MOORESTOWN, N.J. – BAYADA Home Health Care has appointed David Baiada CEO, succeeding his father and company founder Mark Baiada, who will become chairman of the company’s board of directors.
In recognition of his recent 70th birthday, Mark Baiada has also begun the process of gifting the company he established in 1975 into a nonprofit organization.
“This is a gift Mark shares with our current and future clients and their families, who can be assured they will continue to receive high-quality care focused on comfort, independence, and dignity, and our current and future employees, whose career and calling will be nurtured and their work deeply valued,” said David Baiada in a statement.
The transition of BAYADA to nonprofit status is designed to protect the company from sale and to help ensure that its mission, vision, values and beliefs will endure for generations to come, said David Baiada.
Mark Baiada founded BAYADA Home Health Care in Philadelphia, eventually expanding the company over 42 years to more than $1.2 billion in revenue, providing community care to nearly 30,000 clients a week from more than 335 service offices in the United States and internationally.
In his new role as chairman, Mark Baiada’s key area of focus will be on incrementally transitioning BAYADA into a nonprofit over the next two years.
“Transforming BAYADA into a nonprofit reflects our company’s deep commitment to helping people live safely at home and protecting employees’ livelihoods, while also setting the stage for sustainable future growth,” said Mark Baiada.