Nigerian health firms see expansion as acquisition deals rise - Businessday

A spate of acquisition deals in the last five years has helped hospitals and pharmaceuticals in Nigeria boost operations and ramp up their market share. Multimillion-dollar acquisitions such as Iwosan Investments’ purchase of Lagoon Hospital in 2022 and AfyA Care Nigeria’s purchase of majority stakes in R-Jolad Hospital in 2021 signalled growing investors’ confidence in the prospects of healthcare businesses. It also marked a shift towards the creation of a network of health specialties by local investors at a scale often led by foreign direct investments in health-tech companies. “We should have more mergers and acquisitions in the future judging by how the economy has fared.

businessday.ng     Nov 03, 2023