Elbit Imaging Ltd., formerly Elbit Medical Imaging Ltd., is an Israeli

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

with activities in real estate,

medical imaging Medical imaging is the technique and process of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the function of some organs or tissues (physiology). Medical imaging seeks to revea ...

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...

shopping mall A shopping mall (or simply mall) is a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term ''mall'' originally meant pedestrian zone, a pedestrian promenade with shops along it, but in the late 1960s, i ...

s, and

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

. The company was founded as a spin-off from Elron Electronic Industries and

Elbit Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron Electronic Industries, Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipme ...

, to develop and manufacture diagnostic systems and medical imaging devices; in 1999 Elbit Medical Imaging was sold to Europe-Israel Ltd., a company controlled by businessman Mordechai (Moti) Zisser, who turned it into a diversified holding company.

History

The origins of Elbit Medical Imaging can be traced to 1990, when Elbit's medical arm, at the time a subsidiary of Elron, acquired a majority share in

Elscint Elscint was an Israeli technology company that developed, manufactured and sold medical imaging solutions, including: Nuclear medicine, computed tomography magnetic resonance imaging and X-ray scanners. Elscint's shares traded on the NASDAQ as w ...

. Elscint was a company founded in 1969, which developed medical imaging equipment such as MRI and CT scanners. In 1996, Elbit was spun off into three independent companies, and Elbit Medical Imaging was created as separate

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

listed company (

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded Share (finance), shares of a particular stock or Security (finance), security on a particular stock exchange. Ticker symbols are arrangements of symbols ...

:EMITF). During 1999 and 2000 Elscint and Elbit Medical Imaging sold their imaging activities to GE Healthcare and to Picker (now

Philips Medical Systems Koninklijke Philips N.V. (), simply branded Philips, is a Dutch multinational health technology company that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarter ...

) for approximately $600 million. 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 Mordechai (Moti) Zisser, for a sum of approximately $127.8 million. Following the acquisition in May 1999, Zisser integrated his existing real estate activities into the company and restructured Elbit Medical Imaging as a

, focusing on: real estate and hotels development, shopping and entertainment malls, industrial manufacturing and supply of components for the

; and

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

investments in high-technology and bio-technology companies. In 2005.

, which was the first Israeli company to be listed on the then-recently established

National Association of Securities Dealers Automated Quotation System The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

(NASDAQ) in 1972, was acquired by Elbit Medical Imaging. At that time, Elscint was no longer engaged in its original medical imaging equipment activities. On November 1, 2006, Plaza Centers N.V., an indirect subsidiary of Elbit Imaging, was listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

. The Company raised approximately £166 million of gross proceeds and its shares are traded under the ticker "PLAZ". On October 19, 2007 Plaza Centers N.V.s shares were also listed on the

Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...

under the ticker "PLZ". In August 2007, Elbit Imaging sold its Arena Plaza Mall in

Budapest Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...

to Active Asset Investment Management (aAIM), a company chaired by

Sir Alex Ferguson Sir Alexander Chapman Ferguson (born 31 December 1941) is a Scottish former professional football manager and player, best known for managing Manchester United from 1986 to 2013. He is widely regarded as the greatest manager of all time and ...

, for €400m. The mall was still under construction and was opened in November 2007 by Sir Alex. In November 2007 the company's name was changed from Elbit Medical Imaging Ltd. to Elbit Imaging Ltd. In March 2014 Elbit Imaging Ltd, Announces talks of purchasing "Gamida Cell"

Major holdings

Shopping malls

* Plaza Centers N.V. - a developer of shopping and entertainment centres in the Central and Eastern Europe region.

Hotels

* The Company has 2,332 rooms in operating hotels, in the UK, Netherlands, Belgium and Romania.

Bio-tech and medical devices

Insightec INSIGHTEC Ltd., is an Israeli privately held medical device company that sells MR guided Focused Ultrasound equipment. The technology can destroy deep tissue in the body without the need for incisions. History The company was founded by Kobi Vor ...

Ltd. * Gamida Cell Ltd.

Mega projects

* Casa Radio ( Dâmboviţa Center),

Bucharest Bucharest ( , ; ) is the capital and largest city of Romania. The metropolis stands on the River Dâmbovița (river), Dâmbovița in south-eastern Romania. Its population is officially estimated at 1.76 million residents within a greater Buc ...

, Romania * Dream Island,

, Hungary

Hi-tech

* Olive Software Inc. (18.33% holding) - a leading provider of digital edition and digital archiving solutions for the publishing industry. * Easyrun Ltd. (47.79% holding), a provider of call centers software solutions.

Retail

* Elbit Trade and Retail Ltd. - holds the

Gap (clothing retailer) The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates fou ...

and

Mango (clothing) Punto Fa, S.L., trading as Mango, is a Spanish fast-fashion retailer founded in Barcelona by brothers Isak Andic and Nahman Andic. It designs, manufactures and markets women, men and children's clothing and accessories. History Mango was foun ...

franchises in Israel

References

{{TA 100 companies Medical imaging equipment manufacturers Medical technology companies of Israel Investment companies of Israel Companies listed on the Nasdaq