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Southfield Health Care Firm Moving HQ to Indiana
Arcadia HealthCare, a provider of home health care and products, plans to reposition its national headquarters here from Southfield, and says it will generate 400 jobs by 2010.
Gov. Mitch Daniels joined Arcadia Health Care Chief Executive Marvin Richardson in announcing the move from Southfield to the north side of Indianapolis. The company plans to invest more than $3 million in the relocation and shall start hiring managers, pharmacists, pharmacy technicians and sales staff later on this year.
The move comes as the company readies the national launch of Daily Med, a drug packaging system that places 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 must take the medications.
As part of its relocation to Indiana, Arcadia is developing a relationship with the state's Family and Social Services Administration to market Daily Med to the more than 100,000 Medicaid recipients as well as the 1.7 million Hoosiers registered in Medicare.
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.
Publicly traded on the American Stock Exchange, Arcadia employs more than 13,000 people across the country in 105 operating locations in 23 states.