Arcadia expands

Saturday, September 30, 2006

SOUTHFIELD, Mich. - Arcadia Resources acquired Lovell Medical Supply with locations in Mount Airy, North Wilkesboro and Statesville, N.C., and Alliance Oxygen and Medical Equipment with locations in Naples, Sarasota and Englewood, Fla. Terms of the deals were not disclosed, but Lovell and Alliance generate about $3 million and $5.4 million in annual sales, respectively. Both acquisitions help Arcadia "capitalize on the $5 billion home respiratory equipment market," say company officials.