Company founder Mark Baiada retires as president to focus on company’s unprecedented transition into a nonprofit organization
BAYADA Home Health Care appointed David Baiada as the company’s Chief Executive Officer, succeeding his father and company founder Mark Baiada, who will transition to the role of Chairman on his 70th birthday today. Mark Baiada will celebrate the milestone by launching the process of gifting the company he established in 1975 into a newly created nonprofit organization. Believed to be the first transition of its kind in the home health care industry, this transition is designed to protect the company from sale and help to ensure that BAYADA’s mission, vision, values, and beliefs, codified as The BAYADA Way, will endure for generations to come.
“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,” said David Baiada. “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.”
Mark Baiada founded BAYADA Home Health Care in Philadelphia at the age of 27 with $16,000 in savings. Harnessing the entrepreneurial spirit he discovered in his childhood, he expanded his 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.
As part of BAYADA’s “Lasting Legacy Plan,” the first of its kind in the home health industry, Mark Baiada and his family made the uncharted move to put mission over money—maximizing the likelihood of the company’s sustainability for 100 years and beyond. Per the plan, David Baiada, who has worked for BAYADA since 2002, will become Chief Executive Officer, while Mark Baiada will become 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. “I am incredibly excited to watch David lead BAYADA into an undeniably bright future, guided as always by the framework of The BAYADA Way.”
About BAYADA:
Founded in 1975 by J. Mark Baiada, BAYADA Home Health Care provides nursing, rehabilitative, therapeutic, hospice, habilitation, primary care, and assistive care services to children, adults, and seniors in the comfort of their homes. Headquartered in suburban Philadelphia, BAYADA employs more than 26,000 nurses, home health aides, therapists, medical social workers, and other home health care professionals who serve their communities in 22 states from more than 335 offices including locations in Germany, India, Ireland, and South Korea. For more information, visit bayada.com.
About The BAYADA Way:
BAYADA Home Health Care has a special purpose, to help people have a safe home life with comfort independence, and dignity. This commitment to care is the cornerstone of the company’s mission, vision, values, and beliefs known as The BAYADA Way. With the input of thousands of clients, family members, and employees, The BAYADA Wayguides BAYADA’s work every day. This philosophy shares the belief that clients come first, employees are the company’s greatest asset, and everyone should be treated with compassion, excellence, and reliability. For more information, visit bayada.com/the-bayada-way.
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