Darian Byrd of Lovell said, "It is exciting to join a company with the nationwide resources that will allow us to continue our growth and expansion. Arcadia's mission of creating a 'one-stop-shop' for home health care is a perfect fit for the high quality respiratory and durable medical equipment services that we provide our customers and patients."
Arcadia Chairman and CEO John E. Elliott II, said, "The acquisition of Lovell Medical Supply is further evidence of the expansion of Arcadia's national platform. Lovell's regional presence and its reputation in the community of delivering high quality products and services is a natural fit for Arcadia. Arcadia continues to look for opportunities to enhance our balanced revenue mix by focusing on higher margin services such as DME. Lovell is another step to help us capitalize on the $5 billion home respiratory equipment market in the United States."
About Arcadia Resources
Arcadia Resources, Inc. is a national provider of home care services and products, including respiratory and durable medical equipment; non-medical and medical staffing, including travel nursing; a mail-order pharmacy; and a catalog of health care-oriented products, also available for purchase on http://www.arcadiahomehealth.com and other leading retailer websites. Through industry partnerships, the Company is also establishing walk-in routine (non-emergency) medical clinics inside of supercenter retail stores. Arcadia'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 or through the convenience of local health care sites. For more information, visit: http://www.arcadiaresourcesinc.com.
Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21A of the Securities Exchange Act of 1934, as amended, if applicable to the Company, and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, including our estimates of consumer demand for retail store health clinic services, required capital investment, build-out schedules, competition, and other factors. Actual results may differ materially from those anticipated or implied in the forward-looking statements, which speak only as of the date hereof. Additional information that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law.
Investor Contact: Krista Finkbeiner at Arcadia Resources, Inc., (239) 434-8884. Media Contact: Walter Kraft at Caponigro Public Relations Inc., (248) 355-3200.
Source: Arcadia Resources, Inc.
