Navigation Links
Arcadia Completes New Financing; Previews Fourth Quarter Results
Date:3/27/2009

- Debt Maturities Extended to 2012; $3 Million in New Financing

- DailyMed(TM) Sales Expected to Increase More Than 40% Over Prior Quarter

INDIANAPOLIS, March 27 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider of innovative consumer health care services under the Arcadia HealthCare(SM) brand, today announced that it has successfully completed a restructuring of $24 million of its outstanding debt, extending the maturity to April 2012, and raising an additional $3 million in working capital.

The Company also announced that sales of its DailyMed medication management system are expected to be 40% higher in the fourth quarter ended March 31, 2009 compared with the most recent third quarter, exceeding previous projections. However, the Company said it expects that its fiscal 2009 fourth quarter EBITDA loss from continuing operations will exceed the loss reported for the third quarter, reflecting declines in industrial and medical staffing revenues and expenses related to the continuing ramp-up of the new Indianapolis pharmacy operations. Arcadia said it is actively pursuing the sale of non-core businesses and has also implemented cost-control measures, including a 10% reduction in executive compensation.

Debt Restructuring

The Company has restructured approximately $24 million in principal amount (plus accrued interest) of secured and unsecured promissory notes and received an additional $3 million in loans, principally from its two largest shareholders.

The restructured notes, previously set to mature October 2009, have been exchanged for new promissory notes totaling approximately $27 million, inclusive of the $3 million working capital loan. The new notes have a maturity of April 2012, accrue simple interest at the
'/>"/>

SOURCE Arcadia Resources, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7

Related medicine news :

1. Roche Completes Acquisition of Genentech
2. Phyhealth Completes Funding Transaction with AccessKey IP, Inc.
3. Endo Pharmaceuticals Completes Acquisition of Indevus Pharmaceuticals
4. Final Patient Completes Treatment In Boehringer Ingelheims RE-LY(R) Study, The Largest Atrial Fibrillation Outcomes Trial To Date
5. MxSecure, Inc. Completes Custom Document Management Interface for Roanoke Neurological Associates
6. BridgePoint Medical Completes First U.S. Clinical Case Using CrossBoss and Stingray Devices in CTO Angioplasty Procedure
7. RoundTable Healthcare Partners Completes Portfolio Company Add-On Acquisition
8. Biostar Pharmaceuticals, Inc. Completes 8.6-Acre Land Purchase to House New Raw Materials Processing Plant
9. Solos Endoscopy, Inc. Successfully Completes FDA Inspection
10. NDC Completes Acquisition of Phase One Medical(R) Anchoring Technology
11. Abbott Completes Acquisition of Advanced Medical Optics

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/27/2009)... KELOWNA,BC,Nov.27/PRNewswire/-UploadableUSBpedome...lness.Acombinationofadvancedaccelerometerfunctiona...rnovertheaccuracyofself-reporteddata.It,snowpossib...nafitnessprogram. ,, CoreHealthTechnologiesison...ogy."Ourhealthchallengesareeasytoadministerandpart...
(Date:11/27/2009)... ROCHESTER,N.Y.,Nov.27/PRNewswire-USNewswire/--Pre...dfortunatelyeveryyear,newvaccinesarebeingaddedtoas...ityforthesameperiodoftime?And,ifnot,whenareadditio... Inthismonth,sissueofPediatrics,theJournaloftheAme...toroftheRochesterGeneralResearchInstitute,basedatR...
(Date:11/27/2009)... and cycling plus low-emission vehicles may reduce... , FRIDAY, Nov. 27 (HealthDay News) -- Encouragin...ng cars would offer much greater public health ben..., U.K. researchers have found. , The study comp...native urban land transport scenarios for London, ...
(Date:11/27/2009)... Multi-purpose bilingual colorin...ed for use by the business community to educate - ...subjects from Safety issues to Dinosuars to ABC,S ... Saint Louis, MO (PRWEB) November 27, 2009 -- ...onics or toys to keep them busy any hour of the da...
(Date:11/26/2009)... PRINCETON,N.J.,Nov.27/PRNewswire/--Thediabetespop...t25yearsandannualmedicalspendingonthediseaseisproj...dingtoastudypublishedintheDecemberissueof Diabetes...CDP),aprogramofNovoNordisk,commissionedtheanalysis...totheforecast,thenumberofAmericanslivingwithdiabet...
Breaking Medicine News(10 mins):Health News:New USB technology adds accountability and convenience to wellness programs 2Health News:Why Some Vaccines May Require A Booster 2Health News:Why Some Vaccines May Require A Booster 3Health News:More Foot Power, Less Car Pollution Best for Health 2Health News:Really Big Coloring Books Debuts Bi-Lingual Spanish-English Line of Custom and Imprintable Coloring Books 2Health News:Diabetes Population to Double, Diabetes Costs to Nearly Triple, in 25 Years, New Study Shows 2Health News:Diabetes Population to Double, Diabetes Costs to Nearly Triple, in 25 Years, New Study Shows 3
...iott Yamin To Perform, LOS ANGELES, Sept. 11 Ope...ty dedicated to helping improve the health and,liv...Lopez, American Idol:,"Idol Gives Back" and Vicky ...ett Family. "E! News" host Giuliana Rancic,emcees ...
...YANG, China, Sept. 11 /Xinhua-PRNewswire-FirstCall...C Bulletin Board: GNPH) ("Genesis" or,the "Company...,s Republic,of China, today announced that the Com...Annual New Drugs Conference (the,"Conference") spo...
... American Podiatric Medical...eventative tips. , Bethes...-09 football season still in its fledgling stages,...ing back for the Ohio State University Buckeyes, c...
...T WORTH, Texas, Sept. 11 Wound Management,Technol... today its,strategic plans for the remainder of th... on bringing the science and technology to the mar...rking,with several major medical groups, physician...
...CLEMSON Black lung disease is not a problem of th...to die from it and associated ailments. , In resp...arded John R. Saylor, associate professor of mecha...lor,s research focuses on a combination of water s...
...rnal of Nutrition Cites Almonds as a Rich Source t...re than 90,percent of the U.S. population does not...n E, according to a special supplement to the,Sept...concluded that vitamin E, among other things, can ...
Other Medicine News:Health News:Operation Smile to Honor Mario Lopez, American Idol: 'Idol Gives Back,' Roma Downey & Mark Burnett Family and Vicky Mense at Smile Gala in Los Angeles 2Health News:Genesis Pharmaceuticals Received New Purchase Orders Worth $12 Million 2Health News:Genesis Pharmaceuticals Received New Purchase Orders Worth $12 Million 3Health News:Foot Injuries Plague Athletes During Fall Sports Season 2Health News:Foot Injuries Plague Athletes During Fall Sports Season 3Health News:Wound Management Technologies, Inc. Announces Strategic Plans for Revenue Growth for Year End and 2009 2Health News:CDC awards Clemson researcher $700,000 to study black lung prevention 2Health News:E-mergency? Majority of U.S. Consumers Lack Essential Vitamin E 2
(Date:11/25/2009)...TER,N.J.,Nov.25/PRNewswire/--TheFDAgrantedtraditio...non-nucleosidereversetranscriptaseinhibitor(NNRTI)...eintreatment-experiencedadultswhoareexperiencingvi...dotherantiretroviral(ARV)agents.Thetraditionalappr...sDUET-1andDUET-2.INTELENCEiscurrentlymarketedinthe...
(Date:11/25/2009)...IDGE,N.J.,Nov.25/PRNewswire/--RegadoBiosciences,ap...mboticaptamerswithactivecontrolagents,announcedtha...thePiperJaffray21stAnnualHealthCareConferenceatthe...tionwillbegivenat1:10pm(EST)onTuesday,December1and...hasisontheleaddevelopmentprogram,theanticoagulants...
(Date:11/25/2009)...Y,Calif.,Nov.25/PRNewswire-FirstCall/--Abaxis,Inc....ngpoint-of-carebloodanalysissystems,announcedtoday...,willpresentatthe21stAnnualPiperJaffrayHealthCareC...econferencewillbeheldattheNewYorkPalaceHotelinNewY...manufacturesandmarketsportablebloodanalysissystems...
Breaking Medicine Technology:U.S. Food And Drug Administration (FDA) Grants Traditional Approval for INTELENCE(R) (etravirine) 2U.S. Food And Drug Administration (FDA) Grants Traditional Approval for INTELENCE(R) (etravirine) 3U.S. Food And Drug Administration (FDA) Grants Traditional Approval for INTELENCE(R) (etravirine) 4Regado Biosciences to Present at the Piper Jaffray 21st Annual Health Care Conference on December 1, 2009 2Syngenta Acquires Innovative Bio Control Technology to Improve Usable Crop Yields 12574 1Syngenta Acquires Innovative Bio Control Technology to Improve Usable Crop Yields 12574 2Syngenta Acquires Innovative Bio Control Technology to Improve Usable Crop Yields 12574 3A WIT Technologies Releases World 26apos 3Bs First Low Cost C Stamp 28TM 29 Based Biotechnology Laboratory in a Box 12572 1A WIT Technologies Releases World 26apos 3Bs First Low Cost C Stamp 28TM 29 Based Biotechnology Laboratory in a Box 12572 2Polycom and AMD Global Telemedicine Inc To Deliver Integrated Visual And Voice Telehealth Capability To Clinicians On The Go 48554 1Polycom and AMD Global Telemedicine Inc To Deliver Integrated Visual And Voice Telehealth Capability To Clinicians On The Go 48554 2Polycom and AMD Global Telemedicine Inc To Deliver Integrated Visual And Voice Telehealth Capability To Clinicians On The Go 48554 3
...tes Recognized as Marker of,Treatment Success -, ...-conducted study being presented at the 59th Annua...y of Liver Diseases (AASLD) shows that,PEGASYS(R) ...in higher,sustained virological response (SVR) rat...s with another pegylated interferon.(1), Comparin...
...,significantly increase the risk of the most commo...ied by researchers at Massachusetts General,Hospit...November 7th issue,of American Journal of Human Ge...s Genome Project" (AGP) established three years ag...genetic risk factors, may lead to more,aggressive ...
Other Medicine Technology:New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 2New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 3New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 4New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 5New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 6New Study Shows that PEGASYS(R) Regimen Provides Higher Sustained Virological Response Rates for Hepatitis C Patients 7Breakthrough Mapping of Alzheimer's Genome Helps ID Four New Suspect Genes 2Breakthrough Mapping of Alzheimer's Genome Helps ID Four New Suspect Genes 3
Eppendorf Research Series 2100 Adjustable-volume Pipette, 20-200 l
...or for sub-microliter pipetting and beyond. Offers...adjustable. Features lPLUS, a direct-drive digital...le ejector buttons to fit large hands or tiny hand...ifferent lengths. Air-displacement mechanism. No r...
...bsystems was designed specifically to combine ergo...features such as the new fast dial system with .01...define this as a new leader in single channel pipe...a custom fit for different hand sizes. The new sho...
...tte is a synonym for pipetting accuracy, a smooth ...operating comfort. Its single, multifunctional but...ow-out as well as eject the tip. Product features...ccuracy and precision. Ejection sleeve can be rem...
Medicine Products: