Fonar’s HMCA unit buys MSO company

MRI developer Fonar of Melville, NY, last month added heft to its foray into the physician practice management business. Fonar's Health Management Corporation of America PPM subsidiary acquired Dynamic Health Care Management, a management service organization that oversees three physician practices on Long Island, NY. Dynamic had $6.2 million in revenues for the 12-month period ending June 1998, bringing HMCA's annualized revenue run rate to $30 million.