Baraya Extended Care

Active

A network of long-term care and rehabilitation hospitals and outpatient clinics in Saudi Arabia offering post-acute, geriatric and rehabilitation inpatient and outpatient services.

Riyadh, Saudi ArabiaFounded 2023

HealthTech

Series B

Website LinkedIn

Baraya Extended Care operates long-term care and rehabilitation hospitals and outpatient clinics across Saudi Arabia, including facilities in Riyadh, Jeddah and Abha, where it opened Saudi Arabia's first 216-bed extended-care hospital. Unlike a typical founder-led startup, Baraya was launched in 2023 by TVM Capital Healthcare Partners, a dedicated healthcare private-equity/venture firm, as part of its Afiyah Fund LP alongside other TVM portfolio companies, and is run day-to-day by CEO Jad Halaby rather than an independent founder. It closed a $124M Series B in July 2025 led by TVM Capital Healthcare, with participation from Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital and the Saudi Venture Capital Company (SVC).

Founders

Jad Halaby

Chief Executive Officer (hired CEO, not an independent founder)

Dr. Helmut Schuehsler

Chairman & CEO, TVM Capital Healthcare (institutional backer that built/launched Baraya)

Funding Rounds

Series BJul 2025

$124M

Lead: TVM Capital Healthcare

Investors: TVM Capital Healthcare, Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital, Saudi Venture Capital Company (SVC)

Investors: TVM Capital Healthcare, Olayan Financing Company, Saudi Economic and Development Holding Company (SEDCO), ANB Capital, Saudi Venture Capital Company (SVC).

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