Arcadia Announces First Quarter Results
INDIANAPOLIS--Arcadia Resources reported net revenues of $37.4 million for the quarter ended June 30, 2008, down slightly from net revenues of $38.0 million for the same period a year ago. Sales in the company's HME segment, which includes home health equipment, Internet home health product sales and DME, increased to $5.5 million in the quarter versus $5.3 million for the same period a year ago.

In 2007, Arcadia--which had made more than 20 DME acquisitions and opened stores inside Sears and Wal-Mart--sold most of its DME locations and restructured operations. The company currently has 92 locations in 22 states providing home health care/medical staffing, DME and specialty pharmacy services including its DailyMed program, which organizes a patient's meds into pre-sorted packets marked with the date and time they should be taken.

Cardinal Considers Spin Off of Medical Products Biz
DUBLIN, Ohio--Cardinal Health reported an increase in fiscal 2008 revenue of 5 percent to $91 billion, and a fourth quarter increase of 3 percent to $23 billion. As forecasted, the company said its medical supply chain segment improved profit in the second half of the year, driven by double-digit growth in its core U.S. medical distribution business. Cardinal also said it is considering a spin-off of its clinical and medical product units into a publicly traded firm, and plans to announce its decision within 60 to 90 days.

Pride Attendees Gain CEUs, Get Look at Manufacturing, R&D
EXETER, Pa.--Last month, more than 160 providers attended a two-day seminar during a stop in Wilkes-Barre, Pa., part of Pride Mobility Products' 28-city national Seminar Tour. The July 15-16 seminar offered seven CEU courses, including “Advanced Wheelchair Electronics,” “Medicare Funding for PMD,” “RESNA Credentialing Preparation” and “Wheelchair Seating and Positioning,” among others. Attendees also got the opportunity to view the company's Duryea manufacturing facility as well as Pride's research and development and product testing departments.

“Pride stands behind our commitment to the end-user by investing in this Seminar Tour, the most comprehensive in the industry, as a means of enabling providers across the country to easily access the educational courses needed to maintain their RESNA-required certifications, and, equally important, knowledgeably recommend the most suitable products to accommodate the end-users' mobility and pressure-management needs,” Ted Raquet, the company's vice president of domestic sales, said in a release.


The seminar also included an update on competitive bidding by Seth Johnson, vice president of government affairs, and an address by Bryan Anderson, a decorated Iraq war veteran and Quantum Rehab spokesperson. Additional stops on Pride's Seminar Tour during 2008 include Greensboro, N.C., Sept. 18; Nashville, Tenn., Sept. 23; and, Atlanta, Oct. 24.

Record Results at ResMed
POWAY, Calif.--ResMed announced revenue for the quarter ended June 30, 2008, was a record $235.2 million, a 23 percent increase over the quarter ended June 30, 2007, despite a $3.1 million charge related to a an April 2007 voluntary recall of a previous series of S8 flow generators. For the year ended June 30, revenue was a record $835.4 million, an increase of 17 percent over $716.3 million for the previous year.

"Our industry received positive signals that it is poised for continued growth,” Kieran T. Gallahue, CEO, said in a statement. “Home sleep testing took another step forward as both national and local Medicare rulings were released and private insurers, such as the country's largest insurer, Anthem, issued updated coverage policies. Medicare competitive bidding implementation was delayed 18-24 months, a positive signal for the home medical equipment industry. Lastly, the International Diabetes Federation published an important consensus statement on sleep apnea and diabetes. The diabetes community now has an official recommendation to screen all type 2 diabetes patients suspected of sleep apnea. ResMed is well positioned to deliver strong growth in fiscal year 2009."

Roho Launches eLearning
BELLEVILLE, Ill.--The Roho Group has launched its Roho Institute for Continuing Education and Research eLearning program, which offers CEUs online. Previously, the Institute offered traditional on-site CEU programs only. “With the addition of online CEU programs, we now can offer a wider range of courses and immediate service for our clients,” Institute Director Darren Hammond said in a release. “Clients will no longer have to wait for a program to come to their area; they can complete their continuing education requirements on their time, even in their pajamas if they like.”