Arcadia Resources secures $10 million

Wednesday, January 31, 2007

SOUTHFIELD, Mich. - Arcadia Resources has obtained $10 million in equity funding, the company announced Jan. 3. The HME roll-up will use the money to facilitate its current business plan of opening walk-in, routine medical clinics in host sites like supercenter retail stores. Recently, it opened three such clinics in Nevada, one in Indiana and three in Michigan. "We're contracted to open a total of 34 sites in the next three months," stated Chairman and CEO John Elliott in a release.