Arcadia exits HME

Tuesday, June 30, 2009

INDIANAPOLIS--Arcadia Resources has waved goodbye to home medical equipment. It announced May 19 that it sold the remainder of its HME business to two companies, Pacific Pulmonary in California and Aerocare Holdings in Florida. In another transaction, it sold its industrial staffing business to Employment Plus in Illinois. The total price tag: $11.2 million. Arcadia will now focus on two businesses: Arcadia Home Care/Medical Staffing, which provides services like meal preparation, bathing and exercise to patients in their homes; and DailyMed, a pharmacy service that helps patients take multiple medications.