KEY POINTS
- Iwosan Investments strengthens healthcare in Nigeria.
- Acquisition boosts patient-focused medical services.
- Deal supports Iwosan’s national expansion strategy.
Iwosan Investments has acquired Paelon Memorial Hospital, marking another step in the Lagos-based healthcare group’s push to expand its medical network and improve patient outcomes nationwide.
The deal adds one of Lagos’ best-known multispecialist centers to a growing portfolio backed by Nigerian businessman Fola Adeola.
The company said the acquisition reinforces its long-term plan to build modern, reliable facilities across the country while raising the quality of care through stronger systems, deeper clinical expertise, and steady infrastructure investment.
Investments strengthens healthcare in Nigeria with Paelon partnership
Paelon Memorial Hospital, the first African facility to earn a SafeCare Level 5 certification, brings a reputation for evidence-based practice and consistent clinical discipline. Iwosan said the hospital will now benefit from expanded operational capacity in finance, administration, HR, and clinical development, while allowing it to broaden its specialist services without losing its identity.
Iwosan CEO and co-founder Fola Laoye said Paelon’s history made the partnership easy to pursue. She praised its “15-year legacy of excellence” under founder Dr. Ngozi Onyia, noting the group’s model keeps each hospital independent while integrating shared systems for efficiency.
Furthermore, Dr. Onyia said joining the group will help Paelon deepen its long-held commitment to compassionate and ethical care. She also described the partnership as a continuation of a mission built on “evidence-based care for every patient.”
Iwosan Investments strengthens healthcare in Nigeria through expansion
Founded in 2019 by Adeola and Laoye, Iwosan has grown rapidly by combining acquisitions with new developments. Furthermore, the group has consistently invested in upgrades, specialist recruitment, and diagnostic improvements aimed at creating a reliable nationwide ecosystem.
Billionaire’s Africa reports that its biggest milestone came with the 2022 purchase of Lagoon Hospitals Group, which unified operations under the Iwosan Lagoon Hospitals brand. Last year, it opened a new full-service hospital in Victoria Island, now a major center for advanced clinical services.
