Arcadia Resources says it will add 930 jobs

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Arcadia Resources Inc. will announce Thursday morning that it plans to add 930 jobs by 2013, according to the company's Web site.

Gov. Mitch Daniels and Mayor Greg Ballard will be present at the company's north-side headquarters for the 10 a.m. announcement, according to a news release from the Indiana Economic Development Corp.

The IEDC news release doesn’t specifically name Arcadia Resources or reveal the number of jobs, but it does list Arcadia's address as the site of the jobs announcement.

A brief posting on Arcadia's Web site says the company plans to add the jobs as part of an expansion of its headquarters and pharmacy operations. 

Officials for Arcadia and IEDC did not return phone calls seeking comment Wednesday afternoon.

Arcadia leased 18,615 square feet of space earlier this year at 9320 Priority Way West in the Precedent Office Park, where the company will make the jobs announcement.

What types of jobs are planned, and how much they will pay, is unknown.

The provider of health care services is trying to grow its DailyMed pharmaceutical service, which packages dosages of prescriptions into individual packets, to make it easier for patients on numerous medications to stick to their drug regimens.

In 2009, Arcadia announced a partnership with Indianapolis-based WellPoint Inc. to provide the DailyMed service to Medicaid patients that WellPoint serves in six states.

Arcadia agreed in 2007 to move from Southfield, Mich., to Indianapolis and create 400 jobs over two years in exchange for about $6 million in economic development incentives.

Arcadia has struggled to remain profitable since going public in 2002. It reported a loss of $3 million in the fiscal third quarter ended Dec. 31, compared with a loss of $2.8 million in the same quarter in 2008. The company reported revenue of $26 million in the quarter, nearly unchanged from the year-ago period.

The company has 270 managerial and administrative employees, mostly in Indianapolis, and 4,000 employees nationwide who provide home health care services.
In California, Arcadia was targeting DailyMed initially to 53,000 patients.

"Our goal is to make Indianapolis the central fill hub for our system," CEO Marvin Richardson told investors during a Feb. 5 conference call. "So all things done with actually dispensing the boxes, will be done in Indianapolis. So things like customer service, order entry, prescription transfers, the medication therapy management component can all be done there. And the capacity that we have in that building will allow us to do that."

Last November, the company made a high-profile move by naming former Indianapolis Mayor Steve Goldsmith to its board of directors.

The public company’s shares, which closed Wednesday at 70 cents each, trade on the NYSE Amex Equities exchange.


  • good news
    This is good news, however, I will believe it when I see it.

    They promised 400 jobs in 2007, and they now have 270. I undestand that all companies overpromise when trying to get govt. incentives, so hopefully this is not just wishful thinking.
  • Jobs
    Arcadia Resources says it will add 930 jobs.

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...