Hygeia II

completed

Hygeia Nigeria Limited (“HNL” or the “Company”), headquartered in Lagos Nigeria, is an integrated health care company offering both hospital and health maintenance organization (“HMO”) services to the formal sector. The Company owns and operates three Lagoon Hospitals in Apapa, Ikeja and Victoria Island. In addition, HNL manages 14 worksite clinics and provides HMO cover for over 250,000 lives through a network of over 1400 clinics and hospitals throughout Nigeria. This is a repeat investment by IFC in the Company. IFC initially invested in HNL in 1999 through the African Enterprise Facility and this project is now complete. Subsequent to this, in 2007 IFC undertook a further investment in HNL to facilitate renovation and expansion of the hospitals, assist with implementation of information technology system, refinance debt and provide working capital. This investment is still in progress. The Company is undertaking an expansion of it hospital network (“Lagoon Hospitals”) and Health Management Organization (“HMO”) operations through: - the upgrade of existing information technology (“IT”); - construction of a 30-bed hospital; and - construction of an oncology centre at one of its hospitals in Lagos including an additional 20 beds (the “Project”).