Arcadia Resources Inc fka ACDI

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News:http://biz.yahoo.com/prnews/051024/dem032.html?.v=20

Press Release Source: Arcadia Resources, Inc.

Arcadia Resources Acquires Select Assets of Sparrow Development to Expand Services in Mid-Michigan
Monday October 24, 3:09 pm ET

SOUTHFIELD, Mich., Oct. 24 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), a leading national provider of home care and staffing services, including travel nursing, mail-order pharmacy and durable medical equipment (DME), announced today that Arcadia Health Services of Michigan, Inc. has acquired select private duty home care services assets from Sparrow Development, Inc., a holding company of the Sparrow Health System in Lansing, Michigan. Sparrow Development is an affiliate of Sparrow Health System, a major provider of inpatient, outpatient, and home care services serving the mid-Michigan markets.

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Larry Kuhnert, president of Arcadia Resources, stated, "By acquiring Sparrow private duty services' assets, we not only add value to our existing service offerings, but also can realize significant sales and cost synergies through the integration of these assets under our centralized location in Lansing, MI. We expect this acquisition will be accretive to our earnings beginning in 2005."

Susan M. Powell, Administrative Director of Sparrow Private Duty Services, stated, "We are excited to be working with the Arcadia team of professionals. For the patients and employees of Sparrow private duty services, we believe Arcadia offers expanded access to a leading, nationwide home health care agency to continue to deliver expert services to our community."

About Arcadia Resources, Inc.

Arcadia Resources, Inc. operations include home health care services; non-medical and medical staffing, including travel nursing; 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:
National Financial Network
Geoffrey Eiten, Investor Relations
781-444-6100 x613
[e-mail]
http://www.nfnonline.com/acdi


Source: Arcadia Resources, Inc.

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News:
http://biz.yahoo.com/prnews/051012/dew024.html?.v=25

Arcadia Resources Enters South Carolina Market with Acquisition of Medical Equipment Company
Wednesday October 12, 2:10 pm ET

SOUTHFIELD, Mich., Oct. 12 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), 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.

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"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
[e-mail]
http://www.nfnonline.com/acdi


Source: Arcadia Resources, Inc.

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News:
1)http://biz.yahoo.com/prnews/051003/dem031.html?.v=17
2)http://biz.yahoo.com/prnews/051003/dem034.html?.v=13
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Arcadia Resources Closes $31 Million Private Placement to Accelerate M&A Strategy
Monday October 3, 2:40 pm ET

SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), a leading provider of home care and staffing services, mail-order pharmacy and durable medical equipment ("DME"), announced today that it has completed its private placement financing totaling $31 million. The net proceeds have been used to recapitalize the balance sheet of the Company, with the remainder earmarked to fund merger and acquisition activities. Details of the transaction can be found in the Company's Form 8-K filed at http://www.sec.gov on September 30, 2005. John E. Elliott II, chairman and CEO of Arcadia Resources, Inc., stated, "With this substantial funding, we have strengthened our balance sheet, including eliminating approximately $23 million or 75% of our interest-bearing debt. We are now in a more favorable position to step up the Company's acquisition momentum within the home health care services industry. In addition to strategic M&A activities, this funding supports the execution of enhanced marketing programs and should help facilitate expansion among our local service providers, including growing our kiosk presence within select Sears stores. We expect to continue to advance our position as one of the nation's leading integrated home health care services providers."
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Arcadia Resources Opens Home Health Care Centers at Six Detroit-Area Sears Stores
Monday October 3, 3:21 pm ET

SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC Bulletin Board: ACDI - News), as a licensed business partner of Sears, Roebuck and Co., announced today that it has launched "Sears Home Health Care," a dedicated store area for products that promote home care, personal independence and medical well-being. The Home Health Care centers are now operating in six Sears stores in the metropolitan Detroit area. Arcadia Resources created the concept and is responsible for the development and operation of Sears Home Health Care centers. Arcadia Resources is a leading national provider of home care and staffing services, mail-order pharmacy and durable medical equipment (DME).

Detroit was selected for the launch because it is one of Sears' strongest markets in the United States. In addition, the Detroit market has a significant population of active consumers in their late 40s through their 70s and 80s, a primary target for the new Sears Home Health Care centers.

"The Sears Home Health Care centers are designed to serve the growing population of adults who are seeking homecare solutions that allow them to maintain an active and independent lifestyle," said John Elliott II, chairman and CEO of Arcadia Resources, Inc. "While many of the products benefit consumers of all ages, there is a specific need among mature adults for homecare products and medical equipment that help them achieve and preserve the lifestyle they desire."

Sears Home Health Care centers feature a distinct identity to distinguish them from surrounding products and departments. Each center includes more than 1,000 products ranging from mobility devices such as wheelchairs, scooters, stairway lifts and walkers, to orthopedic support, bathroom safety and adjustable beds.

"Sears Home Health Care centers make it possible for people to shop for home health care products in a comfortable setting staffed by experienced health professionals," said Larry Kuhnert, President of Arcadia Resources, Inc.

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Impressive 1 year chart