Universal Health Services and Bayada Home Health Care signed a definitive agreement to form a strategic partnership over expected demand for home-based care, the companies said Thursday.
Under the joint venture, the providers will create Home Health Care services, which will offer in-home care services, including help with recovery from an illness, injury or hospitalization.
UHS and Bayada expect to see significant growth in the next several years based on increased demand for in-home, post-discharge services, according to their release. During the COVID-19 pandemic, many discharged patients require ongoing care at home through the recovery process, they said.
"The partnership with Bayada enables UHS to significantly expand its home healthcare services and offerings, bringing more care to more patients along the full continuum of care," Marvin Pember, executive vice president and president of the UHS acute care division, said in a statement. "We do not underestimate the opportunity to create loyalty and trust among our community through seamless continuation of care through in-home services, which will become an even more critical component of the integrated delivery system."
King of Prussia, Pa.-based UHS is a provider of hospital and healthcare services and had annual revenue of $11.4 billion in 2019. Moorestown, N.J.-based Bayada focuses on home-based nursing, rehabilitative, therapeutic, hospice and assistive care services. It became a not-for-profit in 2018.
"Even before the COVID-19 crisis, we have seen a longer-term need to support health systems looking to expand patient care beyond the inpatient setting," Bayada CEO David Baiada said in a statement. "We are thrilled to partner with a respected provider of hospital and healthcare services like Universal Health Services to help respond to the overwhelming preference to live at home, where patients recover and thrive best."
UHS has 90,000 employees and operates 26 acute care hospitals, 328 behavioral health facilities, 42 outpatient facilities and ambulatory care access points, an insurance offering, a physician network and other related services in 37 states, Washington, D.C., Puerto Rico and the United Kingdom.
Bayada employs more than 28,000 nurses, home health aides, therapists, medical social workers, and other home healthcare professionals in 360 locations spanning 23 states, Canada, Germany, India, Ireland, New Zealand, South Korea and the United Kingdom.
