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Hygeia Expansion

Sector: Hospital • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Completed

This project involves expansion of several operations of Hygeia Limited, which is a private sector provider of hospital and health maintenance organization (HMO) services in Nigeria. Through IFC’s African Enterprise Fund (AEF) in 1999, IFC previously invested in Hygeia. The key elements of the current proposed project include: upgrade, renovation and expansion of three Hygeia hospitals: - Lagoon

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Project Information

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The project “Hygeia Expansion” is an infrastructure initiative in the Hospital sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

This project involves expansion of several operations of Hygeia Limited, which is a private sector provider of hospital and health maintenance organization (HMO) services in Nigeria. Through IFC’s African Enterprise Fund (AEF) in 1999, IFC previously invested in Hygeia. The key elements of the current proposed project include: upgrade, renovation and expansion of three Hygeia hospitals: - Lagoon Apapa, Lagoon Victoria Island (VI), and Lagoon Ikeja;- a doubling of the overall capacity of the Hygeia’s hospitals in Lagos from 50 to 100 beds; - establishment of five regional offices and the expansion of information technology infrastructure in relation to its HMO business; - refinancing of a 5 year loan with a local Nigerian bank used to purchase MRI, CT Scan, and other critical care equipment in 2004 and 2005; and- funding of working capital to facilitate the company’s expansion program.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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