ARCADIA RES INC (AMEX:ACDI)
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From Jun 2019 to Jun 2024
Arcadia Resources Acquires United Health Care Services
--Expands Market for Durable Medical Equipment in Southwest Florida--
SOUTHFIELD, Mich., April 11 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc.,
(OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading provider of home care and
staffing services, mail order pharmacy and durable medical equipment ("DME"),
announced today that it has acquired the assets of United Health Care Services,
Inc. through its Beacon Respiratory Services, Inc. subsidiary. United Health
Care Services is a DME supplier focused on respiratory disease management with
operations in Ft. Myers and Port Charlotte, Florida. Upon full integration of
the acquisition, it is anticipated that Beacon Respiratory Services will
operate the business under the Arcadia H.O.M.E. (home oxygen medical equipment)
name.
Larry Kuhnert, President of Arcadia Resources, stated, "United Health Care has
a long-history of profitability. With an established infrastructure and client
base in Southwest Florida, United Health Care Services represents an
opportunity for Arcadia to build rigorous sales in the high-margin, direct-to-
patient DME industry. By utilizing our national network of representatives, we
expect to grow revenues through new product sales and cross-selling
opportunities, including marketing our mail order pharmacy, to United Health
Care's existing customers."
Larry Vetter, CEO of United Health Care Services, Inc., stated, "United Health
Care Services and its related companies are excited to join Arcadia Resources.
I believe Arcadia's expanded scope of services and strong management team will
greatly benefit our customers in Southwest Florida."
Arcadia Resources Chairman and CEO John Elliott, commented, "We continue to
execute an acquisition strategy focused on increasing our market presence in
those geographic regions where we can immediately scale up our home care
business. We welcome the United Health Care team to Arcadia and look forward
to servicing the growing communities of Southwest Florida."
About Arcadia Resources, Inc.
Arcadia Resources, Inc., helps organizations operate more effectively and with
greater flexibility, and enables individuals to manage illness and injury in
the comfort of their own homes. Headquartered in Southfield, Michigan, the
company's core businesses are comprehensive home care services, medical and
non-medical staffing, mail order pharmacy and medical equipment. For more
information about Arcadia, please visit the company's Web site at
http://www.arcadiaresourcesinc.com/ . Investors should visit
http://nfnonline.com/acdi/ .
For more information, contact: Gary Geraci, Investor Relations, National
Financial Network, 617-723-2373 or email .
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,
our ability to effectively integrate the acquired business and successfully
utilize our national network, and other uncertainties as may be detailed in the
Company's filings with the Securities and Exchange Commission. Any
forward-looking statements contained in this news release speak only as of the
date hereof. The Company does not undertake and disclaims any obligation to
update or alter its forward-looking statements.
DATASOURCE: Arcadia Resources, Inc.
CONTACT: Gary Geraci, Investor Relations of National Financial Network,
+1-617-723-2373 or email
Web site: http://www.arcadiaresourcesinc.com/
http://nfnonline.com/acdi