Hygeia HMO

Investment: Hygeia HMO
Sector: Care Delivery, HMO
Location: Nigeria
Investment date: Dec 2015
Deal type: Buy out and growth capital


Hygeia is an integrated healthcare delivery system which was founded in 1984 by Professor & Professor (Mrs) Elebute, a husband and wife team of physicians with over 50 collective years of medical experience at the time. The company’s operating units are Lagoon Hospitals, which began operations in 1986 as Lagoon Hospital Apapa, a multi‐specialist tertiary hospital facility in Lagos and later established additional hospitals at Ikeja and Victoria Island, which offer primary and secondary healthcare services respectively and Hygeia HMO, a health maintenance organization which provides health cover for companies and individuals throughout the country working with a network of 456 clinics and hospitals. It has also founded two not-for-profit organizations – Hygeia Community Health Plan, a subsidized health insurance scheme for low‐income communities, supported by the Dutch Health Insurance Fund and Hygeia Foundation which focuses on capacity building for healthcare professionals and which is one of the few private sector partners of the Global Fund for HIV/AIDS in Nigeria.

Hygeia has been at the forefront of healthcare in Nigeria and Lagoon Hospitals was the first hospital operator in Sub-Saharan Africa to receive international accreditation from Joint Commission International (JCI) and remains one of only two hospital groups in Sub-Saharan Africa with this accreditation. Lagoon Hospitals has also pioneered the provision of a number of specialties, hitherto confined to a few government owned teaching hospitals. In June 2013, Lagoon Hospitals became the first hospital in Africa to successfully execute the metallic replacement of a whole arm (bone and joints). Hygeia HMO was the first health maintenance organization to be accredited by the National Health Insurance Scheme (NHIS) in 2005.