TEMPLARS Advises NSIA Advanced Medical Services Limited on IFC Healthcare Infrastructure Financing

The financing will support Medserve’s expansion and rollout of thirteen diagnostic centres, three oncology centres, and three catheterisation laboratories across thirteen States in Nigeria, including Abuja, Enugu, Kaduna, and Kwara States. The project is part of a broader healthcare expansion programme designed to address gaps in access to quality medical diagnostics and specialised care in Nigeria.

TEMPLARS advised Medserve on various aspects of the transaction, including structuring, negotiation, and documentation of the financing and security arrangements.

As part of the broader project framework, TEMPLARS also negotiated and structured the strategic partnership and long-term maintenance arrangements with international OEMs, GE Healthcare & Siemens Healthineers and indigenous maintenance service provider, Swiss Biostadt.

Aminu Umar-Sadiq, Managing Director & Chief Executive Officer of NSIA commented: “this partnership with IFC represents a significant milestone in NSIA’s commitment to strengthening Nigeria’s healthcare ecosystem through sustainable, locally anchored investment solutions. By deploying long-tenor naira financing, we are addressing critical infrastructure gaps while reducing foreign exchange risk and ensuring that quality diagnostic and cancer care services are accessible to underserved communities. MedServe’s expansion underscores our belief that commercially viable healthcare investments can deliver strong development impact while supporting national health priorities.”

TEMPLARS’ Partner, Zelda Akindele, who led the transaction, stated: “this financing for a landmark project reflects the shared commitment to strengthen Nigeria’s healthcare infrastructure and ensuring world class specialised care is accessible across the country. IFC’s investment underscores the strong confidence of international institutions in Nigeria’s healthcare future, and commitment to finding innovative structures to funding its infrastructure gaps. TEMPLARS is honoured to have played a role in bringing this transformative project to life.”

The transaction represents one of IFC’s largest healthcare infrastructure investments in Nigeria and underscores NSIA’s commitment to expanding access to quality healthcare services.

The TEMPLARS team was led by Partner, Zelda Akindele, with support from Associates, Olaotan Oyekan, David Okonyia, Lawrence Ola-Adisa, and Jewel Egelege.