Arcadia expands in North Carolina

Sunday, September 10, 2006

SOUTHFIELD, Mich. - Arcadia Resources acquired Lovell Medical Supply for an undisclosed sum, the company announced Sept. 5. Lovell is a respiratory and DME provider with locations in Mount Airy, Elkin, North Wilkesboro and Statesville, N.C.

Lovell has approximately $3 million in annual sales.

"Lovell is another step to help us capitalize on the $5 billion home respiratory equipment market in the United States," Arcadia Chairman and Chief Executive John E. Elliott II said in a statement.