Arcadia Resources Enters South Carolina Market with Acquisition of Medical Equipment Company

Share Name	Share Symbol	Market	Type
ARCADIA RES INC	AMEX:ACDI	AMEX	Common Stock

ARCADIA RES INC (AMEX:ACDI)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more ARCADIA RES INC Charts.

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

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ACDI ARCADIA RES INC