Elscint

was founded in 1969 by Dr. Avraham Suhami, who was a nuclear physics professor at the Technion – Israel Institute of Technology at the time, after receiving encouragement to apply his scientific and technical knowledge for commercial applications from Uzia Galil, founder of Elron, a technology investment company.

[5] This VDP1 was the Elscint's first commercial success, and helped the company to reach sales of a million dollars, with a loss of $ 25,000 at the end of first year of operation.

[6] By 1975, sales of gamma scanners and other products generated $12 million in revenue, and a profit of $ 400,000 for Elscint, and Avraham Suhami decided to enter a new market - Computerized tomography, at the time a new emerging medical imaging technology.

The company had more than 3,000 employees in factories, research and development facilities in Boston, England, Paris, Milan, Jerusalem, Haifa and Chicago.

After the Twin the company wished to create a 4 slice system, but this would require a totally new gantry design.

In an effort to save time the company decided to sell the multi-slice detector design to Siemens in exchange for their gantry and table.

This allowed Siemens to enter into the multi-slice CT game and Elscint shorter to market time for the system that was to be known as the VolumeX.

[5] In 1999, Elron Electronic Industries sold all its holdings in Elbit Medical Imaging to Europe Israel Ltd., formerly an Israeli company listed on the Tel-Aviv Stock Exchange and controlled by real estate developer Mordechay (Moti) Zisser, for a sum of approximately $127.8 million.