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Hygeia obtains fiscal partnership for growth plans

By Naomi Uzor

Hygeia, owners of Lagoon Hospitals, Lagos have secured over $26m of strategic financial partnership with Satya Capital, IFC and FMO (the Netherlands Development Finance Company) to support the organisation’s plans for considerable growth and quality improvements in key areas of its integrated healthcare business.

Good Health Weekly gathered that Satya’s equity investment of $18 million alongside a total of $8 million in new debt facilities from IFC and FMO will allow the organisation to expand its hospital group and its health maintenance organisation.

Through this combined investment, the organisation aims to uphold its vision of being the first choice  healthcare provider with international standards in Nigeria.

Founder of the Lagoon Hospitals, Prof Ade Elebute said the funds will be used to provide additional 150 beds in Lagoon hospitals across the country as well as clinical specialities in their existing multi-speciality hospital operations iand clinical specialities incluing advanced orthopaedics, trauma, oncology (cancer), renal (kidney) care and cardiac surgery services.

There will also be substantial investment in Hygeia HMO, including the upgrade of the information technology systems to improve operational efficiencies and increase access to quality.

Group Managing Director, Hygeia, Mrs Fola Laoye said by enhancing its operational efficiencies and quality standards, the company will demonstrate best-in-country administrative and patient care practices thereby contributing to quality improvements within the nations medical community.

“Healthcare is a capital intensive sector and  critical to  development of any nation. We have been operating in the Nigerian healthcare industry for 23 years and believe that through the four arms of our group, we have made a vital contribution to improving  access and provision of quality healthcare services for Nigerians.”


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