Arcadia, based at 9229 Delegates Row on the northeast side, said today it has finalized a lease on 7,000 square feet and that the first employees will be hired by the end of the year.
The pharmacy operation is a new business that packages medication for seniors into convenient packages for meal time or a daily basis.
After the pharmacy operation is fully launched, Arcadia anticipates having a total of 400 employees in the state.
The company, which has focused on home care and staffing, was lured to Indianapolis by its central location and more than $6 million in incentives.
Arcadia shares are trading at 27 cents each, down from a peak of $3.44 two years ago.