Indianapolis Mayor Greg Ballard, Indiana Gov. Mitch Daniels and executives from Arcadia HealthCare recently revealed Arcadia HealthCare’s plans to create up to 930 jobs by 2013 through the expansion of its national headquarters and pharmacy operations in Indianapolis.
In addition to creating new jobs, the provider of home health care and pharmacy services will invest $3.9 million to expand corporate operations and centralize pharmacy fulfillment functions to the company’s headquarters on the city’s north side.
“Arcadia’s success in the fast-growing industries of health care, life sciences and pharmacies will bring new jobs and capital investment to Indianapolis – vital components of our economy – and we thank them for choosing to do business in Indianapolis,” said Ballard.
Arcadia will continue hiring corporate staff for its headquarters as well as managers, pharmacists, pharmacy technicians, account managers and sales personnel for its pharmacy business as it prepares to expand services for clients including Indiana-based WellPoint and Health Alliance Medical Plans Inc. Currently, the company employs approximately 500 individuals throughout the state.
“In less than three years after we first welcomed Arcadia to Indiana from Michigan, they are expanding their commitment to our state by consolidating more work here,” said Daniels. “We’ve always known Indiana to be a leader in health care and life sciences, but with recent growth from Medco, Express Scripts and now Arcadia’s DailyMed Pharmacy, we are home to some of the top pharmacies in the world.”
Arcadia recently reported its sixth consecutive quarter of sequential revenue growth with its DailyMed Pharmacy, the company’s proprietary medication compliance and adherence program that includes a drug packaging system that puts patients’ multiple prescription and over-the-counter medicines and vitamins into single-dose packs based on the time and date the drug should be administered. The program is complemented by a medication therapy management program administered by pharmacists and trained staff and is offered throughout the United States.
“Indiana continues to be a terrific building block for our company,” said Marvin R. Richardson, president and chief executive officer of Arcadia. “By establishing a pro-business partnership with the state and local governments, higher education and community leaders, we have been able to expand our business, recruit in-state talent and set the foundation for greater national expansion. We are thrilled with the traction on the DailyMed Pharmacy front, and anticipate even greater opportunities in the coming years.”
The Indiana Economic Development Corporation offered Arcadia up to $13.5 million in performance-based tax credits based on the company’s job creation plans. The city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.
Arcadia’s expansion comes just under three years after the company relocated its headquarters from Southfield, Mich. to Indianapolis.