Fonar Shares Rise on Deal for Sale to CEO-Led Group

Dow Jones

Dec 31, 2025

By Josh Beckerman

Fonar shares rose after the magnetic-resonance-imaging company agreed to be sold to a group led by Chief Executive Timothy Damadian for $19 a share.

The stock was up 27% to $18.64 on Tuesday and is up about 23% this year.

Fonar said July 9 that it received a nonbinding proposal from a group led by Damadian, with an expected premium of at least 10% to the average closing price for the 90 trading days immediately preceding July 1. On July 18, the Melville, N.Y., company said it received a supplemental proposal for $17.25 a share.

In November, Fonar said fiscal first-quarter revenue rose 4% to $26 million.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 30, 2025 13:37 ET (18:37 GMT)

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