Bayada Home Health Care, which became a nonprofit last December, will acquire the 107-year-old Visiting Nurse Association Health Group (VNA) of Holmdel, N.J., the two organizations said Monday.
When the merger is completed, expected in November, Steven Landers, a physician and president and CEO of VNA, will serve as group president overseeing Bayada’s home health and hospice operations.
“By joining forces with VNA Health Group, we will expand access to quality care made possible through our operational and clinical expertise and help to improve patient outcomes for our strategic health systems partners,” Bayada CEO David Baiada said in a news release.
VNA is one of “many community-based organizations with long histories of helping people age at home” that have “expressed interest in plugging into Bayada’s capabilities,” said Baiada, opening the possibility that additional such mergers could happen.
Bayada, based in Moorestown, employs more than 28,000 nurses, home health aides, therapists, medical social workers, and other home health care professionals in 23 states, plus Germany, India, Ireland, New Zealand, and South Korea. Company founder J. Mark Baiada said last fall that Bayada had $1.5 billion in annual revenue.
Bayada employs 8,500 in the Philadelphia region.
In addition to its New Jersey operations, VNA provides services in Ohio and Florida. It employs 2,600. In 2017, the organization had revenue of $212 million and net income of $9.4 million.