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UPDATE: Arcadia confirms major growth plans

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Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.

IBJ first reported the health care service-provider’s plans Wednesday afternoon.

Company officials joined Gov. Mitch Daniels and Mayor Greg Ballard in making the official announcement at Arcadia’s north-side headquarters. The Indiana Economic Development Corp. offered up to $13.5 million in tax credits based on the company’s job-creation plans, and city officials will consider an additional property tax abatement.

The company leased 18,615 square feet of space earlier this year at 9320 Priority Way West in the Precedent Office Park.

Arcadia said it plans to grow its corporate presence and centralize its pharmacy-fulfillment operations here, hiring managers, pharmacists, pharmacy technicians, account managers and sales staff. It now has about 500 employees in Indiana and 4,000 nationwide who provide home health care services.

The company 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 in six states. Revenue from its DailyMed program has increased for six consecutive quarters, the company said.

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.

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.

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  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.

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