Arcadia Resources Acquires California-Based Respiratory and Durable Medical Equipment Business
18 11월 2005 - 10:00PM
PR Newswire (US)
SOUTHFIELD, Mich., Nov. 18 /PRNewswire-FirstCall/ -- Arcadia
Resources, Inc. (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading
national provider of home care and staffing services, including
travel nursing; mail-order pharmacy; and durable medical equipment
(DME), announced its completion of the purchase of O2 Plus, a
respiratory and durable medical equipment supplier in San Fernando,
California. The principals and founders of O2 Plus, Reggie and
Brenda Rodriguez, hold over 38 years of combined, diverse home care
experience. Their sales and management expertise spans the home
care areas of HME (home medical equipment), home respiratory
therapy, dialysis and home health/infusion therapy. The company's
signature product offering is currently the Invacare HomeFill II
Premium Oxygen System. Using this newer technology has provided a
strong base of oxygen patients in this market. Larry Kuhnert,
president of Arcadia Resources, stated, "We are very excited to
acquire O2 Plus, whose principals are innovators in delivering
efficient respiratory systems to hundreds of customers. With the
acquisition of O2 Plus, we have added an experienced respiratory
and DME team, which complements our existing services product
offerings in the state of California. The acquisition of O2 Plus
supports our overall strategy to strengthen each of our product
lines and expand sales nationwide to create multiple revenue
streams including mail-order, home health care products, staffing
and services. This acquisition brings annual revenues of $1.2
million and will be immediately accretive to Arcadia." "The
acquisition by Arcadia Resources will enable the Company to
immediately diversify its payor mix and lead to the expansion of
its product offering; these two critical components will be the
catalyst for rapid expansion in the greater Southern California
marketplace. We are excited to be a part of the Arcadia family, and
look forward to benefiting from the resources and network that
Arcadia offers both to O2 Plus and the clients we serve," stated
Reggie Rodriguez of O2 Plus. 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. 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 http://www.nfnonline.com/acdi DATASOURCE: Arcadia Resources,
Inc. CONTACT: Geoffrey Eiten, Investor Relations of National
Financial Network, +1-781-444-6100 x613, Web site:
http://www.arcadiaresourcesinc.com/ http://www.nfnonline.com/acdi
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