Investment
Hygeia Nigeria Limited

Sector
Health insurance/HMO

Location
Nigeria

Investment date
March 2007

Fund
IFHA-I

Deal type
Growth capital

Exit
December 2015

Website
www.hygeiagroup.com


HYGEIA NIGERIA LIMITED

Hygeia Nigeria Limited (Hygeia) is the leading West African provider of integrated healthcare. Hygeia began operating in 1986 at what has now become its flagship hospital, Lagoon Hospital Apapa, a multi-specialist tertiary facility in Lagos, Nigeria. Since then the company has expanded its business to include two further hospitals in the Ikeja and Victoria Island districts of Lagos as well as two subsidiaries operating in the Health Insurance market - Hygeia HMO and Hygeia Community Health Plan.
In May 2011 the Lagoon Hospitals became the first Joint Commission International (JCI) accredited hospitals in Sub Saharan Africa. The JCI is the worldwide leader in improving the quality of health care.

Hygeia HMO is a health maintenance organization providing managed care to over 250,000 individuals through a network of more than 1,200 providers across Nigeria. Hygeia Community Health plan is a donor funded initiative that aims to improve access to quality healthcare for low income groups in Nigeria, with over 75.000 members.

Over the next few years, with IFHA’s involvement, Hygeia will expand its hospital footprint by adding more sites across Nigeria as well as make a substantial investment in its HMO business.