Arcadia Resources Extends DailyMed Agreement for Three Years With WellPoint State Sponsored Business

INDIANAPOLIS, Aug. 9 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider of innovative consumer health care services under the Arcadia HealthCare(SM) brand, today announced the execution of a new three-year agreement to offer the DailyMed™ pharmacy medication management program to high-risk Medicaid members in select states where WellPoint companies provide Medicaid managed care benefits.

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DailyMed is currently offered or administered by WellPoint affiliated health plans in Virginia, California and South Carolina and will be launched in Kansas later this year.  WellPoint's State Sponsored Business Division serves nearly 1.8 million members in 10 states who are enrolled in Medicaid, State Children's Health Insurance Programs, and other state sponsored health care programs.  Financial terms of the agreement were not disclosed.

"The new agreement extends the already successful relationship between our two companies and highlights the mutual commitment we are making by offering DailyMed to those members who require multiple chronic medications," said Marvin R. Richardson, President and Chief Executive Officer of Arcadia HealthCare.  "Our partnership is strong and we are both committed to work together to serve members who will benefit from the convenience, improved health and piece-of-mind that DailyMed offers."

DailyMed Pharmacy (www.DailyMedRx.com) is Arcadia's proprietary medication adherence program that dispenses a monthly cycle of a patient's prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date and time the medications should be taken. In the dispensing process, a DailyMed pharmacist reviews each patient's medication profile and utilizes state-of-the-art medication therapy management tools to improve the safety and efficacy of the medications being dispensed. A DailyMed pharmacist provides routine communication with the patient, the primary care physician, caregivers and payers to maximize the pharmaceutical care administered. The DailyMed program improves patient care and drug utilization while reducing drug and hospitalization costs for private and government payers.

"We first launched DailyMed with the mutual goal of helping our members better manage their healthcare," said Kevin Hayden, President of WellPoint State Sponsored Business.  "Now one year later, we are extending our agreement with Arcadia as DailyMed has become an integral part of our programs, which are designed to identify members with specific medical conditions and ensure that they are taking the right medications at the right time all under the supervision of a licensed pharmacist who has access to and understands each member's individual prescription regime."

About Arcadia HealthCare(SM)

Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex: KAD), and is a leading provider of home care, medical staffing and pharmacy services under its proprietary DailyMed program.  The Company, headquartered in Indianapolis, Indiana, has 70 locations in 18 states. Arcadia HealthCare's comprehensive solutions and business strategies support the Company's vision of "Keeping People at Home and Healthier Longer."

Forward-Looking Statements

This press release may contain statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company, Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission.

SOURCE Arcadia Resources, Inc.