MEDEXIA LTD

What MEDEXIA LTD does

Medexia Limited is an indigenous Nigerian Health Maintenance Organization (HMO) incorporated in November 1996 and headquartered at 221 Ikorodu Road, Ilupeju, Lagos, with branch offices in Abuja and Port Harcourt. The company is accredited by the National Health Insurance Scheme under registration number HMO/44 and operates a network of more than 300 accredited hospitals and clinics across at least 17 Nigerian states, including dental, optical, and referral specialists. Its core product is the Medical Expenses Administration Scheme (the "Medexia Scheme"), a fee-based third-party administration service that manages corporate employee medical benefits, supplemented by four tiered prepaid individual and family health plans (Basic, Bronze, Platinum, Ultra Care) billed annually, and complementary services including clinic management, health audit, and Health, Safety and Environment consultancy. Through a partnership with Asclepius (International) Limited in place since January 1998, Medexia also distributes S.O.S emergency evacuation and blood care programme coverage, and it participates in NHIA/MDG/MCH, TSHIP, and Community-Based Health Insurance government programmes. Medexia generates revenue primarily through recurring HMO premiums and administration fees, annual prepaid plan subscriptions, and managed-services fees; its technology footprint consists of a Hospital Management System (HMS) for enrollee bill viewing and HR administration, a KYC Update Portal, and a website with self-serve quote and registration forms — no proprietary AI or ML capabilities are described. The company is privately held and founder/management-owned, with no disclosed external institutional investors and a board composed largely of senior insurance and pension industry veterans.

Name

MEDEXIA LTD

Legal name

Medexia Limited

Website

https://medexia.com

Company type

Private

Founded year

1996

Operating status

Operating

Short description

Medexia Limited is an NHIS-accredited Nigerian Health Maintenance Organization providing corporate medical expense administration and four tiered prepaid individual/family health plans through a 300+ accredited provider network across Nigeria.

Ownership category

akta.pro rank

Product category

Health Insurance / Health Management Organisation (HMO)

NAICS

Direct Health and Medical Insurance Carriers (524114)

SIC

Hospital & Medical Service Plans (6324), Accident & Health Insurance (6321)

akta.pro primary industry

Medicaid Managed Care HMOs (HLAEAMAI)

akta.pro secondary industry

Healthcare-Linked Social Benefits Administration (e.g., Medicaid/Means-Tested Health Coverage) (BPAIAKAH)

Keywords

• Health insurance administration
• Health management organization
• Medical expense administration
• Prepaid health plans
• Corporate health benefits

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. HMO Premiums and Administration Fees: Medexia generates revenue through managing medical expense benefits for corporate employees via its Medical Expenses Administration Scheme, charging premiums and administration fees to corporate clients.
2. Pre-paid Health Plans: Individual and family health insurance plans offered as prepaid packages (Basic, Bronze, Platinum, Ultra Care tiers) with recurring premium payments.
3. Third-Party Administration Services: Fee-based administration services for managing medical expenses for corporate clients, including clinic management and health audit services.
4. Emergency Evacuation and Blood Care Programme: As agent for Asclepius (International) Limited, Medexia handles S.O.S emergency evacuation and blood care programme schemes.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Medexia Limited is a National Health Insurance Scheme (NHIS)-accredited Health Management Organisation that administers medical expense benefits for corporate employees in Nigeria through its Medical Expenses Administration Scheme. It also sells four tiers of Pre-Paid Health Plans (Basic, Bronze, Platinum, Ultra Care) to individuals and families, supported by a network of 300+ accredited hospitals and clinics across Nigeria.

Product overview

Medexia Limited is a Health Management Organisation (HMO) providing health insurance and medical expense administration services in Nigeria. The company operates primarily as a fee-based administrator for corporate employee medical benefit schemes, offering four tiers of Pre-Paid Health Plans (Basic, Bronze, Platinum, and Ultra Care). The portfolio includes Third Party Administration, Clinic Management, Health Audit, and Health, Safety and Environment Consultancy services. The company also provides an online KYC Update Portal and Hospital Management System (HMS) for enrollees and HR administrators. Medexia participates in government health programmes including NHIA/MDG/MCH, TSHIP, and Community-Based Health Insurance. Through its partnership with Asclepius (International) Limited, the company offers S.O.S Emergency Evacuation and Blood Care Programme services. The core offering is the Medical Expenses Administration Scheme, which uses a network of over 300 accredited hospitals and clinics across Nigeria.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Management Organisation (HMO) Services Core health insurance and medical expenses administration services for corporate employees and families in Nigeria, accredited by the National Health Insurance Scheme (NHIS) with registration number HMO/44.
• Pre-Paid Health Plans (Basic, Bronze, Platinum, Ultra Care) Individual and family health insurance plans available in four tiers covering outpatient consultations, emergency transport, specialist consultations, laboratory investigations, hospital admissions, and surgeries, allowing members to match coverage to budget.
• Third Party Administration (Medical Expenses Administration Scheme) Management of medical expenses benefits for corporate employees through the Medexia Scheme, providing third-party administration of staff health benefits for Nigerian companies.
• Clinic Management Administrative and management services for clinic operations within Medexia's healthcare network, offered to corporate clients.
• Health Audit Audit services for evaluating and ensuring quality healthcare delivery across the provider network, offered to corporate clients.
• Health, Safety and Environment Consultancy Consultancy services focused on workplace health, safety standards, and environmental compliance for corporate clients.
• Medical Expenses Insurance Plan Health insurance plans developed in line with the National Health Insurance Act 2022 and Private Prepaid Health Plans for corporate and individual customers.
• S.O.S Emergency Evacuation Emergency medical evacuation service for enrollees requiring urgent medical transportation, offered as part of Medexia's health coverage through its Asclepius (International) Limited partnership.
• Blood Care Programme Blood transfusion and blood product coverage programme for enrollees in emergency medical situations, offered via the Asclepius (International) Limited partnership.
• Accredited Provider Network Network of over 300 accredited hospitals and clinics across Nigeria including dental, optical, and general medical facilities, enabling service delivery for enrollees.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Asclepius (International) LimitedcoreTechnology or Integration · 1 January 1998Medexia Limited was appointed an Agent for Asclepius (International) Limited effective January 1998 to handle 'S.O.S' EMERGENCY EVACUATION and 'BLOOD CARE PROGRAMME' Schemes. This partnership provides Medexia clients access to emergency evacuation services and blood care programmes as part of their health coverage.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Leadway Health: Health insurance arm of Leadway Assurance, providing HMOs services to corporate and retail customers in Nigeria — competes in the same TPA and prepaid plan categories as Medexia.
• Hygeia HMO: One of Nigeria's longest-standing indigenous HMOs offering corporate and individual health plans with a nationwide provider network — directly comparable business model and customer segments to Medexia.
• Avon HMO: Nigerian HMO providing corporate, individual and family health plans with an accredited hospital network across Lagos, Abuja and other major cities — competes head-to-head with Medexia for the same corporate RFPs.
• Total Health Trust: Nigerian HMO (subsidiary of a major insurance group) offering managed care plans to corporate clients and individuals with a broad provider network — directly comparable in target market and product structure.

Broad incumbents

• AIICO Insurance: Large Nigerian insurer offering health insurance as part of a broader life and general insurance portfolio — comparable health insurance product set with greater capital base.
• AXA Mansard Health: Subsidiary of AXA's Nigerian operation offering HMO/managed care alongside broader general insurance — comparable HMO offering with stronger parent balance sheet and brand.

Emerging players

• Reliance HMO: Tech-forward Nigerian HMO using mobile technology for enrollee access and provider management — overlapping customer base with Medexia but differentiated by digital-first distribution model.

Others

• NHIA (National Health Insurance Authority): Nigerian government regulator and largest payer in the ecosystem — Medexia participates in NHIA programmes, making the Authority a critical counterparty and ecosystem participant rather than a direct competitor.
• Liberty Health (South Africa): Pan-African managed care and health insurance operator covering corporate and individual segments across multiple African markets — comparable HMO business model though operating in a different regulatory regime.

Regional players

• HCI Healthcare: Nigerian healthcare and HMO provider focused on corporate and institutional clients — overlapping corporate health benefits segment with Medexia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/MedexiaLimited
• Facebookfacebook.com/Medexia-132887940699587
• LinkedInlinkedin.com/company/medexia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 MEDEXIA LTD