Bayada Buys New Jersey-based Visiting Nurse Association Group

City: Moorsetown, NJ
Buyer: Bayada Home Health Care
Seller: Visiting Nurse Association Health Group
Date / Year: September 3, 2019
Sector: Home Health, In Home Care
Keywords: home health

Bayada Home Health Care has entered into an agreement to buy New Jersey-based Visiting Nurse Association Health Group in a deal that will unite two nonprofit home care providers.  Financial terms of the transaction, expected to be finalized by the end of November, are being kept confidential.  The agreement calls for integrating VNAHG’s home-health, hospice and physician service programs and hospital partnerships into Bayada’s operations.

Once the deal is completed, Dr. Steven Landers, president and CEO of VNAHG, will become group president overseeing Bayada’s home-health and hospice specialties.  “Dr. Landers is a proven leader in the home health care industry,” said Bayada CEO David Baiada. “The addition of his leadership, clinical excellence and innovative solutions will help us further propel our organization.”

Bayada and VNAHG have nearly 150 years of combined clinical and operational home-care experience.  Morrestown-based Bayada, which converted to nonprofit status in late 2018, employs more than 28,000 nurses, home-health aides, therapists, medical social workers and other home health care professionals who serve their communities in 23 states from more than 360 locations.  The company also has operations in Germany, India, Ireland, New Zealand and South Korea.

VNAHG of Holmdel, New Jersey, employs nearly 2,500 people and cares for more than 150,000 individuals and families annually.

What does this transaction mean for the strategic options for your healthcare business?
Contact Paragon Ventures for more information.  www.paragonventures.com  800-719-1555
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