Euracare

What Euracare does

Euracare is a private multi-specialty hospital founded in 2017 and headquartered in Victoria Island, Lagos, Nigeria. The facility operates as a wholly-owned subsidiary of Iwosan Investment Limited, a healthcare-focused holding company. Euracare delivers tertiary-level private healthcare across 19 clinical departments, including interventional cardiology, interventional radiology, adult and pediatric cardiology, bariatric and weight loss surgery, general surgery, gastroenterology, orthopedic surgery, neurology and neurosurgery, urology, endocrinology, gynaecology, and psychiatry, among others. The hospital positions itself as a premium alternative to outbound medical travel for Nigerian and West African patients, combining internationally trained specialist physicians (with training pedigree from the UK, US, Canada, and Japan) with advanced diagnostic imaging — high-resolution MRI, CT, mammography — and a teleradiology system staffed by remote radiologists in the UK, US, and Canada. The facility has performed multiple "first-in-Nigeria" procedures including TAVI (Transcatheter Aortic Valve Implantation), minimally invasive spinal surgery, ASD device closure in Nigeria's youngest patient, and transarterial chemoembolization for liver cancer.

Euracare generates revenue from three principal streams: direct fee-for-service billing for consultations, diagnostics (MRI, CT, X-ray, ultrasound, mammography), and surgical procedures; insurance billing through partnerships with seven major international and local insurers (AXA, Henner, BUPA, MetLife, Global, MSH, GOE); and international patient services revenue, which bundles clinical care with coordination, medical visa letters, airport transfers, and accommodation support for cross-border patients. Pricing is not publicly disclosed; transactions are quote-based with insurance pre-authorization where applicable. The go-to-market motion is direct-to-consumer, supported by a digital presence across website, WhatsApp, Facebook, Instagram, LinkedIn, and YouTube, plus content marketing through health blogs and patient testimonial videos. Customer segments span affluent Nigerian individuals and families, corporate employers and insurers channeling employee health benefits, and international patients from West Africa and beyond. The hospital is exposed to ongoing regulatory scrutiny following the 2026 coronial inquest into the death of Chimamanda Adichie's 21-month-old son, with the Nigerian Medical and Dental Council finding that senior clinical staff have a case of negligence to answer.

Name

Euracare

Legal name

Euracare Nigeria

Website

https://euracarehealth.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Euracare is a private multi-specialty hospital in Lagos, Nigeria, founded in 2017 as a subsidiary of Iwosan Investment Limited. It delivers premium tertiary care across 19 specialties — including interventional cardiology, interventional radiology, and bariatric surgery — staffed by internationally trained specialists and supported by advanced imaging and teleradiology.

Ownership category

akta.pro rank

Product category

Multi-Specialty Hospital Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Offices of Physicians (62111)

SIC

Services-Hospitals (8060), Services-General Medical & Surgical Hospitals, Nec (8062), Services-Misc Health & Allied Services, Nec (8090)

akta.pro primary industry

International/Medical Tourism Hospital Systems (HLAFAAAN)

akta.pro secondary industries

Bariatric & Metabolic Surgery Tourism Agencies (THAKAIAE), Orthopedic & Spine Surgery Tourism Agencies (THAKAIAG), Cosmetic & Plastic Surgery Tourism Agencies (THAKAIAD), Cross-Border Telemedicine, Second Opinion & Care Navigation Facilitators (THAKAIAM)

Keywords

• Multispecialty hospital services
• Interventional cardiology
• Diagnostic imaging services
• Minimally invasive surgery
• Private healthcare

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Medical Services Revenue: Euracare generates revenue through consultation fees, diagnostic services (MRI, CT, X-ray, ultrasound, mammography), surgical procedures across multiple specialties, and inpatient care services.
2. Insurance Billing: Revenue from partnerships with major health insurance providers including AXA, Henner, BUPA, MetLife, Global, MSH, and GOE through billing and pre-authorization processes.
3. International Patient Services: Revenue from international patients including treatment costs, coordination fees, and ancillary services such as accommodation assistance and transportation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Euracare is a multispecialty hospital in Lagos, Nigeria, delivering advanced medical and surgical care across 19+ clinical departments including interventional cardiology, interventional radiology, bariatric surgery, orthopedics, neurology, gastroenterology, urology, oncology, and diagnostic imaging. The hospital provides inpatient and outpatient services supported by internationally trained specialists and advanced diagnostic technology, including teleradiology with remote interpretation by radiologists in the UK, USA, and Canada. Additional offerings include dedicated international patient coordination and insurance billing partnerships with major international insurers.

Product overview

Euracare is a leading multispecialty hospital in Lagos, Nigeria, founded in 2017 as a wholly-owned subsidiary of Iwosan Investment Limited. The hospital delivers world-class medical care through 19 distinct medical and patient service departments. The core clinical services include Interventional Cardiology, Interventional Radiology, Adult & Pediatric Cardiology, Bariatric & Weight Loss Surgery, General Surgery, Gastroenterology, Orthopedic Surgery, Radiology, Urology, Family & Geriatric Medicine, General Medicine, Neurology & Neurosurgery, Endocrinology & Diabetology, Nutrition and Wellness, Breast Surgery, Dermatology, Gynaecology, Psychiatry & Sleep Therapy, and Rheumatology. These services are supported by patient-facing offerings including International Patient Services for coordinating care for overseas patients, and Patient Support Services providing transportation, accessibility accommodations, and insurance processing. The hospital emphasizes internationally trained specialists, advanced diagnostics, and personalized care across all specialties.

Differentiator

Problem solved

Functional benefit

Products and services

• Interventional Cardiology Advanced cardiac care using minimally invasive catheter-based procedures for diagnosing and treating complex heart conditions including stenting, angioplasty, and structural heart interventions.
• Interventional Radiology Minimally invasive image-guided diagnostic and therapeutic procedures using ultrasound, fluoroscopy, CT, and MRI for treating conditions without open surgery.
• Adult & Pediatric Cardiology Comprehensive cardiac care for patients of all ages from newborns to seniors, covering congenital heart defects, cardiovascular risk factors, and advanced cardiac interventions.
• Bariatric & Weight Loss Surgery Multidisciplinary obesity management combining surgical expertise with nutritional, psychological, and lifestyle support, including gastric balloon, sleeve gastrectomy, and mini gastric bypass procedures.
• General Surgery Expert surgical care for abdominal, breast, and gastrointestinal conditions with focus on minimally invasive techniques for both elective and emergency cases.
• Gastroenterology Prevention, diagnosis, and treatment of disorders affecting the digestive system including endoscopy, liver care, and gastrointestinal procedures.
• Orthopedic Surgery Diagnosis and treatment of musculoskeletal disorders affecting bones, joints, muscles, ligaments, tendons, and nerves with emphasis on minimally invasive procedures.
• Radiology State-of-the-art diagnostic imaging services including MRI, CT scans, mammography, X-rays, and ultrasound with teleradiology system for remote specialist interpretation.
• Urology Expert diagnosis and treatment for urinary tract and male reproductive health conditions using advanced Olympus video systems for precise, incision-free procedures.
• Family & Geriatric Medicine Ongoing personalized care for all life stages managing chronic conditions, preventive health, and complex needs of older adults.
• General Medicine Comprehensive primary care and internal medicine services for adults covering diagnosis, treatment, and prevention of acute and chronic health conditions.
• Neurology & Neurosurgery Treatment of brain, spine, and nervous system conditions combining non-surgical neurological management with minimally invasive neurosurgical interventions.
• Endocrinology & Diabetology Management of hormone-related conditions and diabetes with holistic, evidence-based approach including preventive care, diagnostics, and comprehensive treatment plans.
• Nutrition and Wellness Expert dietary coaching and wellness plans supporting lifestyle disease management, pre- and post-operative nutrition, and long-term wellbeing.
• Breast Surgery Expertly trained minimally invasive surgical techniques for reconstructive, reduction, diagnostic, and cosmetic breast procedures.
• Dermatology Expert diagnosis and treatment for all skin, hair, and nail disorders combining clinical precision with modern therapies.
• Gynaecology Comprehensive women's health services from routine reproductive care to surgical interventions with emphasis on accurate diagnosis and gentle recovery.
• Psychiatry & Sleep Therapy Combined psychological and medical expertise for treating mental health conditions and sleep disorders with holistic restoration approach.
• Rheumatology Specialized management of autoimmune, inflammatory, and musculoskeletal disorders using advanced diagnostics for long-term therapy.
• International Patient Services Coordinated care services for international patients including dedicated liaison, medical records review, visa assistance, accommodation arrangements, and financial guidance.
• Patient Support Services Comprehensive support including transportation assistance, mobility support, accessibility accommodations, patient liaison officers, and insurance processing guidance.

Quantifiable outcome

• First TAVI (Transcatheter Aortic Valve Implantation) performed in Nigeria
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• AXAcoreOthersMajor international insurance provider partnered with Euracare for health insurance coverage of patients at the hospital.
• HennercoreOthersInternational health insurance provider partnered with Euracare for patient coverage.
• BUPAcoreOthersGlobal health insurance company partnered with Euracare for patient medical coverage.
• MetLifecoreOthersMajor insurance provider partnered with Euracare for employee and individual health coverage.
• GlobalcoreOthersHealth insurance provider partnered with Euracare for patient coverage.
• MSHcoreOthersHealth insurance provider partnered with Euracare for patient coverage.
• GOEcoreOthersHealth insurance provider partnered with Euracare for patient coverage.
• Partner Hotels and Serviced ApartmentsminorStrategic or Co-development PartnerPreferred rates at partner hotels and serviced apartments near the hospital for international patients and their families.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Evercare Hospital Lagos: Evercare Hospital Lekki is a multi-specialty tertiary private hospital in Lagos serving affluent and insured patients. Direct peer on geography, customer segment (HNI/corporate insured), and multispecialty scope.
• Lagoon Hospitals: Lagoon Hospitals operates multi-specialty tertiary facilities in Lagos (Apapa, Ikoyi, Victoria Island). Comparable on multi-specialty private hospital positioning in Lagos with HMO/insurance partnerships.
• Reddington Hospital: Reddington Multi-specialist Hospital in Lagos offers advanced cardiac, surgical, and diagnostic services to private and insured patients. Closely comparable in specialty mix and HNI target segment.
• St. Nicholas Hospital: St. Nicholas Hospital is a Lagos-based multi-specialty private hospital with advanced cardiology and surgical services. Comparable in multi-specialty scope, Lagos catchment, and premium private positioning.
• Cedarcrest Hospitals: Cedarcrest Hospitals operates multi-specialty facilities in Lagos and Abuja serving private and corporate-insured patients. Comparable on geography, specialty breadth, and target market.

Broad incumbents

• Bumrungrad International Hospital: Bumrungrad is a global benchmark for medical tourism in Bangkok, serving international patients with advanced specialties. Comparable as a competing destination for West African patients seeking complex care abroad.
• Apollo Hospitals: Apollo is one of Asia's largest hospital chains and a leading medical tourism destination. Competes with Euracare for outbound African patients seeking tertiary care, particularly cardiology and oncology.
• Netcare: Netcare is South Africa's largest private hospital group with advanced tertiary services. Comparable as a regional African private hospital operator and competing destination for West African patients.
• Mediclinic International: Mediclinic operates private hospitals across Southern Africa, the UAE, and Europe. Comparable as an established private hospital operator with premium tertiary capabilities in Africa.

Others

• Africell Healthcare / Axios International: Axios International facilitates cross-border patient access and care navigation for complex cases in emerging markets. Comparable as an adjacent player in international patient coordination for West African patients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@euracare?si=Lk_j_x2TUY34acJl
• Facebookfacebook.com/share/1Bj6wnXQZQ/?mibextid=wwXIfr
• LinkedInlinkedin.com/company/euracare
• Instagraminstagram.com/euracare_?igsh=b3dtZ2N1NmJtbmFz
• Xx.com/Euracare_

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euracare