Saudi Arabia’s rapidly growing healthcare sector just witnessed a major financial heartbeat. Baraya Extended Care, a provider of long-term, rehabilitation, and home healthcare services, announced Tuesday that it secured $124 million in an oversubscribed Series B funding round, supercharged by TVM Capital Healthcare as lead investor.
This strategic infusion of capital marks a pivotal moment for the Riyadh-based healthcare firm, which aims to build a network of inpatient and outpatient clinics using a hub-and-spoke model to tackle Saudi Arabia’s mounting post-acute care crisis.
A Vision Rooted in Urgency — and Opportunity
Founded in 2023 by TVM Capital Healthcare, Baraya has already opened two outpatient rehabilitation centers in Riyadh and Jeddah, with a combined capacity exceeding 9,000 monthly sessions. The company now plans to open its first 216-bed long-term care and rehab hospital by early 2026 — a cornerstone of its broader nationwide network.
“Our mission is to provide a comprehensive range of extended care and rehabilitation services, addressing a critical need in the Kingdom,” said Baraya CEO Jad Halaby. “With TVM Capital Healthcare’s support, we’re combining international standards with local expertise to transform patient outcomes.”
