Arcadia Resources Announces Major Expansion of Headquarters and DailyMed(TM) Pharmacy Operations
- Live Webcast of Press Conference with Governor Mitch Daniels, Indianapolis Mayor Greg Ballard and Marvin Richardson -
INDIANAPOLIS, May 20 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider of innovative consumer health care services under the Arcadia HealthCare(SM) brand, today announced plans to expand its national headquarters and pharmacy operations. A press conference with Indiana Governor Mitch Daniels, Indianapolis Major Greg Ballard and Marvin Richardson will be held at the Company's new headquarters on Thursday, May 20, 2010 at 10:00 am Eastern Time.
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"Indiana continues to be a terrific building block for our company," said Marvin R. Richardson, President and Chief Executive Officer of Arcadia. "By establishing a pro-business partnership with the state and local government, higher education and community leaders, we have been able to expand our business, recruit in-state talent and set the foundation for greater national expansion. We are thrilled with the traction on the DailyMed Pharmacy front, and anticipate even greater opportunities in the coming years," continued Richardson.
"In less than three years after we first welcomed Arcadia to Indiana from Michigan, they are expanding their commitment to our state by consolidating more work here," said Indiana Governor Mitch Daniels. "We've always known Indiana to be a leader in health care and life sciences, but with recent growth from Medco, Express Scripts and now Arcadia's DailyMed Pharmacy, we are home to some of the top pharmacies in the world."
"Arcadia's decision to grow its operations here demonstrates confidence that the time is right to invest in the city of Indianapolis and that our central location and experienced labor pool continue to make good business sense," said Mayor Greg Ballard. "Arcadia's success in the fast-growing industries of health care, life sciences and pharmacies will bring new jobs and capital investment to Indianapolis - vital components of our economy - and we thank them for choosing to do business in Indianapolis."
The Indiana Economic Development Corporation offered Arcadia up to $13.5 million in performance-based tax credits based on the creation of up to 930 jobs through Fiscal 2013. The city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.
Interested parties may access a live webcast of the press conference (listen-only mode) via the following link http://arcadiahealthcare.com/investor.asp. A replay of the webcast will be available approximately two hours after the completion of the press conference and will be accessible at http://arcadiahealthcare.com/investor.asp until June 7, 2010.
About Arcadia HealthCare(SM)
Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex: KAD), and is a leading provider of home care, medical staffing and pharmacy services under its proprietary DailyMed program. The Company, headquartered in Indianapolis, Indiana, has 65 locations in 20 states. Arcadia HealthCare's comprehensive solutions and business strategies support the Company's vision of "Keeping People at Home and Healthier Longer."
DailyMed™ Pharmacy dispenses a monthly cycle of a patient's prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date and time the medications should be taken. In the dispensing process, a DailyMed pharmacist reviews each patient's medication profile and utilizes state-of-the-art medication therapy management tools to improve the safety and efficacy of the medications being dispensed. A DailyMed pharmacist provides routine communication with the patient, the primary care physician, caregivers and payers to maximize the pharmaceutical care administered. The DailyMed program improves patient care and drug utilization while reducing drug and hospitalization costs for private and government payers.
Forward-Looking Statements
This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company, Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission.
Contact: |
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Matthew Middendorf |
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Chief Financial Officer |
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317.569.8234 x106 |
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Bill Bunting |
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In-Site Communications, Inc. |
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(212) 759-3929 |
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SOURCE Arcadia Resources, Inc.
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