Arcadia Resources Continues Expansion of Home Health Care Business in Southwest Florida
August 22 2005 - 9:30AM
PR Newswire (US)
- Acquires Summit Home Respiratory of Naples, Florida - SOUTHFIELD,
Mich., Aug. 22 /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 durable
medical and respiratory medical equipment sale and rental business
of Summit Home Respiratory Services, Inc., serving the Naples,
Bonita Springs and Fort Myers markets. Upon full integration of the
acquisition, Arcadia Resources will operate Summit Home Respiratory
under the brand name Arcadia Home as a wholly owned Arcadia
company. In addition to supplying home respiratory and durable
medical equipment to patients, Arcadia plans to offer pharmacy and
home health agency services. Tom White, Regional Manager of
Arcadia's recently acquired United Health Care Services located in
Ft. Myers and Port Charlotte, Florida, will also manage Summit Home
Respiratory, Inc. Keith Glisch, Chief Executive Officer of Summit
Home Respiratory, Inc. stated, "We are impressed with the quality
of Arcadia Resources' services. We entrust their experienced
leadership team to expand our operations by providing additional
products and services for the benefit of our customers." Larry
Kuhnert, President of Arcadia Resources, stated, "Our goal is to
provide a one-stop approach to in-home health care that leverages
our centralized management team, unified national branding and
additional marketing support to deliver superior customer support
and services in the in- home health category. The acquisition of
Summit Home Respiratory strengthens this platform for growth by
increasing accessibility to a broad range of services, from in-home
caregivers to durable medical equipment, throughout Southwest
Florida." About Arcadia Resources 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 13 successful staffing and home health
care businesses in Alabama, Colorado, Florida, Georgia, Illinois,
Indiana, Massachusetts, Michigan and North 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. Investor Relations National
Financial Network Geoffrey Eiten Investor Relations 781-444-6100
x613 http://www.nfnonline.com/acdi DATASOURCE: Arcadia Resources,
Inc. CONTACT: Investor Relations: Geoffrey Eiten, Investor
Relations, National Financial Network, +1-781-444-6100, ext. 613,
Web site: http://www.arcadiaresourcesinc.com/
http://www.nfnonline.com/acdi
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