Baraya Extended Care closes a Series B fundraising round, raising $124m to expand its inpatient facilities and outpatient clinics in Saudi Arabia. Led by TVM Capital Healthcare, the funding surpasses its target and aims to improve patient outcomes and quality of life in the country.

As Saudi Arabia faces an aging population and increased demand for post-acute care, Baraya Extended Care’s expansion aligns with the nation’s Vision 2030 and Health Sector Transformation Program. The company plans to open a 216-bed long-term care and rehabilitation hospital by early 2026 to address these challenges.

TVM Capital Healthcare’s investment in Baraya extends its experience in the Middle Eastern post-acute care market. The collaboration aims to position Baraya as a leader in extended care services, with plans to increase capacity to approximately 650 beds in the coming years.

Baraya Extended Care’s growth strategy includes establishing major inpatient facilities and outpatient clinics, following a hub-and-spoke model for expansion. With a focus on combining international standards with local expertise, the company aims to enhance healthcare services for patients and families across Saudi Arabia.

Read more at Yahoo Finance: Baraya Extended Care secures $124m for Saudi Arabia expansion