Article: Companies in the News.

Companies in the News

Addus buys Arcadia from IHS

Addus HealthCare (Palatine, IL) bought Arcadia Services (Detroit), a home nursing provider, from Integrated Health Services (Owings Mills, MD). Terms of the April transaction were not disclosed. Arcadia posted revenue in FY98 of about $60 million. The acquisition positions Addus to go public when market conditions turn more favorable for home healthcare, Addus CEO Andrew Wright told Crains Detroit Business.

Allied signs agreement with Premier

Allied Healthcare Products (St. Louis) has signed a dual source agreement to offer medical gas construction products to members of Premier Inc. ...

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