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                                  EXHIBIT 12.1

          SECTION 302 CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER AND
                          PRINCIPAL FINANCIAL OFFICER

     I, Shimon Yitzhaki, certify that:

     1.  I have reviewed this annual report on Form 20-F of Elbit Medical
         Imaging Ltd. (the "Company");

     2.  Based on my knowledge, this report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this report;

     3.  Based on my knowledge, the financial statements, and other financial
         information included in this report, fairly present in all material
         respects the financial condition, results of operations and cash flows
         of the Company as of, and for, the periods presented in this report;

     4.  I am responsible for establishing and maintaining disclosure controls
         and procedures (as defined in Exchange Act Rules 13a- 15(e) and
         15d-15(e)) and internal control over financial reporting (as defined in
         Exchange Act Rules 13a- 15(f) and 15d-15(f)) for the Company and have:

         (a)      designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information relating
                  to the Company, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this annual report is being
                  prepared;

         (b)      (Reserved)

         (c)      evaluated the effectiveness of the Company's disclosure
                  controls and procedures and presented in this report our
                  conclusions about the effectiveness of the disclosure controls
                  and procedures as of the end of the period covered by this
                  report based on such evaluation; and

         (d)      disclosed in this report any change in the Company's internal
                  control over financial reporting that occurred during the
                  period covered by the annual report that has materially
                  affected, or is reasonably likely to materially affect, the
                  Company's internal control over financial reporting; and

     5.  I have disclosed, based on my most recent evaluation of internal
         control over financial reporting, to the Company's auditors and the
         audit committee of Company's board of directors (or persons performing
         the equivalent functions):

         (a)      all significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect the
                  Company's ability to record, process, summarize and report
                  financial information; and

         (b)      any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  Company's internal control over financial reporting.

Date:  June 30, 2005

         /s/ Shimon Yitzhaki
         ---------------------------
         Shimon Yitzhaki
         Principal Executive Officer & Principal Financial Officer