Riyadh - Sharikat Mubasher: Baraya Extended Care, a Saudi provider of specialized rehabilitation and long-term care services founded and backed by TVM Capital Healthcare, successfully closed a series B fundraising, bringing the total capital raised to $124 million.

In a press release today, TVM Capital Healthcare revealed that the capital was provided by the TVM Healthcare Afiyah Fund and co-investors, including Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital, SVC, and others.

Baraya will use the investment to expand its network of high-quality inpatient facilities and outpatient rehabilitation clinics, addressing the Kingdom's urgent need for dedicated extended care services.

Commenting on this milestone, Jad Halaby, Chief Executive Officer of Baraya Extended Care, 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.”

He highlighted that Baraya’s mission is to deliver a wide range of extended care and rehabilitation services to meet the critical needs in Saudi Arabia.

The new capital will also support Baraya’s plans to develop major inpatient facilities and outpatient clinics across the Kingdom in a hub-and-spoke model.

"We are grateful to our co-investors and syndicate partners for their strong participation in this oversubscribed round and their shared commitment to solving some of the Kingdom's most pressing healthcare challenges,” said Orhan Osmansoy, Managing Partner at TVM Capital Healthcare.

Since its launch in 2023, Baraya Extended Care has opened two outpatient rehabilitation clinics in Riyadh and Jeddah, with a combined capacity of more than 9,000 sessions per month, and is planning to admit patients to its first 216-bed long-term care and rehabilitation hospital in early 2026.