U.S. Company Acquires 26% Interest in India Home Health Care
U.S. company Bayada Home Health Care, Inc. has entered India’s home health market with the acquisition of 26% stake in India Home Health Care Pvt. Ltd. (IHHC).
Bayada will invest an undisclosed amount over the next few years to support expansion into new geographical regions and to increase the footprint in the existing offices, according to a release from IHHC.
“We are very happy to have found Bayada, a company that has provided exceptional care for people in their homes for more than 35 years. It will be great for the patients in India to benefit from that knowledge,” said Frank Goller, CEO of India Home Health Care. “As the home healthcare industry in India is still developing, Bayada will help us to succeed.”
Dr. Anitha Arockiasamy, director of clinical operations, has spent time with Bayada at some of the company’s offices in the U.S.
“It is amazing to see the culture of the Bayada team at all levels. The pride each caretaker takes in helping the people in need and being part of the Bayada family is truly inspiring,” said Arockiasamy. “IHHC and Bayada are not that different already, which makes this a perfect alliance.”
IHCC was established in 2009 to provide quality care to patients in their own homes. Since then, the company has been able to grow its footprint in the cities of Chennai and Bangalore and is the preferred home healthcare provider to all major hospitals in those areas.
Bayada, Headquartered in suburban Philadelphia, has more than 250 offices in 25 states. The company was founded in 1975 by J. Mark Baiada and provides nursing, rehabilitative, therapeutic, hospice and assistive care services to children, adults and seniors in the comfort of their homes.
Written by Jason Oliva