In Lagos, hospitals do not usually make headlines. Yet Paelon Memorial Hospital quietly did, by changing owners and possibly altering the future of private care in Nigeria. All thanks to Fola Adeola
Iwosan Investments, co-founded by Adeola, announced the acquisition as part of its growing plan to build a national network of advanced medical facilities. The deal placed a respected hospital inside a wider healthcare strategy.
Paelon had already earned a reputation. It became Africa’s first SafeCare Level 5 certified hospital. Patients often cited its efficiency and quieter, more personal atmosphere. Now it would operate with new resources while keeping its clinical standards. Iwosan promised investment in people, systems, and infrastructure. A hospital known for precision might soon be known for scale.