One of the largest home health care companies in the United States enjoyed an early holiday gift thanks to its founder and a personal contribution he made to those employees. Bayada Home Health Care founder Mark Baiada surprised his employees the Tuesday before Thanksgiving with a gift to each of them.
This gift, totaling $20 million, came from his personal funds, not anything to do with the company itself. It was a way for him to say thank you to those men and women who helped to make this company a success. In short time, the company will transition from a private enterprise to a nonprofit next year.
According to the USA Today publication, Founder of health care company shocks employees with $20 million gift before Thanksgiving, written by Jim Walsh of the Cherry Hill Courier-Post:
“The windfall will range from $50 for new hires to tens of thousands of dollars for longtime employees, the company said.
Baiada revealed his contributions at a luncheon for some 100 unsuspecting employees, who responded with tears, hugs and a standing ovation.
The funds will go to workers in the 22 states where Bayada operates.
“It was an overwhelming experience,” said Nicole Green of Mount Laurel, a Bayada field nurse who attended the luncheon with co-workers from across the nation.
Green said employees were asked not to divulge the size of individual gifts.
“But it was very generous,” the three-year employee said.
The gifts are part of the firm’s expected transition to nonprofit status early next year and a way to show gratitude to employees, Baiada said.”
Many of the employees were stunned, but incredibly grateful. Mark Baiada noted that, “I have spent a lot of time reflecting on what has gotten us to this point and what I am particularly thankful for.” It is this kind of attitude that the employees appreciate. One employee stated that while the financial surprise was more than welcome, it was far more important to feel as though they are a vital part of this process, this company, and this way to help people, especially during the most difficult challenges in life.
The company’s move to a nonprofit status is intended to protect it from being sold. It will also help keep the company focused on its mission and culture. There are more than 26,000 people who work for Bayada Home Health Care, all from an idea in which Mark Baiada took $16,000 of his own money in savings to start in 1976.
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