Iwosan Investments, the Lagos-based healthcare investment company led by Nigerian businessman Fola Adeola, has acquired Paelon Memorial Hospital, one of Lagos well-established multi-specialist medical centers, in a move that is part of a broader plan to expand its footprint through a mix of acquisitions and new hospital developments while raising the standard of care for patients across the country.
The company said the deal strengthens its position in Nigerias healthcare sector and supports its goal of building a network of facilities that offer reliable, modern and patient-focused services. The acquisition also fits into Iwosans approach of blending operational improvements with long-term investment in people, systems and infrastructure.
Paelon joins Iwosan to strengthen healthcare in Nigeria