Establishing this local office comes after TVM Capital Healthcare successfully expanded its portfolio company Cambridge Medical and Rehabilitation Center from the UAE to KSA in the year 2019. With establishing this new presence, TVM Capital Healthcare expands its global network already spanning the U.S., Europe, MENA and Southeast Asia, adding local healthcare advisory and operating expertise to its international team. The local office presence shall focus on supporting portfolios companies financed by TVM Capital Healthcare's growth capital funds to complement the region's healthcare system, help fulfill demand for currently underserved healthcare verticals, and improve access to quality healthcare services locally.

Orhan Osmansoy, Managing Partner of TVM Capital Healthcare and Director of the new office  commented: "Saudi Arabia today provides excellent growth opportunities for the specialist healthcare  sector, which is  our key expertise. We have been active in Saudi Arabia for a long time, but our new  presence in Riyadh enables us to expand and deepen our local relationships and interact even more closely with investors, regulators, our peers in the industry, and entrepreneurs in the Kingdom. Saudi Arabia is the economic powerhouse in the region, and we are looking forward to supporting the Government's Health Sector Transformation Program as outlined in the Vision 2030."

Othman Abahussein, Operating Partner at TVM Capital Healthcare, Director of the new office based in Riyadh, added: "The Health Sector Transformation Program aims to make the local health sector  more comprehensive, effective and integrated, based on the health needs of the individual and society at large. I am looking forward to working with all stakeholders to bring top notch healthcare solutions using our global presence and network, closer to patients and their families in our country."