Arcadia announces new identity, headquarters, product line
INDIANAPOLIS Arcadia Resources has revealed a new brand identity, Arcadia HealthCare, and announced that it will be relocating its national headquarters to Indianapolis‹setting the stage for the national launch of its DailyMed consumer product line.
Arcadia HealthCare is a provider of home care services and products and an operator of in-store health clinics. Earlier this year, the company snapped up PrairieStone Pharmacy.
“This brand identity will help provide greater visibility in the marketplace to our innovative health care solutions and services, such as pharmacy management, our DailyMed prescription compliance program, medical staffing and licensed clinics,” explained Marvin Richardson, Arcadia’s president and chief executive officer.
The company’s formal corporate name, Arcadia Resources, as well as the company’s stock symbol, KAD, remain unchanged.
Meanwhile, Arcadia is working to relocate its Southfield, Mich., corporate headquarters to Indianapolis’ north side and will begin hiring managers, pharmacists, pharmacy technicians and sales staff later this year. The company plans to hire more than 400 new employees by 2010.
Arcadia also is working to promote DailyMed, which is a retail drug packaging solution that pre-sorts multiple prescriptions, OTC medications and vitamins into easy-to-use single-dose packets.
The company is working with Indiana’s Family & Social Services Administration via its Options Program, as well as its Community Actions Agencies and the Area Agencies on Aging to promote DailyMed to about 100,000 Medicaid recipients. In addition, about 1.7 million Hoosiers enrolled in Medicare will be informed about DailyMed through a direct-to-consumer campaign on health and wellness.
“The statewide DailyMed initiative will allow us to jump start our national launch, which we anticipate will occur in April 2008. Based on metrics from our successful rollout in the Minneapolis St. Paul Metroplex, we estimate this Indiana initiative should represent $40 million in incremental revenues in fiscal 2009 ending March 31, 2009, a 30 percent increase in company revenue,” stated Richardson. “We also expect some revenue growth in the balance of fiscal 2008 ending March 31, 2008 as we implement the program beginning in November 2007.”
The move is accompanied by clinical trial with the Purdue University School of Pharmacy and Pharmaceutical Sciences, of West Lafayette, Ind. The trial will examine prescription drug compliance among current DailyMed users. The objective of the study, according to the company, is to demonstrate that DailyMed can improve a person’s ability to adhere to a prescription drug regimen, thus reducing other medical and healthcare costs associated with medication errors and non-compliance. Nationally, medication-related problems create more than $177.4 billion in avoidable health care costs, according to the American Society of Consultant Pharmacists.
NACDS mourns passing of its first president
ALEXANDRIA, Va. Drug Store News has learned of the passing of former—and first—NACDS president and chief executive officer Bob Bolger, who died early Monday morning. The following is from NACDS president Steve Anderson:
On the Passing of Robert J. Bolger
I must share with the members and partners of the National Association of Chain Drug Stores the sad news that Bob Bolger passed away early in the morning on Monday, Oct. 8. Bob served NACDS honorably, energetically and successfully from 1962 to 1987, and was elected as NACDS’ first president and chief executive officer in 1967. Subsequently, he served as a member of the NACDS Honorary Board.
NACDS remembers Bob as a committed family man, as the consummate trade association leader and as an effective advocate for the members whom NACDS represents. It is an appropriate reflection of Bob’s life first to offer condolences and warm remembrances to his wife, Helen, to their six children and their children’s spouses, and eight grandchildren.
Bob’s leadership forged both the philosophical identity and physical home of NACDS. He understood, and sought to address, the needs of a diverse membership in an evolving business and public policy environment. He led the initiative to secure the land and construct NACDS’ current headquarters offices in Alexandria, Va. Indeed, we owe much of who we are to Bob Bolger.
Prior to joining NACDS, Bob worked with front-end and pharmaceutical suppliers, Kraft Foods Company and Smith Kline & French Laboratories. His keen recognition of the importance of bringing chains and suppliers together manifested itself, among other ways, in the creation of the NACDS Marketplace Conference. He also appreciated the changing composition and needs of regional and national chain members, as well as the increasing implications to the membership of government programs. He saw the changes, foresaw their implications, and knew how to work with other leaders through the Association to address them.
Bob contributed valuably to the association community beyond NACDS, serving in leadership positions in several pharmacy, retail and business associations, including the U.S. Chamber of Commerce. He is remembered by the NACDS staff as a leader who inspired excellence in association management, and who equipped his team with the professional development and resources necessary to do their jobs and advance their careers. To remember the vibrant life of Bob Bolger, and on behalf of his family, we invite you to participate as you are able in the following arrangements:
Visitation Wednesday, October 10, 6:00 p.m. to 8:00 p.m. Demaine Funeral Home 520 S. Washington Street, Alexandria, Virginia
Mass of Christian Burial
Thursday, October 11, at 10:30 a.m. St. Mary’s Catholic Church 310 S. Royal Street, Alexandria, Virginia Interment will follow at St. Mary’s Cemetery
Memorial Contributions and Expressions of Sympathy In lieu of flowers, contributions may be made in Bob’s name to: Office of University Development Villanova University
800 Lancaster Avenue Villanova, PA 19085
Alternatively, contributions may be made in Bob’s name to: LaSalle College High School 8605 Cheltenham Avenue Wyndmoor, PA19038
Finally, expressions of sympathy can be sent to Helen and the family at: Helen Bolger 7705 Maid Marian Court Alexandria, VA 22306
Please join all of us in remembering fondly and appreciating fully the legacy of Bob Bolger.
Wyeth Prempro breast cancer suit in deliberations
RENO, Nev. A civil lawsuit involving three northern Nevada women and Wyeth has gone to deliberation after four weeks of testimony, according to the Reno Gazette-Journal.
The women claim that the manufacturer decided to market two hormone replacement drugs: Premarin and Prempro, without properly testing the drugs. The women all have breast cancer and blame the company for launching the drugs, even though they knew of the risks involved in taking the medication.
The company said that they followed the rules set by the Food and Drug Administration’s directive and created a label for the drugs that detailed risks associated with taking the medication. It also stands by the drugs stating that, “To this day, [the drugs] are the most effective available for menopausal symptoms,” according to Wyeth lawyer Heidi Hubbard.
The women are seeking damages that could be potentially worth millions of dollars.