Keeping people at home and healthier longer.
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Arcadia Resources, Inc., a Nevada corporation, together with its wholly-owned subsidiaries is a national provider of home care services, medical staffing services and specialty pharmacy products and services operating under the service mark Arcadia Health Care and DailyMed respectively. The company operates in two complementary business groups: Home Health/Staffing and Pharmacy/Medication Management. These two business groups operate in two reportable business segments: In-Home Health Care Services (“Services”) and Pharmacy. Within the health care markets, the Company has a broad business mix and receives payment from a diverse group of payment sources.The Company consolidated and relocated its corporate headquarters to Indianapolis, Indiana in 2007. The Company conducts its business from 72 facilities located in 21 states. The company operates pharmacies in Indiana and Minnesota and has customer service centers in Michigan and Indiana.
Prior to May 2004, the Company was named Critical Home Care, Inc. On May 10, 2004, RKDA, Inc., which as of March 31, 2008, became a wholly-owned subsidiary of the Company and the holding company of Arcadia Services, Inc. and Arcadia Products, Inc., completed a reverse acquisition with Critical Home Care, Inc. On November 16, 2004, the company changed its name from “Critical Home Care, Inc.” to “Arcadia Resources, Inc.”.
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- Corporate Governance
- Board of Directors Background
Marvin R. Richardson, R.Ph.
President and Chief Executive Officer
Marvin Richardson is President and Chief Executive Officer of Arcadia Resources, Inc. He joined Arcadia in January 2007 when, as co-founder, President and CEO of Minneapolis, Minn.-based PrairieStone Pharmacy, he completed the sale of PrairieStone to Arcadia.
Richardson is a 32-year veteran of health care and retail pharmacy services. He started his career at age 16 in an independent retail pharmacy in his hometown of Anderson, Indiana.
He worked for the Walgreen Company for 10 years beginning in 1979 before co-founding Low Cost Health Care, where he was President and CEO for 11 years. The company owned and operated retail pharmacies as well as a long-term care pharmacy operation that serviced several thousand patients in Indiana. He later sold this multi-store retail chain and institutional pharmacy chain.
In 2000, he joined Rite Aid Corporation as part of a newly formed management team focused on the turn-around of its operations. He served as Senior Vice-President, Pharmacy Operations and was responsible for pharmacy operations and pharmacy technology for 3,600 pharmacies in the Rite Aid drug chain.
In 2003, he co-founded PrarieStone Pharmacy headquartered in Minneapolis, Minn. and served as President and CEO. PrarieStone focused on the implementation of automation designed to allow the pharmacist more time for patient interaction. The company was named “Chain of the Year” by Drug Topics magazine in 2005.
Richardson is a 1980 graduate of Purdue University in West Lafayette, Ind., where he earned his Bachelor of Science degree in Pharmacy. He is former Chairman of the Long Term Care Committee of the National Association of Community Pharmacies and served on the Pharmacy Committee for the National Association of Chain Drug Stores. He has been an advisor to several major government leaders on Health Care policy, including Vice President Dan Quayle.
Stephen Goldsmith
Stephen Goldsmith is the Daniel Paul Professor of Government and Director of Innovations in American Government Program at Harvard University’s Kennedy School of Government. He is also the Chairman of the Corporation for National and Community Service, the nation’s largest grant maker supporting the effectiveness of national and community services programs.
Previously, he served two terms as Mayor of Indianapolis, America’s 12th largest city, where he earned the reputation as one of the country’s leading municipal proponents of public-private partnerships, competition and privatization. As mayor, his efforts revitalized the Indianapolis public hospital system and its clinics, cut the city’s bureaucracy, eliminated counterproductive regulations and invested over $1 billion in infrastructure including a transformation of downtown Indianapolis that has been held as a national model. Mr. Goldsmith, the chief domestic policy advisor to President Bush in the 2000 campaign, is the author of numerous books and articles relating to public affairs and has received many awards recognizing his leadership and accomplishments in public life. He holds a J.D. degree from the University of Michigan and a bachelor’s from Wabash College in Indiana. His father and grandfather were pharmacists.
Peter Anthony Brusca
Peter Anthony Brusca, M.D. is a physician who practiced in otolaryngology in the Chicago, Illinois area through 2004. Dr. Brusca earned his medical degree in 1967 from Loyola University Stritch School of Medicine. He earned his Bachelor of Science Degree in 1963 from Loyola University, Chicago. He is certified by the American Board of Otolaryngology, and is a Fellow of the American College of Surgeons, American Academy of Otolaryngology Head and Neck Surgery, and is a member of other professional organizations.
Joseph Mauriello
Mr. Mauriello retired in 2006 as Deputy Chairman & COO of KPMG after 40 years with the firm. He was responsible for its day-to-day operations and financial affairs. As Deputy Chairman, he also chaired the firm's Management Committee. In addition, Mr. Mauriello was COO for the Americas Region and member of the Boards of KPMG LLP and KPMG Americas. After joining KPMG in 1965, he held a series of leadership positions and serviced some of the firm's most prestigious global clients. During his career, he specialized in serving global financial services clients in New York, New Jersey, Connecticut and Los Angeles markets. He also served as lead partner for a number of global companies. Prior to his most recent position, he was a member of the Board of Directors of KPMG in 1990-94, and Partner in Charge of the firm's Financial Institution Practices in 1987-1996.
In addition, Mr. Mauriello serves on the Board of Directors of XL Capital Ltd., the Board of Directors of The Hamilton Funds of the Bank of New York, the Board of Overseers of the School of Risk Management, Insurance and Actuarial Sciences of the Peter J. Tobin College of Business at St. John's University, and the Board of Trustees of the St. Barnabas Medical Center, Livingston, NJ.
Daniel Eisenstadt
Mr. Eisenstadt began his career as a corporate lawyer in the New York office of Fulbright & Jaworski, L.L.P., with a practice focused on securities offerings and mergers and acquisitions. He then served as Vice President and founding Executive Director of the Auschwitz Jewish Center Foundation. In addition, Mr. Eisenstadt has been involved in several entrepreneurial ventures. Mr. Eisenstadt currently serves as Director of Private Equity at CMS Companies, an investment fund based in Philadelphia. He is a member of the Investment Committee of Quad Partners II, serves on the Board of Directors of Beckfield College LLC, and serves as an observer on the boards of HB&G Building Products Inc. and High Response Holdings LLC.
John T. Thornton
Mr. Thornton owns and manages J.T. Investments, Inc., a real estate development and investment company. Mr. Thornton is also a former board member and audit and finance committee member of XL Capital Ltd. (NYSE: XL), an insurance, reinsurance and financial products company. From 1987 to 1999, Mr. Thornton served as executive vice president and chief financial officer of Norwest Corporation (now Wells Fargo). From 1984 to 1987, Mr. Thornton was senior vice president and controller of Norwest Corporation. Mr. Thornton received a law degree from St. John's University and was admitted to the New York State Bar in 1972. Mr. Thornton became a Certified Public Accountant in 1964.
- Code of Ethics
- Contact Board of Directors
Communications with the Board of Directors should be addressed to the Chairman of the Board and may be sent by letter to:
Arcadia Resources, Inc.
9229 Delegates Row, Suite 260
Indianapolis, IN 46240
- Committee Charters
- Board of Directors Background
- Strategy
The services offered by Arcadia, will be in strong demand for years to come due to a number of economic and demographic factors. The company is solidly positioned to provide high-quality, cost-effective solutions because:
- The aging of the "baby boomer" generation, the largest and wealthiest in American history, will lead to an increased need for home care services, home-delivered medicine and medical equipment. The total number of people over 65 is expected to more than double - from 35 million today to 79 million - by 2030.
- As Americans live longer, hospitals and other health care facilities are expected to encounter an ever-worsening shortage of nurses and other essential personnel. On any given business day, Arcadia Resources, Inc., has approximately 4,000 employees working in businesses and medical facilities.
- Studies show that individuals function better and recover quicker when in their own homes. Arcadia Resources provides the caregivers, prescription medicines and equipment that enable them to do that.
- Businesses and government will intensify the search for ways to reduce health care costs without diminishing quality care. Recovering at home costs far less than in a facility.
- Medication Management
- Helping health care facilities manage costs
The following are just some of the business strengths of Arcadia:
- Highly effective, experienced and proven management team
- Customer-focused culture
- Diverse client base
- Strong affiliate relationships
- Industry leader in markets served
- Stock Symbol
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Click on the link "Investor Update January 2010" to download the PDF.
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- Other Investor Information
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Computershare
250 Royall Street
Canton, MA 02021
www.computershare.com
Telephone Inquiries:
800-622-6757 (US, Canada, Puerto Rico)
Email inquiries: Internet inquiries: Investor Center website at www.computershare.com/investor
781-575-4735 (non-US)
