MADISON, Wis. — Restore Health announced this month it has entered into an agreement to acquire the compounding pharmacy assets of Diplomat Pharmacy Inc.
Financial terms of the agreement weren’t disclosed. Restore Health said the deal bolsters its compounding pharmacy and personalized medicine business and enables Diplomat to sharpen its focus on its core specialty pharmacy operations.
The compounding pharmacy services of Flint, Mich.-based Diplomat include the preparation of personalized medications for patients and compounding pharmacists who work with prescribers to customize a medication to meet a patient’s specific health needs.
“Restore Health’s dedication to providing personalized medicine echoes our strong commitment to patient care,” said Diplomat chairman and chief executive officer Phil Hagerman. “A seamless transition for our patients and our partners is of utmost importance, and we believe Restore Health’s comprehensive service solution will fully safeguard this change.”