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Home > Company Index > Real Estate > Property Investment & Management > Elscint Limited

Elscint Limited
NYSE: ELT
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 PROFILE
A victim of intense competition in the medical imaging business, Elscint has opted to take a permanent vacation. After selling its medical imaging systems manufacturing operations (it continues to supply subassemblies to a nuclear imaging systems unit of GE), the firm is now in the hotel and leisure business. The company, through subsidiaries and affiliates, owns stakes in hotels and other leisure properties in Poland, the UK, Israel, and South Africa. Elscint focuses on four-star hotels, building them or renovating and upgrading existing hotels. Elbit Medical Imaging owns more than half of Elscint; the two companies are part of Israel's Europe Israel group, from which Elscint bought some of its properties.

 COMPETITION
Four Seasons Hotels Inc. (FS)
Marriott International, Inc. (MAR)
The Ritz-Carlton Hotel Company, L.L.C. (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 118.50
1-Yr. Sales Growth: 46.8%
Employees: 2,000
Revenue per employee: $59,250.00

 KEY PEOPLE
• Rachel Lavine
    CEO

 CONTACT INFO
Advanced Technology Center, PO Box 550
Haifa 31004, Israel
Phone: 972-3-696-0111
Fax: 972-3-695-3080

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