logo
#

Latest news with #OrhanOsmansoy

Baraya Extended Care secures $124m for Saudi Arabia expansion
Baraya Extended Care secures $124m for Saudi Arabia expansion

Yahoo

time15-07-2025

  • Business
  • Yahoo

Baraya Extended Care secures $124m for Saudi Arabia expansion

Long-term care and rehabilitation services provider Baraya Extended Care has closed a Series B fundraising round, securing $124m to expand its network of inpatient facilities and outpatient clinics across Saudi Arabia. Led by TVM Capital Healthcare through its TVM Healthcare Afiyah Fund, the funding also includes contributions from co-investors and exceeded its initial target. Baraya Extended Care CEO Jad Halaby 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." This financial milestone arrives at a time when the nation is grappling with an aging population, a rise in chronic conditions, and a growing demand for specialised post-acute care. These challenges are part of the broader context of Saudi Arabia's Vision 2030 and Health Sector Transformation Program. Baraya Extended Care, established in 2023, has already inaugurated two outpatient rehabilitation clinics in Jeddah and Riyadh, delivering over 9,000 sessions monthly. The company also plans to open a 216-bed long-term care and rehabilitation hospital by early 2026. TVM Capital Healthcare's investment in Baraya builds on its experience in the Middle Eastern post-acute care market, including previous investments in ProVita International Medical Center and Cambridge Medical & Rehabilitation Center (CMRC). In these ventures, TVM Capital Healthcare played a role in shaping regulatory frameworks and developing specialised management and workforce strategies. TVM Capital Healthcare managing partner and deal lead Orhan Osmansoy said: "With a scalable platform and plans to increase capacity to approximately 650 beds in the coming years, Baraya is well-positioned to become a leader in extended care services." The investment will bolster Baraya's growth strategy, which encompasses the establishment of major inpatient facilities and outpatient clinics, following a hub-and-spoke model. "Baraya Extended Care secures $124m for Saudi Arabia expansion" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store