NSIA Launches Two Healthcare Companies, Acquires Diagnostic Operation
Posted on 05/02/2023
The Nigeria Sovereign Investment Authority (NSIA), managers of Nigeria’s sovereign wealth fund have announced the launch of two healthcare companies: the NSIA Advanced Medical Service Ltd (MedServe) and Equilease Systems Limited (Equilease) and the receipt of the Enugu State Medical Diagnostic Centre (the Centre) from the Enugu State Government under its healthcare expansion plans. The launch and handover celebration was handled on the grounds of the diagnostic centre in Enugu. MedServe will be the vehicle to deliver NSIA’s healthcare expansion. Its goal is to provide high quality and affordable healthcare services and easier access to these services. The company will develop, equip, and operate NSIA’s expanding portfolio of healthcare operations and offer these medical services nationwide.
EquiLease is a specialized equipment leasing service provider. Thought to be a market disruptor, the company will provide medical equipment leasing services, leveraging its strategic advantage to catalyze investments in healthcare institutions and facilitating the acquisition of equipment to improve the quality of care in the country. Equilease will partner with medical equipment manufacturers to offer innovative financing and leasing programs for advanced medical equipment. It will offer services exclusively to MedServe. As mentioned, The Authority’s Management also received the transfer of the Enugu State Medical Diagnostic Centre from the Enugu State Government. Following the transfer, the Centre will be rehabilitated and upgraded to deliver both Diagnostic and Oncology services covering automated laboratory services ranging from imaging to radiotherapy, chemotherapy, brachytherapy and more. The Centre will be managed and operated by MedServe while re-equipping will be delivered through the leasing services provided by EquiLease.
Mr. Aminu Umar-Sadiq, MD & CEO, NSIA, said: “Over the past five years, we have built a strong and successful portfolio of healthcare service delivery centres. The transfer of the Enugu Centre for upgrade and rehabilitation is one of the steps in our journey towards making healthcare accessible and affordable for all Nigerians. The Centre is one of the 23 centres to be upgraded for Oncology and Diagnostic services. MedServe and Equilease are transformative, market-disrupting entities that will deliver a unique set of connected solutions to bridge the gaps in Nigeria’s healthcare industry. The outcome from the creation of these entities is expected to strengthen the industry’s value chain and unclog the constraints created by insufficient financial investments, inadequate manpower capacity and substandard services.”
Nigeria Sovereign Investment Authority is a sovereign wealth fund set up to manage funds in excess of budgeted oil revenues. Its mission is to play a role in driving sustained economic development for the benefit of Nigerians by building savings for the Nigerian people, enhancing the development of Nigeria’s infrastructure, and providing stabilization support in times of economic stress. NSIA operates three mandate funds: The Stabilization Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund.