PROJECT

Projects

Summary of Investment Information

Project Number

33951

Company Name

ECHO SCAN SERVICES LIMITED

Date SPI Disclosed

Apr 30, 2014

Country

Nigeria

Region

Africa

Projected Board Date

May 30, 2014

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Africa

Industry

Health, Education and Life Sciences

Previous Events

Approved : Sep 25, 2014
Signed : Oct 31, 2014
Invested : Jan 9, 2015

Sector

Other Medical

Project Description

Echo-Scan Services Limited (“Echo-Scan”) is a provider of medical diagnostic services in Nigeria. It currently operates a network of 7 medical diagnostic centres (DC) offering both radiology and pathology services to an average of 250,000 patients per annum of which women and expectant mothers make up 60% and 33% respectively. Key services include Ultrasound, X-ray, CT Scan, Mammogram, EEG, Endoscopy and Cath Lab.

The proposed project is an investment into a new Special Purpose Vehicle (Eagle Eye Echo-Scan) which will acquire Echo-Scan and expand the network across Nigeria. The proposed project will be implemented in phases commencing with the acquisition of Echo-Scan, upgrade/expansion of capacity of the existing DC and expansion of the network to 9 DC during 2014 (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation