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Arcadia Resources Announces Sale of Non-Strategic Businesses
Date:5/19/2009

rcadia Home Care/Medical Staffing division," said Arcadia's CEO Marvin Richardson. "The recent government reimbursement changes in Home Health Equipment, combined with the underperformance of industrial staffing due to deteriorating conditions of U.S. manufacturers, created further operational challenges for us within these non-core segments. By divesting these assets and focusing our attention on our higher growth and higher profit-potential areas, we expect to build value more quickly for our company and our shareholders."

Arcadia also announced it expects to report the results of the sold HHE and industrial staffing businesses as discontinued operations in its fourth quarter and year-end results.

"In March 2009, we extended the majority of our debt to 2012 and raised an additional $3 million," said Richardson. "It's a significant accomplishment to be able to restructure and reduce debt, raise additional working capital and divest of non-core assets - all during difficult industry and macro-economic conditions - and reflects the strength of our team and our enthusiasm for the potential of our continuing operations. We remain committed to our vision of 'Keeping People at Home and Healthier Longer,' and believe we're well positioned for growth."

About Arcadia HealthCare

Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex: KAD), and is a leading provider of home care, medical staffing and pharmacy services under its proprietary DailyMed program.

DailyMed(TM) Pharmacy dispenses a patient's prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date and time the medications should be taken over a 30-day supply. In the dispensing process, a DailyMed pharmacist reviews each pat
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SOURCE Arcadia Resources, Inc.
Copyright©2009 PR Newswire.
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