What ElsMed Healthcare Solutions does

ElsMed Healthcare Solutions is a private turnkey healthcare project provider founded in 1999 and headquartered in Tel Aviv, Israel, with regional offices in the United States, Kenya, Ethiopia, Uganda, and Ivory Coast. The company delivers end-to-end medical facility establishment services for public and private institutions, spanning consulting, planning, design, construction, equipment sourcing and installation, commissioning, staff training, and ongoing maintenance. Its core technology offering covers medical equipment integration across imaging systems, laboratory systems, oncology treatment (Varian Linac accelerators), and hyperbaric oxygen therapy chambers, supplemented by a refurbishment factory for pre-owned equipment and mobile/modular imaging solutions.

The company serves as the official representative of Siemens Healthineers (imaging and laboratory systems, with an operating ultrasound manufacturing facility in Ethiopia serving the global market) and Varian (oncology systems), and acts as a trusted business partner for Getinge, Fresenius, IHC, Olympus, and Medtronic. It holds ISO 9001:2008 and ISO 13485:2003 quality certifications. With 400 employees including 70 expert engineers and a multicultural team spanning seven languages, the company has completed over 250 medical facility projects across 50 countries, including 400+ imaging installations, 100+ laboratory installations, and 30+ Varian Linac installations.

Revenue is generated through four primary streams: turnkey healthcare projects (professional services contracts with public and private institutions), medical equipment sales and installation (hardware sales as official OEM representative), ongoing service and maintenance contracts (managed services providing recurring revenue), and refurbished equipment sales. Pricing is quote-based and not publicly disclosed, consistent with bespoke government-scale procurement. Customer concentration is heavily skewed toward government healthcare institutions in emerging markets across Africa, Eastern Europe, the Caucasus, and the Middle East, with additional private institutional presence in Israel where it holds 95%+ market share in the oncology segment.

Name

ElsMed Healthcare Solutions

Legal name

ElsMed Healthcare Solutions

Website

https://elsmed.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

ElsMed Healthcare Solutions is a private Israeli-headquartered firm delivering turnkey medical facility projects, equipment integration, and maintenance services for public and private healthcare institutions across emerging markets and Israel, operating as official representative of Siemens Healthineers and Varian.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Turnkey Healthcare Projects: Complete project delivery from concept to inauguration including consulting, planning, design, construction, equipment installation, commissioning, training, and maintenance. Revenue generated through comprehensive project contracts with public and private institutions.
2. Medical Equipment Sales & Installation: Sourcing, procuring, and installing state-of-the-art medical equipment and technology. As official representative of Siemens Healthineers and Varian, the company supplies imaging systems, laboratory equipment, oncology solutions, and other medical devices.
3. Service & Maintenance Contracts: Ongoing maintenance, calibration, and technical support services for medical equipment. Long-term partnerships providing routine maintenance, emergency repairs, and equipment upgrades to ensure continuous operation.
4. Refurbished Equipment Sales: Sale of refurbished pre-owned medical equipment through the company's refurbishment factory, extending equipment operational lifespan at reduced cost.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

ElsMed Healthcare Solutions delivers end-to-end turnkey healthcare facility projects for public and private medical institutions worldwide. The offering spans consulting, planning, design, construction, medical equipment sourcing and installation, commissioning, training, and ongoing maintenance. As the official representative of Siemens Healthineers and Varian, the company distributes and installs imaging, laboratory, oncology, hyperbaric, and mobile medical systems, supplemented by a refurbishment factory for pre-owned equipment.

Product overview

ElsMed Healthcare Solutions operates as a comprehensive turnkey healthcare project provider offering an integrated portfolio of services and medical equipment products. The core offering encompasses end-to-end project delivery (concept, planning, design, construction, installation, commissioning, training, and ongoing maintenance) supplemented by a dedicated equipment refurbishment factory. The product portfolio spans five major medical equipment categories: Imaging Systems (official Siemens Healthineers representative with 400+ installations), Laboratory Systems (100+ installations), Oncology Systems (Varian Linac accelerators with 95%+ Israeli market share), Hyperbaric Chambers, and Hospital Medical Products. The company also offers Mobile & Modular Systems for on-site imaging. All offerings are available as standalone services or integrated within complete turnkey healthcare facility projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Turnkey Healthcare Projects
• Medical Equipment Sales & Installation
• Service & Ongoing Maintenance Contracts
• Refurbished Medical Equipment
• Imaging Systems
• Laboratory Systems
• Oncology Systems
• Hyperbaric Chambers
• Mobile & Modular Imaging Systems

Quantifiable outcome

• 250+ medical facilities completed worldwide
• +5 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Siemens HealthineerscoreTechnology or IntegrationOfficial representative of Siemens Healthineers with established ultrasound factory in Ethiopia for global market. Distributes Siemens imaging systems and laboratory equipment. More than 400 imaging installations and 100+ lab installations completed worldwide through this partnership.
• VariancoreTechnology or IntegrationOfficial representative of Varian for oncology systems including Linac accelerators. More than 30 installations worldwide and holds more than 95% market share in the Israeli market for oncology treatment equipment.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• VAMED: VAMED is an Austrian-based global provider of turnkey hospital and healthcare facility projects, from planning and construction through equipment and operational management. Like ElsMed, VAMED delivers end-to-end healthcare infrastructure solutions to public-sector clients across emerging and developed markets.
• Elekta: Elekta is a Swedish manufacturer of radiation therapy and radiosurgery equipment (linacs, Gamma Knife) and配套 software for oncology treatment. Directly competes with ElsMed's Varian franchise in the oncology equipment space and sells into similar emerging-market hospital customers.
• Mindray: Mindray is a Chinese medical device manufacturer offering patient monitoring, in-vitro diagnostics, and medical imaging systems with strong penetration in emerging markets. Comparable to ElsMed's equipment distribution business in cost-competitive hospital rollouts across Africa, the Middle East, and Latin America.
• Canon Medical Systems: Canon Medical Systems manufactures diagnostic imaging equipment (CT, MRI, ultrasound, X-ray) and partners with regional integrators for emerging-market hospital deployments. Directly comparable to ElsMed's imaging systems business leveraging OEM partnerships.
• Hitachi High-Tech (Medical Systems): Hitachi's medical systems division produces MRI, CT, ultrasound, and particle therapy systems, with established distributor and service networks across emerging markets. Comparable as an OEM whose imaging portfolio overlaps with ElsMed's Siemens Healthineers-led turnkey projects.

Broad incumbents

• GE HealthCare: GE HealthCare is a global medical equipment manufacturer and services company offering imaging, ultrasound, and oncology solutions, with substantial emerging-market presence. Overlaps with ElsMed in imaging equipment distribution and turnkey hospital project capabilities, but operates at vastly broader scale across multiple verticals.
• Philips Healthcare: Philips Healthcare is a global medical technology company providing imaging, diagnostic, and patient monitoring equipment, alongside consulting and services for hospital transformation. Comparable to ElsMed in providing integrated hospital solutions and equipment, but as a tier-1 OEM with its own direct sales force rather than as a regional integrator.
• Getinge: Getinge is a Swedish medtech company providing surgical, ICU, and sterilization equipment alongside digital health and workflow solutions. Overlaps with ElsMed's portfolio of capital equipment for hospitals and is one of ElsMed's named business partners, making it both a supplier and an adjacent competitor in turnkey outfitting.
• STERIS: STERIS provides sterilization, infection prevention, and surgical equipment alongside hospital construction and installation services globally. Comparable to ElsMed's broader turnkey and equipment-installation capabilities, particularly around operating-room buildouts and CSSD installations.
• Drägerwerk: Drägerwerk is a German manufacturer of medical and safety technology, including anesthesia, ventilation, patient monitoring, and neonatal care equipment. Comparable to ElsMed in supplying capital equipment to hospitals and participating in integrated clinical infrastructure rollouts, though at much larger scale and as an OEM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks1 record

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC3X5cUfxAfmb-A2OnJAwvMA
• LinkedInlinkedin.com/company/elsmed-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ElsMed Healthcare Solutions