Bayada Home Health Care shifting to nonprofit company

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Moorestown-based Bayada Home Health Care is taking the unusual step of transitioning from a for-profit to nonprofit company, according to a statement on the company website.Moorestown-based Bayada Home Health Care is taking the unusual step of transitioning from a for-profit to nonprofit company, according to a statement on the company website.

In a statement announcing David Baiada’s ascension to the CEO post, which he taking over from his father and the founder of the company, Mark Baiada, Bayada also announced the transition.

“I could not think of a better birthday gift for my father than an unbreakable promise that The Bayada Way, which he inspired and helped author, will live forever,” David Baiada said in the statement. “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. I am honored and profoundly committed to continue the mission on behalf of all those we serve.”

The transition will take two years and is intended to protect the company from being sold.

The 42-year-old company has now surpassed $1.2 billion in revenue and provides community care in 335 offices in the U.S., Germany, India, Ireland and South Korea.

“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. “I am incredibly excited to watch David lead Bayada into an undeniably bright future, guided as always by the framework of The Bayada Way.”