Diplomat Pharmacy

Diplomat distributes many medications in CarePak adherence packaging, specially designed to improve patient adherence.{{cite web|last1=Wild|first1=David|title=Care Teams Are Hallmark of Ibrutinib Distribution|url=http://www.spcontinuum.com/viewarticle.aspx?d=Policy&d_id=498&i=February+2014&i_id=1038&a_id=25973|website=Specialty Pharmacy Continuum|accessdate=4 December 2015}} Diplomat also serves as the specialty pharmacy for many retail pharmacies, hospitals and health systems throughout the United States.{{Cite web|title = 2015 Hub Services Report|url = http://pharmaceuticalcommerce.com/special_report?articleid=27495|website = pharmaceuticalcommerce.com|accessdate = 2015-12-10}}

For hemophilia and other blood disorder patients, they offer in-home and outpatient specialty infusion services.{{Cite web|title = Diplomat bulks up in infusion services|url = http://www.chaindrugreview.com/diplomat-bulks-up-in-infusion-services/|website = Chain Drug Review| date=16 March 2015 |accessdate = 2015-12-03|language = en-US}}

Diplomat is accredited by third-party agencies including URAC, the American Society of Health-System Pharmacists, Accreditation Commission for Health Care, Health Information Trust Alliance, and the Center for Pharmacy Practice Accreditation. The company also holds Verified-Accredited Wholesale Distributors and Verified Internet Pharmacy Practice Sites accreditations from the National Association of Boards of Pharmacy.{{Cite web|url=https://www.specialtypharmacytimes.com/publications/specialty-pharmacy-times/2015/february-2015/diplomat-sets-the-standard-for-independent-specialty-pharmacies|title=Diplomat Sets the Standard for Independent Specialty Pharmacies|website=Specialty Pharmacy Times|access-date=2018-05-16}}

Dale Hagerman and his son Philip Hagerman cofounded Diplomat Pharmacy in 1975 in Flint, Michigan. In 1991, Philip Hagerman became chairman and CEO.{{Cite web|last=Morrell|first=Alex|title=Who Got Rich This Week: CEOs Of A Specialty Pharmacy Chain and A Networking Devices Company|url=https://www.forbes.com/sites/alexmorrell/2014/10/25/who-got-rich-this-week-ceos-of-a-specialty-pharmacy-chain-and-a-networking-devices-company/|access-date=2020-06-30|website=Forbes|language=en}} In December 2010, Diplomat moved its headquarters back to a distribution facility in Flint from Swartz Creek, Michigan.{{Cite web|last=Nagl|first=Kurt|date=2019-12-09|title=UnitedHealth to acquire Flint-based Diplomat Pharmacy in $300 million deal|url=https://www.crainsdetroit.com/health-care/unitedhealth-acquire-flint-based-diplomat-pharmacy-300-million-deal|url-status=live|archive-url=https://web.archive.org/web/20191209224847/https://www.crainsdetroit.com/health-care/unitedhealth-acquire-flint-based-diplomat-pharmacy-300-million-deal |archive-date=2019-12-09 |access-date=2020-06-29|website=Crain's Detroit Business|language=en}}

In 2014, Diplomat ranked 69th on the Inner City 100 list of the fastest growing companies based in inner cities. In July 2014, Diplomat acquired MedPro Rx, a specialty pharmacy based in North Carolina.{{cite web|last1=Johnsen|first1=Michael|title=Diplomat Acquires MedPro RX|url=http://www.drugstorenews.com/article/diplomat-acquires-medpro-rx|website=Drug Store News|accessdate=2 December 2015}} In October 2014, Diplomat went public, after raising $173 million for its IPO.

In February 2015, Diplomat acquired BioRx, a specialty pharmacy in Cincinnati, Ohio for $315 million.{{Cite web|title = Flint's Diplomat Pharmacy to buy competitor BioRx|url = http://www.detroitnews.com/story/business/2015/02/27/diplomat-pharmacy-buying-biorx/24147899/|website = Detroit News|accessdate = 2015-12-10}} In June 2015, Diplomat acquired Philadelphia-based Burman’s Specialty Pharmacy for $73 million.{{cite web|last1=Roberts|first1=Adrienne|title=Flint-based Diplomat Pharmacy Acquires Specialty Pharmacy for $73M|url=http://www.dbusiness.com/daily-news/Annual-2015/Flint-based-Diplomat-Pharmacy-Acquires-Specialty-Pharmacy-for-73M/|website=DBusinees|date=22 June 2015 |accessdate=2 December 2015}}

In June 2016, Diplomat acquired Valley Campus Pharmacy Inc., doing business as TNH Advanced Specialty Pharmacy, a specialty pharmacy focusing on oncology, hepatitis, and immunology.{{Cite news|url=https://seekingalpha.com/news/3177404-diplomat-buys-ca-based-specialty-pharmacy|title=Diplomat buys CA-based specialty pharmacy|last=House|first=SA Editor Douglas W.|date=2016-04-28|work=Seeking Alpha|access-date=2018-05-16|language=en-US}} In December 2016, Diplomat combined several subsidiary companies under one name—Diplomat Specialty Infusion Group.{{Cite news|url=https://www.drugstorenews.com/article/diplomat-unifies-infusion-companies-under-new-diplomat-specialty-infusion-group/|title=Diplomat unifies infusion companies under new Diplomat Specialty Infusion Group - Drug Store News|date=2016-12-07|work=Drug Store News|access-date=2018-05-16|language=en-US}}

In February 2017, Diplomat acquired Affinity Biotech Inc., a specialty pharmacy and infusion services company in Houston, Texas.{{Cite news|url=https://www.drugstorenews.com/article/diplomat-acquires-houston-based-affinity-biotech/|title=Diplomat acquires Houston-based Affinity Biotech - Drug Store News|date=2017-02-02|work=Drug Store News|access-date=2018-05-22|language=en-US}} In March 2017, Diplomat acquired Comfort Infusion, a company specializing in globulin therapy, based in Birmingham, Alabama.{{Cite web|title=FIFTH AMENDMENT TO PRIME VENDOR AGREEMENT|url=https://sec.report/Document/1610092/000110465917066351/a17-20610_1ex10d4.htm|url-status=live|access-date=2020-07-14|website=sec.report|archive-url=https://web.archive.org/web/20200714074534/https://sec.report/Document/1610092/000110465917066351/a17-20610_1ex10d4.htm |archive-date=2020-07-14 }} Comfort Infusion became part of the Diplomat Specialty Infusion Group.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1610092/000110465917031146/a17-8865_110q.htm|title=Diplomat Pharmacy Inc. 10-Q for the quarterly period ended March 31, 2017.|website=Security Exchange Commission|archive-url=https://web.archive.org/web/20180130204859/https://www.sec.gov/Archives/edgar/data/1610092/000110465917031146/a17-8865_110q.htm|archive-date=2018-01-30|url-status=bot: unknown|access-date=2018-01-30}} In May 2017, Diplomat acquired WRB Communications Inc., a provider of relationship management programs for pharmaceutical manufacturers and healthcare service organizations.{{Cite news|url=http://www.chaindrugreview.com/diplomat-acquires-wrb-communications/|title=Diplomat acquires WRB Communications - CDR – Chain Drug Review|date=2017-05-09|work=CDR – Chain Drug Review|access-date=2018-05-22|language=en-US}} In September 2017, Diplomat acquired Focus Rx Pharmacy Services Inc., a provider of home infusion and specialty prescription management services.{{Cite web|last=Salazar|first=David|date=12 September 2017|title=Diplomat acquires Focus Rx|url=https://drugstorenews.com/pharmacy/diplomat-acquires-focus-rx|url-status=live|archive-url=https://web.archive.org/web/20190904213409/https://www.drugstorenews.com/pharmacy/diplomat-acquires-focus-rx/ |archive-date=2019-09-04 |access-date=2020-06-29|website=Drug Store News|language=en}} In October 2017, Diplomat acquired 8th Day Software and Consulting LLC, based in Tennessee.{{Cite web|last=Salazar|first=David|date=3 October 2017|title=Diplomat acquires 8th Day Software, names founder CIO|url=https://drugstorenews.com/pharmacy/diplomat-acquires-th-day-software-names-founder-cio|url-status=live|archive-url=https://web.archive.org/web/20200629230122/https://drugstorenews.com/pharmacy/diplomat-acquires-th-day-software-names-founder-cio |archive-date=2020-06-29 |access-date=2020-06-29|website=Drug Store News|language=en}}

On October 9, 2017, co-founder Dale Hagerman died at the age of 90.[http://www.mlive.com/news/flint/index.ssf/2017/10/diplomat_pharmacy_co-founder_d.html Diplomat Pharmacy co-founder dead at 90] The Flint Journal via MLive.com, October 9, 2017 In November 2017, Diplomat acquired Pharmaceutical Technologies Inc., doing business as National Pharmaceutical Services (NPS). NPS is a pharmacy benefit manager based in Omaha, Nebraska.{{Cite news|url=http://www.dbusiness.com/daily-news/Annual-2017/Diplomat-Pharmacy-in-Flint-to-Acquire-National-Pharmaceutical-Services/|title=Diplomat Pharmacy in Flint to Acquire National Pharmaceutical Services|access-date=2018-05-16|language=en}} In December 2017, Diplomat acquired Leehar Distributors LLC, doing business as LDI Integrated Pharmacy Services, from Nautic Partners LLC, Oak HC/FT Partners LLC, and management. LDI is a full-service pharmacy benefit manager based in St. Louis, Missouri.{{Cite news|url=https://www.chaindrugreview.com/diplomat-pharmacy-buys-ldi-for-595-million/|title=Diplomat Pharmacy buys LDI for $595 million - CDR – Chain Drug Review|date=2017-11-16|work=CDR – Chain Drug Review|access-date=2018-05-16|language=en-US}}

On January 5, 2018, Phil Hagerman announced his retirement and Jeff Park was appointed interim CEO.{{Cite news|url=http://www.mlive.com/news/flint/index.ssf/2018/01/diplomat_pharmacy_founder_ceo.html|title=Diplomat Pharmacy founder, CEO Phil Hagerman retires after 43 years|work=MLive.com|access-date=2018-05-16|language=en-US}} In April 2018, Diplomat introduced CastiaRx, a combination of acquired pharmacy benefit managers LDI and NPS. In May 2018, Diplomat announced Brian Griffin as its new CEO and chairman of the board of directors, effective June 4, 2018. Griffin was hired from Anthem, Inc., where he served as CEO of in-house pharmacy benefit manager IngenioRx.{{Cite news|url=http://www.crainsdetroit.com/article/20180511/news/660411/diplomat-pharmacy-appoints-new-ceo-to-replace-retired-co-founder|title=Diplomat Pharmacy appoints new CEO to replace retired co-founder|date=2018-05-11|work=Crain's Detroit Business|access-date=2018-05-16}}

In December 2019, it was announced that Diplomat was being acquired by OptumRX, a subsidiary of UnitedHealth Group, for $300 million.{{Cite news|date=2019-12-09|title=Diplomat Pharmacy agrees to $300 million buyout by UnitedHealth|language=en|work=Reuters|url=https://www.reuters.com/article/us-diplomat-m-a-unitedhealth-idUSKBN1YD12R|access-date=2020-06-29}}

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Category:Pharmacies of the United States

Category:Specialty drugs

Category:Health care companies based in Michigan

Category:Health care companies established in 1975

Category:1975 establishments in Michigan

Category:Companies based in Flint, Michigan