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Arcadia to Test Wal-Mart Waters
Aug 7, 2006 12:52 PM
SOUTHFIELD, Mich.--The latest in a list of HME providers to move operations into Wal-Mart, Arcadia Resources said Wednesday it has leased space in one of the giant retailer's Florida stores. Located inside a Wal-Mart in St. Petersburg, Fla., the Arcadia-branded store will sell its full line of DME and respiratory equipment, including sleep apnea equipment and nebulizers, wheelchairs, scooters, stair lifts and beds along with other patient safety and mobility items.
According to Arcadia Chairman and CEO John Elliott II, the company expects to continue expanding direct-to-consumer DME sales through retail channels and walk-in medical clinics.
Through a partnership with Physicans' Organization of Western Michigan to provide medical oversight, the company announced in June that it plans to open nine walk-in clinics staffed by its nurse practitioners in Meijer superstores in Indiana. In October, the company opened six Sears Home Health Care centers selling DME in the Detroit area, and earlier last year gained licensing rights to distribute Sears' Shop at Home catalog of home health and wellness products. (See HomeCare Monday, Oct. 11, 2005.)
Arcadia, which provides home care and staffing services, mail order pharmacy and DME, reported $105.3 million in revenues in 2005. The company has made more than 20 acquisitions within the past two years. Last month, Arcadia began trading on the American Stock Exchange under the ticker symbol KAD.
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