Elscint starts feeling health-care heat

Article

Israeli medical imagingvendor Elscint began to feel the imaging market downturn thisyear. The vendor had unusually strong results, relative to a depressedindustry, in 1993. But revenues declined 4% in the first quarterof 1994 (end-March), to $54.2

Israeli medical imagingvendor Elscint began to feel the imaging market downturn thisyear. The vendor had unusually strong results, relative to a depressedindustry, in 1993. But revenues declined 4% in the first quarterof 1994 (end-March), to $54.2 million from $56.9 million in thesame period last year. Quarterly net income dropped from $4.5million in 1993 to $3.1 million.

Elscint cited increasing worldwide cost-containment pressuresfor medical services as well as U.S. health-care reform uncertaintyas reasons for the performance decline. Bookings for the quarterwere less than expected, resulting in a 9% decrease in Elscint'sorder backlog, the company said.

Elscint may also have been affected by an apparent downturnthis year in the nuclear medicine camera business, which had beenrelatively healthy last year (SCAN 4/6/94). The vendor is initiatingcost-cutting measures in response to the slowing business, accordingto president and CEO Shmuel Parag.

Recent Videos
Improving Access to Nuclear Imaging: An Interview with SNMMI President Jean-Luc C. Urbain, MD, PhD
SNMMI: 18F-Piflufolastat PSMA PET/CT Offers High PPV for Local PCa Recurrence Regardless of PSA Level
SNMMI: NIH Researcher Discusses Potential of 18F-Fluciclovine for Multiple Myeloma Detection
SNMMI: What Tau PET Findings May Reveal About Modifiable Factors for Alzheimer’s Disease
Emerging Insights on the Use of FES PET for Women with Lobular Breast Cancer
Can Generative AI Reinvent Radiology Reporting?: An Interview with Samir Abboud, MD
Mammography Study Reveals Over Sixfold Higher Risk of Advanced Cancer Presentation with Symptom-Detected Cancers
Combining Advances in Computed Tomography Angiography with AI to Enhance Preventive Care
Study: MRI-Based AI Enhances Detection of Seminal Vesicle Invasion in Prostate Cancer
What New Research Reveals About the Impact of AI and DBT Screening: An Interview with Manisha Bahl, MD
Related Content
© 2025 MJH Life Sciences

All rights reserved.