Business & Finance
Arcadia Resources completes $10 million equity funding
Published in Health Insurance Week, February 4th, 2007
The investment was made by one of the largest mutual fund families in the United States of America. The Shemano Group, an investment bank headquartered in San Francisco, acted as placement agent.
"We are very pleased to have these particular funds as new shareholders in Arcadia," said Chairman and CEO John E. Elliott II. "This capital facilitates our current business plan to open walk-in, routine (non-emergency) medical clinics contracted for development within host sites. Recently, we opened three clinics in Nevada, one in Indiana and three in Michigan. We...
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