November 1, 2010 (FinancialWire) (http://www.financialwire.net/) — Arcadia Resources, Inc. (AMEX: KAD), a provider of consumer health care services under the Arcadia HealthCare brand, said that it will sell up to $5 million of securities in a registered direct offering.

Under the terms of separate subscription agreements with the investors, Arcadia will sell up to 15.625 million shares of common stock for a purchase price of $0.32 per share.

Indiana-based Arcadia HealthCare is a provider of home care, medical staffing and pharmacy services under its proprietary DailyMed program.

The company has 65 locations in 18 states.  

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