Hailey Tran
Lagoon Hospitals, one of the largest healthcare companies in Nigeria, was established in 1986 under the Hygeia Group. In 2021, it was acquired by IWOSAN Investments Limited, a private healthcare investment company dedicated to investing in the Nigerian healthcare market. The co-founders of IWOSAN Investments Limited are Fola Adeola and Fola Laoye, who also serves as the company's CEO.
| Characteristics | Values |
|---|---|
| Current owner | IWOSAN Investments Limited |
| Previous owner | Hygeia Group |
| Co-founder and CEO of IWOSAN | Mrs. Fola Laoye |
| Co-founder and Chairman of IWOSAN | Mr. Fola Adeola |
| Locations | Ikeja, Apapa, Victoria Island, Ikoyi, Adeniyi Jones, and Lagoon Specialist Suites in Victoria Island |
| Specialities | Orthopedics and trauma, general surgery, critical care, medical and surgical oncology, urology, cardiology, obstetrics, and gynecology |
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What You'll Learn
- Lagoon Hospitals was acquired by IWOSAN Investments Limited in 2021
- IWOSAN is a healthcare investment company aiming to improve Nigeria's healthcare landscape
- Lagoon Hospitals was founded in 1986 under the Hygeia Group
- Fola Laoye is the co-founder and CEO of IWOSAN and was a founding board member of Hygeia Group Nigeria
- Lagoon Hospitals is one of the largest healthcare companies in Nigeria
Lagoon Hospitals was acquired by IWOSAN Investments Limited in 2021
Lagoon Hospitals, one of the largest healthcare companies in Nigeria, was acquired by IWOSAN Investments Limited in 2021. Lagoon Hospitals was established in 1986 under the Hygeia Group and has since provided a range of primary and tertiary healthcare services in four locations: Lagoon Apapa, Lagoon Ikeja, Lagoon Victoria Island, and Lagoon Ikoyi. The hospital in Apapa is the flagship hospital.
IWOSAN Investments Limited is a healthcare investment company dedicated to investing in the Nigerian healthcare market. The company was launched to transform and improve Nigeria's healthcare landscape by investing in key healthcare infrastructure across the country. The acquisition of Lagoon Hospitals Group, with its facilities across Lagos, marked a significant step towards this goal.
Mrs. Fola Laoye, co-founder and CEO of IWOSAN, expressed that the acquisition benefits all stakeholders, including patients, team members, and the medical community. She emphasized the opportunity to combine IWOSAN's vision with Lagoon's strong clinical services and internationally recognized standards through its Joint Commission International (JCI) accreditation.
Following the acquisition, Lagoon Hospitals has been rebranded as IWOSAN Lagoon Hospitals. The new ownership enables the upgrade and expansion of its facilities, incorporating technological advancements and process improvements. It also facilitates the opening of new locations and clinical services, expanding access to target populations in Lagos and beyond.
IWOSAN Lagoon Hospitals is committed to providing patient-first, world-class healthcare services. The name "IWOSAN" means "to cure" or "to heal," reflecting the company's mission to drive access to quality healthcare services and build local capacity. The company is headed by reputable founders who have made significant contributions to their communities, including Mr. Fola Adeola OFR, a seasoned businessman and investor who played a pivotal role in Nigeria's Pension Reform.
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IWOSAN is a healthcare investment company aiming to improve Nigeria's healthcare landscape
Lagoon Hospitals is one of the largest healthcare companies in Nigeria, providing primary and tertiary healthcare services in several locations across the country. In 2023, IWOSAN Investments Limited, a healthcare investment company, acquired Lagoon Hospitals Group with its facilities in Lagos – Ikeja, Apapa, Victoria Island, and Ikoyi.
IWOSAN, which means "to cure" or "to heal", was launched with the vision of transforming and improving Nigeria's healthcare landscape. The company aims to make strategic investments in key healthcare infrastructure across the country. Mrs. Fola Laoye, co-founder and CEO of IWOSAN, stated that the acquisition of Lagoon Hospitals provides an opportunity to launch IWOSAN's vision with a solid platform of strong clinical services and internationally benchmarked standards.
IWOSAN Lagoon Hospitals, founded in 1986, is committed to providing patient-first, world-class healthcare services. The hospital specializes in various fields, including orthopedics, trauma, general surgery, critical care, medical and surgical oncology, urology, cardiology, obstetrics, and gynecology. The hospital has achieved several milestones, including being the first private hospital in the country to perform open-heart surgery and the first hospital in Sub-Saharan Africa to earn accreditation from Joint Commission International (JCI).
The Joint Commission International is the world's leader in healthcare accreditation, setting rigorous international standards for quality and patient safety. Lagoon Hospitals has consistently demonstrated compliance with these standards, reflecting its commitment to providing safe and effective patient care. Additionally, Lagoon Hospitals has made significant investments in electronic systems for keeping patients' medical records, integrating patient care across its hospitals and physicians' practices.
With the acquisition of Lagoon Hospitals, IWOSAN Investments Limited demonstrates its dedication to investing in the Nigerian healthcare market and actively improving the healthcare sector across the country. The company's mission aligns with its name, aiming to provide healing and quality healthcare services to the communities it serves.
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Lagoon Hospitals was founded in 1986 under the Hygeia Group
Lagoon Hospitals, one of the largest healthcare companies in Nigeria, was founded in 1986 under the Hygeia Group. The healthcare company provides a range of primary and tertiary healthcare services in four locations: Lagoon Apapa, Lagoon Ikeja, Lagoon Victoria Island, and Lagoon Ikoyi. The Hospital in Apapa is the flagship hospital.
Lagoon Hospitals have pioneered advanced medical care in Nigeria. Lagoon Hospitals became the first private hospital in the country to successfully perform open-heart surgery. The surgery was performed by a team of resident Nigerian healthcare professionals. Lagoon Hospitals in Apapa and Ikeja also became the first hospitals in Sub-Saharan Africa to earn accreditation from the Joint Commission International (JCI), a globally acclaimed and recognised agency that certifies hospitals and healthcare providers.
Lagoon Hospitals achieved another major feat with its investment in a new, complete electronic system for keeping patients' medical records. This system aims to integrate patient care across its various hospital locations and physicians' practices. The group also inaugurated an ultramodern Primary Healthcare Outpatient Complex in Apapa to prioritise primary healthcare services in Nigeria. The outpatient complex is projected to meet the growing demand for quality healthcare and strengthen the Nigerian primary healthcare system.
In 2023, IWOSAN Investments Limited, a healthcare investment company dedicated to transforming and improving Nigeria's healthcare landscape, acquired Lagoon Hospitals. Mrs. Fola Laoye, co-founder and CEO of IWOSAN, stated that the acquisition would benefit all stakeholders and launch IWOSAN's vision with Lagoon's strong clinical services and standards. Fola Laoye was also a founding board member of the Hygeia Group Nigeria, the founders of Lagoon Hospitals.
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Fola Laoye is the co-founder and CEO of IWOSAN and was a founding board member of Hygeia Group Nigeria
Fola Laoye is a prominent figure in the Nigerian healthcare sector, known for her extensive business experience and contributions to the development of healthcare in the country. She is the co-founder and CEO of IWOSAN Investments Limited, a healthcare investment company dedicated to transforming and improving Nigeria's healthcare landscape.
IWOSAN, which means "to cure" or "to heal," was established with the vision of providing patient-first, world-class healthcare services. The company aims to invest in key healthcare infrastructure and develop innovative strategies to guarantee global standards of safety and quality in healthcare systems. The acquisition of Lagoon Hospitals Group by IWOSAN in 2023 is a testament to their commitment to improving healthcare in Nigeria.
Prior to her role at IWOSAN, Fola Laoye played a significant role in the establishment and growth of Hygeia Group Nigeria, where she served as a founding board member. Hygeia Group Nigeria is the founder of Lagoon Hospitals, which was established in 1986. Lagoon Hospitals have pioneered advanced medical care in Nigeria, becoming the first private hospital to successfully perform open-heart surgery in the country. The group has earned international recognition for its quality and patient safety standards, receiving accreditation from the Joint Commission International (JCI).
Fola Laoye's association with Hygeia Group Nigeria spanned several years, during which she served as CEO from 2002 to 2012 and as Chairperson from 2012 to 2015. Her leadership and expertise contributed to the group's success and reputation in the Nigerian healthcare industry. In addition to her role at IWOSAN, Fola Laoye currently holds various prominent positions. She is a trustee of the Board of the Society for Quality in Healthcare in Nigeria (SQHN) and a member of the Board of the Institute of Healthcare Improvement (IHI) in the USA. She also serves as Chairperson of the boards of Old Mutual Life Assurance and FSDH Asset Management and is actively involved in philanthropic endeavours, such as chairing the Elebute-LUTH Welfare Board.
Fola Laoye's educational background and professional qualifications further highlight her expertise. She holds an MBA from Harvard Business School and a bachelor's degree in accounting from the University of Lagos, Nigeria. She is a Chartered Accountant, having received training from renowned firms like Ernst & Young and Coopers & Lybrand (now PwC). Her extensive business experience and financial acumen have contributed to her successful career in the healthcare industry, both in Nigeria and internationally.
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Lagoon Hospitals is one of the largest healthcare companies in Nigeria
The healthcare company provides a comprehensive range of primary and tertiary healthcare services across its locations. The flagship hospital, Lagoon Apapa, is accompanied by Lagoon Ikeja, Lagoon Victoria Island, and Lagoon Ikoyi. Additionally, Lagoon Clinics in Adeniyi Jones, Ikeja, and Lagoon Specialist Suites in Victoria Island, bring the total number of locations to six.
Lagoon Hospitals has consistently prioritized innovation and patient-centric care. In 2011, it became the first hospital in Sub-Saharan Africa to earn the prestigious Gold Seal of Approval from the Joint Commission International (JCI). This recognition is a testament to Lagoon Hospitals' commitment to international best practices, quality, and patient safety. The hospital group has also invested in a new, complete electronic system for keeping patients' medical records, integrating patient care across its hospitals and physicians' practices.
Lagoon Hospitals has continued to expand and improve its services. In 2013, it conducted the first metallic replacement of the whole arm bone and joints in Africa, and in 2014, it received JCI re-accreditation. In recent years, Lagoon Hospitals has been acquired by IWOSAN Investments Limited, a healthcare investment company dedicated to transforming and improving Nigeria's healthcare sector. This acquisition reinforces IWOSAN's commitment to providing world-class, patient-first healthcare services and building local capacity to drive access to quality healthcare in Nigeria.
With its history of achievements and a dedicated team, Lagoon Hospitals has solidified its position as a leading healthcare provider in Nigeria, earning its place among the largest and most respected healthcare companies in the country.
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Frequently asked questions
As of 2023, Lagoon Hospitals is owned by IWOSAN Investments Limited, a healthcare investment company.
IWOSAN was founded by reputable citizens, investors, and community catalysts Mr. Fola Adeola and Mrs. Fola Laoye.
The company's mission is to consistently provide patient-first, world-class healthcare services.
Lagoon Hospitals have facilities in Lagos, Nigeria, including Ikeja, Apapa, Victoria Island, and Ikoyi.
