Benzinga | Mar 31, 2021 12:39PM EDT

FONAR Says Subsidiary HMCA Acquires Stand-Up MRI Facility In Yonkers; Terms Not Disclosed

FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning(tm), announced today that it has acquired a Stand-Up(r) MRI facility in Yonkers, New York, from where its diagnostic imaging management subsidiary, Health Management Company of America (HMCA) will provide non-medical management services for Comprehensive MRI of New York, P.C.

Tim Damadian, president and CEO of FONAR Corporation, said, "We're very excited about this Yonkers location. Physicians have been referring their patients to the previous practice at this location for several years. Our goal is to make the transition for both patients and referring doctors as smooth as possible. We now manage two locations in Yonkers. Since they are across town from one another, the additional location very nicely expands and strengthens our presence in Westchester County. By providing the marketing techniques and the quality of service to patients and referring physicians that have made other HMCA-managed facilities successful, we expect not only to preserve the existing level of business, but to substantially increase it."

This latest acquisition brings the total number of HMCA-managed MRI scanners to 39: Twenty-five (25) in New York and fourteen (14) in Florida.