Arcadia Resources Acquires United Health Care Services
April 11 2005 - 9:01AM
PR Newswire (US)
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
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