Arcadia Resources Enters South Carolina Market with Acquisition of Medical Equipment Company
12 Octobre 2005 - 9:10PM
PR Newswire (US)
SOUTHFIELD, Mich., Oct. 12 /PRNewswire-FirstCall/ -- Arcadia
Resources, Inc. (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading
national provider of home care and staffing services, mail-order
pharmacy and durable medical equipment (DME), announced today that
it has acquired the business of Medical Equipment Company, a
respiratory and durable medical equipment supplier based in
Walterboro, South Carolina. Walterboro, located in southern South
Carolina near the junction of US Highway 17A and Interstate Highway
95, is the largest city in Colleton County and the county seat.
This acquisition marks the Company's first entrance into the state
of South Carolina. "We are excited about working with Arcadia and
their staff. As a public company with an outstanding reputation in
the home care industry, Arcadia brings resources to our community
that were not previously available. We see great future potential
in serving new and existing customers by joining Arcadia," said
Mark Baty, President of Medical Equipment Company. "We look forward
to supporting the experienced staff of Medical Equipment Company,
and assisting them with growth opportunities in the surrounding
areas," stated Judy Berchelmann, National Director of Marketing for
Arcadia Resources. Larry Kuhnert, president of Arcadia Resources,
stated, "We continue to be focused on expanding Arcadia's position
as a leading provider of home health care products and services.
This acquisition provides us with an initial presence in the South
Carolina marketplace from which we can grow. Expanding our market
share through the purchase of firms that meet our quality and
financial standards is an important component in the growth plans
of our company." About Arcadia Resources, Inc. Arcadia Resources,
Inc. operations include home health care services, medical and
non-medical staffing, provision of respiratory and durable medical
equipment to patients in the home, a full service mail-order
pharmacy and a mail-order catalog of home health care-oriented
products. The Company's comprehensive solutions help organizations
operate more effectively and with greater flexibility, while
enabling individuals to manage illness and injury in the comfort of
their own homes. Arcadia Resources is the product of the May 2004
merger of Critical Home Care, Inc. and RKDA, the parent company of
Arcadia Services, Inc., and Arcadia RX, LLC. Since June 30, 2004,
the Company has acquired several successful staffing and home
health care businesses in Alabama, Colorado, Florida, Georgia,
Illinois, Indiana, Massachusetts, Michigan, North Carolina and
South Carolina, along with a mail-order catalog business. For more
information, visit: http://www.arcadiaresourcesinc.com/ . Safe
Harbor under the Private Securities Litigation Reform Act of 1995:
The statements which are not historical facts contained in this
press release are forward-looking statements that involve certain
risks and uncertainties including but not limited to risks
associated with the uncertainty of future financial results,
regulatory approval processes, the impact of competitive products
or pricing, technological changes, the effect of economic
conditions and other uncertainties as may be detailed in the
Company's filings with the Securities and Exchange Commission. For
more information: Investor Relations Contact National Financial
Network Geoffrey Eiten 781-444-6100 x613
http://www.nfnonline.com/acdi DATASOURCE: Arcadia Resources, Inc.
CONTACT: Investor Relations Contact: Geoffrey Eiten of National
Financial Network, +1-781-444-6100, ext. 613, Web site:
http://www.arcadiaresourcesinc.com/ http://www.nfnonline.com/acdi
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