Raymond Damadian
Damadian is the company's largest shareholder, with 8% of stock worth $6.5 million. Despite owning only 8% of the stock, he maintains almost 100% control of the company through a separate class of shares (Class C) that only Damadian controls 2007. Damadian later collaborated with Wilson Greatbatch, one early developer of the implantable pacemaker, to develop an MRI-compatible pacemaker. He invented a stand-up MRI system and has 15 MRI scanning centers across the United States. There are a number of independent MRI centers that use this technology both in the U.S. and around the world. The company conceived and built the world's first Upright Multi-Positional MRI, which was recognized as The Invention of the Year in 2007 by the Intellectual Properties Owners Association Education Foundation.
ECRI Institute
In the early 1960s, Joel J. Nobel founded ECRI Institute after a four-year-old boy died in his arms from a defibrillator failing to work. He focused his energy on improving resuscitation technology and organization, which led to ECRI Institute being founded. Joel also invented the MAX Cart, a mobile resuscitation system designed to save lives by enabling rapid medical action. The cart carries instruments for cardiopulmonary resuscitation and other medical supplies while also functioning as a support litter for a patient. A prototype of the MAX medical emergency crash cart has been accepted into the permanent collection of the Smithsonian National Museum of American History, Medicine and Science Division, as part of its historical collection of cardiology and emergency-medicine objects. Nobel, a surgeon and inventor, designed and patented MAX in 1965 while a resident at Pennsylvania Hospital, in order to speed the delivery of emergency cardiopulmonary care to patients. Life magazine profiled the invention in a 1966 feature called "MAX, the Lifesaver." In 2001, Dr. Jeffrey C. Lerner became ECRI Institute’s second President and Chief Executive Officer. In 2018, Dr. Marcus Schabacker became ECRI Institute’s third President and Chief Executive Officer.