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Arcadia moves headquarters

October 11 2007

Arcadia Resources Inc. (AMEX: KAD) said it's relocating its corporate headquarters to Indianapolis from Southfield MI. The move is designed to set the stage for the introduction of its DailyMed program, according to the company, and it said it will hire more than 400 new workers by 2010. DailyMed is a system that organizes medications into single-dose packets. The Indiana Economic Development Corp. offered the company up to $6 million in tax credits and $137,500 in training grants. Arcadia also provides healthcare staffing and other services such as pharmacy management. Yesterday, the company announced it was rebranding itself Arcadia Healthcare.

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