Odua Investment Company Limited (OICL) has announced a strategic investment in Iwosan Investments Limited, intending to reverse medical tourism by driving innovation and enhancing access to quality healthcare locally.
Bimbo Ashiru, Group Chairman of the Company said the investment is part of efforts to boost the role of southwest region economic development of the Country.
“This initiative not only demonstrates Odua’s aspirations at economic diversification but establishes a sustainable legacy that can thrive for future generations,” he said.
Abdulrahman Yinusa, Odua Group Managing Director, said the new direction of the company is to implement strategies aligned to its mission to support investments that create new opportunities for economic growth in its sectors of interest.
Founded in 2019, Iwosan Investments Limited is a healthcare investment platform currently operating five centres for healthcare delivery in Lagos and with plans to expand into other major cities.
In 2021, the company acquired Lagoon Hospitals, one of the largest fully integrated healthcare franchises in West Africa.
Recently, Iwosan initiated the development of a public-private partnership for the development of the Lagos MediPark.
The project is designed to incorporate excellent clinical standards and expertise within a setting of world-class infrastructure, to increase access to acute specialty healthcare services for Nigerians.
OICL, incorporated in 1976, is a conglomerate with substantial investments in real estate, hospitality, financial services, energy, agriculture, logistics, healthcare, and ICT, continuing to serve as a beacon of regional and national development.
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