- Business
- Elbit Medical Technologies Ltd (TASE: EMTC-M) operates as an investment holding company focused on the research, development, production, and marketing of therapeutic medical systems and life sciences technologies in the United States, Europe, and internationally. The company holds interests in subsidiaries and investments including Insightec Ltd, which develops MRI-guided focused ultrasound systems such as the ExAblate platform for non-invasive treatments targeting oncology, gynecology, neurological disorders, and tumors; Gamida Cell Ltd, which researches and develops stem cell-based therapies derived primarily from umbilical cord blood for bone marrow transplants in patients with leukemia, lymph node cancer, non-malignant blood diseases, and metabolic genetic disorders; and emerging technologies like BeyeOnics surgical visualization platforms and EchoCare remote patient monitoring systems for senior care. Headquartered in Petah Tikva, Israel, at 3 Shimshon Street, the company, founded in 1992, serves healthcare providers, clinicians, and patients in the medical equipment and biotechnology sectors without generating direct revenue as a pre-revenue entity. Recent developments include reporting net income of ILS 3.06 million for the fiscal year alongside an annual general meeting in May 2025, continuation as a maintenance-listed entity following its 2022 shell company designation, and historical strategic moves such as the prior divestment of a significant stake in Insightec for $102 million and Insightec's investment agreement with GE HealthCare reflecting a $106.4 million post-money valuation.