Baraya Extended Care successfully closed a USD 124 million Series B funding round, expanding its capacity to provide long-term care services in alignment with Saudi Arabia's healthcare goals.

Target Information

Baraya Extended Care, launched in 2023, is a leading provider of long-term care and rehabilitation services in Saudi Arabia. Having recently secured a Series B funding round that brought total capital raised to USD 124 million, the company aims to address significant gaps in long-term care within the Kingdom. Baraya operates two outpatient rehabilitation clinics in Riyadh and Jeddah, capable of providing over 9,000 patient sessions monthly, and is set to open its first 216-bed long-term care hospital by early 2026.

This recent funding round, led by TVM Capital Healthcare, comes at a critical time as Saudi Arabia grapples with an aging population and a growing number of chronic health conditions. The capital raised will facilitate Baraya's expansion of high-quality healthcare facilities and outpatient services, contributing to improved post-acute care that aligns with the Kingdom's Vision 2030 healthcare goals.

Industry Overview

The healthcare industry in Saudi Arabia is undergoing a transformative phase, driven by the government’s Vision 2030 initiative, aimed at optimizing healthcare services across the Kingdom. As the population ages, the demand for comprehensive long-term care and spe