridion Systems Ltd., Patient Safety Technologies Inc., PLC Systems Inc., Q3, Resuscitation, SANUWAVE Health Inc., Tengion Inc., Zoll Medical

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