Long-term care and rehabilitation services provider Baraya Extended Care has closed a Series B fundraising round, securing $124m to expand its network of inpatient facilities and outpatient clinics across Saudi Arabia.
Led by TVM Capital Healthcare through its TVM Healthcare Afiyah Fund, the funding also includes contributions from co-investors and exceeded its initial target.
Baraya Extended Care CEO Jad Halaby said: “With TVM Capital Healthcare’s support and expertise in this healthcare vertical, we are uniquely positioned to combine international standards with local expertise, improving outcomes and quality of life for patients and families across Saudi Arabia.”
This financial milestone arrives at a time when the nation is grappling with an aging population, a rise in chronic conditions, and a growing demand for specialised post-acute care.
These challenges are part of the broader context of Saudi Arabia’s Vision 2030 and Health Sector Transformation Program.
Baraya Extended Care, established in 2023, has already inaugurated two outpatient rehabilitation clinics in Jeddah and Riyadh, delivering over 9,000 sessions monthly.
