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Lagos partners IASO Consortium to build 140-bed Medipark hospital

The Lagos state government in partnership with IASO Consortium and Iwosan Investments has flagged off a healthcare hub project, Lagos Medipark hospital, aimed at improving the state’s healthcare system and reducing bed-space deficit.

At the groundbreaking ceremony of the Lagos Medipark project, the state governor, Mr. Babajide Sanwo-Olu emphasised on the importance of Public-Private Partnership (PPP), describing the project as a testament of the government’s commitment to create an enabling environment for the private sector to thrive.

He added that completion of the healthcare project would position the state as a premier destination for healthcare investment and establish it as a beacon of medical excellence on the African continent.

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“The Lagos Medipark aligns seamlessly with our administration’s T.H.E.M.E.S Agenda, particularly under the “Health and Environment” pillar. It symbolizes our determination to create a healthcare system that meets global standards and responds effectively to the diverse needs of our dynamic population,” he said.

He revealed that his predecessor attempted to embark on the project but faced resistance, expressing the government’s commitment to deliver a quality healthcare system.

He stressed that upon completion of the project by 2027, it would also offer top medical talent and cutting-edge technologies, fostering dynamic collaborations between local and international experts.

“As we embark on this journey, the Lagos Medipark is poised to revolutionize our healthcare system, taking it to unprecedented heights. This visionary project will offer top medical talent and cutting-edge technologies, fostering dynamic collaborations between local and international experts.

“It will generate thousands of direct and indirect jobs, driving economic growth across the state,” he said.

The CEO, Iwosan Investments & IASO Medipark SPV, Mrs. Fola Laoye said the project would be privately funded, stressing that 20 percent of the hospital beds would be reserved for the indigent population of Lagos state.

She added that the project would contribute to the state’s medical and nursing skills development, adding that it would create up to 1,000 jobs.

“We believe this is just the first of such that will be developed and delivered around Lagos State, and we are honoured to be partners with the State to actualize this vision,” she said.

Tatiana Moussalli Nouri, a co- promoter of the Lagos MediPark project, narrated how the team won the bid out of the 32 applicants from the Expression of Interest (EOI) phase, saying IASO Consortium signed the MediPark concession agreement after an extremely rigorous two-year process.

“Throughout this time, our team remained steadfast and united, driven by our shared passion, commitment, and resilience.

“What stands out about this consortium is that we are more than just a group of professionals, we are a community of individuals who are deeply passionate about making a difference in the healthcare space,” she said.

She reiterated that the goal was to create a lasting impact in the state and contribute to the development and provide world-class healthcare solutions.

The Chairman of the groundbreaking ceremony, Mr. Fola Adeola OFR, MNI, remarked that the birth of the hospital was made possible through the convergence of visionary leadership and purposeful collaboration.

“As a nation, we face an acute hospital bed deficit and a growing demand for specialized healthcare services. With a 140-bed multi-specialist hospital, a state-of-the-art diagnostics center, and integrated support facilities, Lagos Medipark aims to bridge this gap.

“But we are not just building a hospital; we are creating a community, a hub where innovation meets compassion, where health and well-being are prioritized, and where lives are transformed,” he said.

 

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