FONAR Corp. engaged in the design, manufacture, sell, and servicing magnetic resonance imaging scanners. It operates through the Medical Equipment, and Physician Management and Diagnostic Services segments. Read More The Medical Equipment segment manufactures and sells magnetic resonance imaging scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, medical conditions, and injuries. The Physician Management and Diagnostic Services segment provides management, administrative, billing and collection services, office space, equipment, repair, maintenance service and clerical, and non-medical personnel to medical providers through Health Management Corp. of America. The company was founded by Raymond V. Damadian on July 17, 1978 and is headquartered in Melville, NY.