![]() Fonar Fonar is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. | ![]() Novanta Novanta (formerly known as GSI Group) is a company that supplies technology solutions for industrial and healthcare OEMs. | ||
Founding Date | Founding Date 2005 | Founding Date 1978 | Founding Date 1968 |
Type | Type Private | Type Public | Type Public |
Tags | |||
Locations | Locations Irvine, US HQ | Locations Melville, US HQ | |
Employees | Employees 20 | Employees 49517% increase | Employees 3,000 |
Valuation ($) | Valuation ($) N/A | Valuation ($) 98.8 m | Valuation ($) 6.4 b |
Financial | |||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) $104.4m (FY, 2025) | Revenue (est.) $980.6m (FY, 2025) |
Net income | Net income N/A | Net income $8.3m (FY, 2025) | Net income $53.8m (FY, 2025) |

Fonar is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries.
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Novanta (formerly known as GSI Group) is a company that supplies technology solutions for industrial and healthcare OEMs.
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