Healthcare company founder gives $20 million to employees

PHILADELPHIA (WSVN) — The founder and former CEO of a healthcare company kicked off the holidays with his employees and gave them a $20 million gift.

According to the Philadelphia Inquirer, during a gratitude lunch, Bayada founder Mark Baiada announced that he would be dividing $20 million between all of the company’s employees.

“I wanted to show some gratitude to everybody for all the hard work you’ve done taking care of our clients,” he said, according to KWY.

Bayada is a $1.5 billion company with 32,000 employees. The money will be divided among the employees based on seniority.

For example, a tenured physical therapist and a veteran nurse can receive checks of as much as $8,500 and $7,000, respectively. Executives will receive even more.

Bayada is being converted into a nonprofit organization in early 2019, which is why Baiada decided to give away the money now.

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