Fundraising for Long-Term Care Platform Successfully Completed in Series B
In a significant move to address the Kingdom's growing healthcare needs, Baraya Extended Care, a Riyadh-based company specialising in long-term, rehabilitation, and home healthcare services, has secured $124 million in a Series B funding round. The investment was led by TVM Capital Healthcare, with major Saudi institutions and families also backing the funding.
Founded in 2023, Baraya has already made a mark in the Saudi healthcare sector. With this funding, the company plans to expand its network of inpatient facilities and outpatient rehabilitation clinics across the Kingdom. The aim is to increase capacity to approximately 650 beds, focusing on post-acute care needs. A notable milestone is the opening of its first 216-bed long-term care and rehabilitation hospital, expected by early 2026.
TVM Capital Healthcare, an international healthcare private equity firm with a sustained presence and proven track record in Saudi Arabia since 2010, has played a crucial role in shaping the extended care sector in the Kingdom through investments in ProVita and CMRC. The firm's support and expertise in the healthcare vertical position Baraya uniquely to combine international standards with local expertise.
Dr. Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, stated that Baraya marks the next chapter in advancing Vision 2030 through innovative, integrated care models. The funding will be used to support Baraya's growth plans, including the development of major facilities across the Kingdom.
The funding round follows Baraya's launch and the opening of two outpatient clinics in Riyadh and Jeddah. As the Kingdom faces a rapidly aging population and an increasing demand for specialized post-acute care, Baraya's mission to provide comprehensive extended care and rehabilitation services is more relevant than ever.
While Baraya Extended Care has not yet announced any expansion plans into Southeast Asia, its current focus remains on building its network within Saudi Arabia to meet the country's growing healthcare demands. Orhan Osmansoy, Managing Partner at TVM Capital Healthcare and deal lead at the firm, expressed gratitude to co-investors and syndicate partners for their strong participation in the oversubscribed round.
Science and technology will play a crucial role in Baraya Extended Care's growth plans, as the company aims to integrate advanced healthcare solutions into its network of facilities across the Kingdom. Private equity firm TVM Capital Healthcare, with its expertise in the healthcare vertical and a strong presence in science-driven sectors, will support Baraya in this ambition, following their investment in Baraya's Series B funding round.
