Medicare and Medicaid

FONAR Upright MRI Sales Take Off - 7 Sales in 2 Weeks - While Competitor Recumbent MRI Sales Decline

Published in Law and Health Weekly, July 28th, 2007

FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning(TM), reported today that the company has sold Seven UPRIGHT(TM) Multi-Position(TM) MRIs during the previous two weeks. By contrast, since this year began, sales by other MRI manufacturers have declined, with one major company reporting a quarterly imaging sales decline including MRI of $150 million.

A June 26, 2007, article in the Wall Street Journal online titled "Medicare Cuts Hurt Sales of Imaging Equipment," indicated that "the Medicare payment changes... sent sales of scanners (including MRI) made by GE, Siemens AG, Toshiba Corp. and others tumbling more than 20% last quarter, according to data provided...

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Source: Law and Health Weekly (2007-07-28)

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