Baraya Prolonged Care secures $ 124 million for growth of Saudi Arabia
Baraya Prolonged Care Lengthy-Time period Care and Rehabilitation Companies has concluded a Collection B fundraising spherical and obtained $ 124 million to broaden its community of intramural services and outpatient clinics in Saudi Arabia.
Below the management of TVM Capital Healthcare through his TVM Healthcare Afiyah Fund, the financing additionally consists of contributions from co-investors and exceeded the preliminary goal.
Jad Halaby, CEO of Baraya, mentioned: “With the assist and experience of TVM Capital Healthcare On this vertical well being care, we’re uniquely positioned to mix worldwide requirements with native experience, enhancing the outcomes and high quality of life for sufferers and households in Saudi -Arabia.”
This monetary milestone arrives at a time when the nation is battling an getting old inhabitants, a rise in power circumstances and a rising demand for specialised postacute care.
These challenges are a part of the broader context of the Saudi Arabia 2030 transformation program and the well being sector.
Baraya Prolonged Care, based in 2023, has already inaugurated two outpatient clinics in Jeddah and Riyadh and gives greater than 9,000 periods each month.
The corporate can be planning to open a long-term care and rehabilitation hospital with 216 beds in early 2026.
The funding of TVM Capital Healthcare in Baraya builds on its expertise within the Center Japanese Submit-Acute Healthcare Market, together with earlier investments in Provita Worldwide Medical Middle and Cambridge Medical & Rehabilitation Middle (CMRC).
In these firms, TVM Capital Healthcare performed a task in shaping authorized frameworks and growing specialised administration and personnel methods.
TVM Capital Healthcare Managing Accomplice and Deal Lead Orhan Osmansoy mentioned: “With a scalable platform and plans to extend capability to round 650 beds within the coming years, Baraya is properly positioned to grow to be a pacesetter in prolonged healthcare companies.”
The funding will strengthen Baraya's progress technique, which contains the institution of necessary intramural services and outpatient clinics, in response to a Hub-and-Spaak mannequin.
