Wednesday, March 6, 2:07 PM
Fonar (FONR +5.2%) gains today on news that one of its units has acquired a business managing 12 stand-up MRI and centers and other scanning facilities in Florida and New York for $34.4M. This makes the image device maker the country's largest network of such standup facilities. The new company will be known as Health Diagnostics Management.
1 Comment[Healthcare, M&A, On the Move]
Monday, October 1, 2012, 1:58 PM
Shares of Fonar (FONR +34%), a maker of "stand-up" magnetic resonance imaging devices, leap after reporting a $0.91 a share FY12 profit, nearly doubling from $0.55 per share during the previous year. Revenue also rose 19% to $39.4M on strength across both its MRI segment that includes product sales, service and repair fees, as well as its MRI center management subsidiary.
Wednesday, October 5, 2011, 2:17 PM
Microcap biotech firm FONAR (FONR +19.6%) soars after announcing a diagnostic breakthrough in its multiple sclerosis research, based on observations using its upright multi-position MRI. The findings reveal the cause of multiple sclerosis may be biomechanical, related to earlier trauma to the neck, which can result in obstruction of the flow of cerebrospinal fluid.
Comment![Healthcare, On the Move]