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Baraya Extended Care, a key provider of long-term care and rehabilitation services in Saudi Arabia, has successfully closed a Series B funding round, raising a total of USD 124 million. This investment, led by TVM Capital Healthcare, aims to address critical gaps in the Kingdom’s healthcare system amid a growing demand for specialized post-acute care.
The funding comes at a pivotal time as Saudi Arabia confronts a rapidly aging population and increasing chronic health conditions. According to the Saudi Ministry of Health, approximately 14% of acute care beds in public hospitals are occupied by long-stay patients. This percentage rises significantly in regions such as Jeddah and Riyadh, where occupancy rates are 19% and 17%, respectively.
Investment Details and Future Plans
The capital raised will enable Baraya to expand its network of inpatient facilities and outpatient rehabilitation clinics, directly responding to the Kingdom’s urgent need for dedicated extended care services. Since its launch in 2023, Baraya has opened two outpatient clinics in Riyadh and Jeddah, catering to over 9,000 rehabilitation sessions per month. Plans are underway to launch a 216-bed long-term care hospital by early 2026.
This latest funding round is backed by notable investors, including the Olayan Financing Company, the Saudi Economic and Development Holding Company (SEDCO), and ANB Capital. With this support, Baraya is set to implement a scalable hub-and-spoke model for care delivery, which is expected to transform the long-term care landscape in Saudi Arabia.
Leadership Insights
Jad Halaby, Chief Executive Officer of Baraya Extended Care, emphasized the importance of this funding. “Our mission is to provide a comprehensive range of extended care and rehabilitation services, addressing a critical need in the Kingdom,” he stated. With the backing of TVM Capital Healthcare, Baraya aims to integrate international standards with local expertise, thereby improving patient outcomes and quality of life.
Dr. Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, expressed pride in the successful financing. “Since 2010, we have been the only international healthcare private equity firm with a sustained presence in Saudi Arabia,” he noted. He highlighted that the funding will continue to advance Vision 2030 through innovative care models.
Orhan Osmansoy, Managing Partner at TVM Capital Healthcare, acknowledged the significance of the oversubscribed round. He stated, “With a scalable platform and plans to increase capacity to approximately 650 beds in the coming years, Baraya is well-positioned to become a leader in extended care services.”
The investment not only supports Baraya’s growth but also creates a model that could potentially be replicated in other markets facing similar demographic challenges, including regions in Southeast Asia.
For more information about Baraya Extended Care, visit baraya.com.sa. For details on TVM Capital Healthcare, visit tvmcapitalhealthcare.com.
