Hygeia Nigeria Limited Acquires Gold Cross Hospital

Hygeia Nigeria Limited – Press Release (March 2017)

Lagoon Hospitals acquires Gold Cross Hospital

Lagos, Nigeria, March 7, 2017: Hygeia Nigeria Limited (“HNL”) has today announced the acquisition of Gold Cross Hospital (GCH), a 35 bedded multi-disciplinary, tertiary care hospital located at Bourdillon Ikoyi, Lagos, subject to regulatory approval. The acquisition also includes Gold Cross MRI Diagnostics located in Ikeja, a fully operational diagnostic centre with MRI, CT Scan and other diagnostics facilities.

This move is in line with Lagoon Hospital’s ambitious growth strategy and will bring its clinical and management experience and expertise in the operations of Gold Cross Hospital.

Lagoon Hospitals, part of Hygeia Group, is planning to develop Gold Cross Hospital as a multispecialist centre catering to secondary and tertiary care across various specialties not limited to
maternal and child health, Orthopaedics and Trauma, General and Minimal Access Surgery, emergency medicine and Cardiac Sciences. Senior clinicians from the Lagoon Hospital network will
augment the existing medical resource pool.

Established in 1989, Gold Cross Hospital over the last 25 years has risen to become one of the leading private medical facilities in Nigeria. Accredited by National Health Insurance Scheme, the hospital is a well-known medical centre offering quality clinical care services.

“This development is part of our ongoing expansion strategy. We are executing on this growth strategy by adding to our capacity. This development is coming soon after the recent expansion of
the Ikeja facility from 22 to 40 beds and upgrading of medical equipment, including addition of state-of –the-art diagnostic equipment. We believe that we will be able to integrate Gold Cross Hospital with our other hospitals fairly quickly to optimize clinical and service standards,” said Mr Max Coppoolse, Chairman of HNL, The founder of Gold Cross Hospital, Dr Ladi Okuboyejo said “This recently concluded integration of Gold Cross Hospital Bourdillon in Ikoyi and MRI Centre in Ikeja with the Hygeia Group is set to transform Nigeria into a hub for medical tourism in West Africa. It’s a step in the right direction for emergence of private multi specialist hospitals which will stem the tide for the need to seek medical treatment abroad considering the exchange rate of the dollar. For me personally, it’s a dream come true to leave a legacy that will outlive the founders”