National Healthcare, Pharmaceutical Company Selects Indianapolis for New Corporate Headquarters

INDIANAPOLIS, IN - Governor Mitch Daniels joined Arcadia HealthCare (AMEX:KAD) chief executive Marvin Richardson Wednesday, October 9, to announce the company's plans to relocate its national headquarters here, creating more than 400 new jobs by 2010.

The provider of home healthcare and products will invest more than $3 million to relocate its suburban Detroit headquarters to Indianapolis' north side and will begin hiring managers, pharmacists, pharmacy technicians and sales staff later this year. 

"New jobs in Indiana are always a great story, but headquarters announcements have special meaning in the variety of jobs, higher pay, and deeper civic commitment they bring," said Daniels.  "And we've seen a string of new headquarters coming to the state this year - Really Cool Foods, SMC Corporation and Veolia Water just to name a few."

The relocation of the company's Southfield, Mich., corporate headquarters comes as it readies the national launch of DailyMedT, a drug packaging system that puts patients multiple prescription and over-the-counter medicines and vitamins into a roll of single dose packs labeled with the dates and times the patient should take the medications. 

"There is real health care crisis taking place all across America, and it's called medication non-compliance," Richardson said.  "DailyMedT is the only retail drug packaging system in the nation that addresses this crisis with an inexpensive, easy-to-use and effective solution that simply pre-sorts a patient's medications into single dose packets.  With DailyMedT, we can finally say goodbye to all those pill bottles and those confusing pill sorters."

As part of its relocation to Indiana, Arcadia is developing a relationship with the state's Family and Social Services Administration to market DailyMedT to the more than 100,000 Medicaid recipients as well as the 1.7 million Hoosiers enrolled in Medicare.

The Purdue University School of Pharmacy and Pharmaceutical Sciences, located in West Lafayette, Ind., is currently involved with a clinical trial with Arcadia that examines prescription drug compliance among current DailyMedT users.  The objective of the study, Richardson said, is to determine if DailyMedT can improve a person's ability to adhere with a prescription drug regimen and therefore help reduce other medical and healthcare costs associated with medication errors and non-compliance.  Nationally, medication-related problems create more than $177.4 billion in avoidable healthcare costs, according to the American Society of Consultant Pharmacists.

"Within the pharmacy community, we recognize the benefits technology and automation could bring to pharmaceutical care and outcomes," said Craig K. Svensson, Pharm. D., Ph.D., Dean of the College of Pharmacy, Nursing and Health Sciences at Purdue University. "Alternatives to the prescription vials and plastic medication reminders may be helpful to patients trying to organize their use of multiple medications. The DailyMedT program offers a possible solution to simplify medication management to help ensure patients take the right dose of medication at the right time. We are pleased to extend our expertise to a compliance study of product that may help patients in their daily treatment."

The Indiana Economic Development Corporation offered Arcadia up to $6 million in performance-based tax credits and up to $137,500 in training grants based on the company's job creation plans.  The City of Indianapolis offered the company property tax abatement and Indianapolis Economic Development assisted in the effort.

Publicly traded on the American Stock Exchange under the symbol KAD, Arcadia employs over 13,000 professionals across the country in 105 operating locations and operates in 23 states. DailyMedT is available on-line at http://www.dailymedrx.com/ or by calling 800-973-1955.

Source: Indiana Economic Development Corporation