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Arcadia Goes Private After Foreclosure

May 07 2012

Arcadia Services Inc. is continuing as a privately held holding company that will provide home healthcare and healthcare staffing services following a stock transfer, the company announced. Publicly traded Arcadia Resources Inc. (OTCBB: KADR.PK) was foreclosed on by lenders; for the story click here. The Arcadia operations are continuing with Comerica as senior lender.

In addition, CEO John Elliott has returned to Arcadia with aim of rebuilding momentum through focus on home care and staffing, according to the company.

The privately held company is based in Southfield, Mich.

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