January 30, 2005

Big deals: Arcadia sees Sun Belt as health care hot spot

The rapid growth of a Southfield-based home health care and medical equipment company is the subject of this article. Arcadia Resources has grown from $9.5 million to $95.9 million in its first 14 months of business. It acquires other companies, primarily through the issue of company stock and debt financing. But there are risks. "The risk is that someone has to turn a profit and get cash flow or the debt doesn't get paid and, worst case scenario, the company goes bankrupt," explains Randy Paschke, chair of the Accounting Department in the WSU School of Business Administration.

Subscribe to Today@Wayne

Direct to your inbox twice a week

Related articles