GE Acquires Elscint's Share of ELGEMS

(Haifa, Israel) in ELGEMS, a joint venture formed by GE and Elscint in 1997 to manufacture nuclear imaging systems. As a result, ELGEMS becomes a wholly owned GE business. The transaction reaffirms GE's commitment to the field of nuclear medicine as well as its Center of Excellence in Isreal, says the company.

ELGEMS, also based in Haifa, is responsible for the research, development, engineering, and manufacturing of all GE Medical gamma cameras and other nuclear imaging and positron emission tomography (PET) products. GE Medical and Elscint pioneered the development of the Hawkeye imaging system, which combined the anatomic delineation of computed tomography (CT) with the functional imaging capabilities of nuclear medicine. Under the terms of a new sourcing agreement, Elscint will continue to act as the primary source for the various components used in ELGEMS nuclear imaging products.

"ELGEMS has contributed significantly to GE Medical's nuclear imaging business,” said Beth Klein, vice president and general manager of nuclear medicine for GE medical. "The strategic supply agreement with Elscint has played a role in our success.”



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