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Phil Hagerman

Diplomat CEO Phil Hagerman to retire

Diplomat CEO Phil Hagerman to retire

FLINT, Mich. — Phil Hagerman, co-founder, chairman and chief executive officer of Diplomat Pharmacy Inc., the nation’s largest independent specialty pharmacy, plans to retire. Diplomat said Friday that board member Jeff Park has been named interim CEO, and independent lead director Ben Wolin has been appointed chairman. Both moves are effective immediately. Diplomat’s board has launched

Diplomat Pharmacy buys LDI for $595 million

Diplomat Pharmacy buys LDI for $595 million

FLINT, Mich. — Diplomat Pharmacy Inc. plans to acquire St. Louis-based pharmacy benefit manager LDI Integrated Pharmacy Services for in a $595 million cash and stock deal. The move marks the second PBM acquisition this month by Diplomat, the nation’s largest independent specialty pharmacy. On Nov. 6, the company announced the purchase of National Pharmacy

Diplomat acquires 8th Day Software

Diplomat acquires 8th Day Software

FLINT, Mich. — Diplomat Pharmacy Inc. has acquired 8th Day Software and Consulting LLC, appointing its founder and chief executive officer Dave Loschinskey as Diplomat chief information officer. Financial terms of the transaction weren’t disclosed. Plans call for 8th Day Software, based in Cordova, Tenn., to operate under Diplomat subsidiary Envoy Health Management LLC. The specialty

Saban to succeed Urick as Diplomat president

FLINT, Mich. — Diplomat Pharmacy recently announced the appointment of Joel Saban as the new company president. Paul Urick has decided to pursue other interests and will serve as president emeritus during a planned 90-day transition period. “During his tenure, Paul has served us in multiple leadership roles since he joined Diplomat with the acquisition

Joel Saban tabbed as Diplomat Pharmacy president

Joel Saban tabbed as Diplomat Pharmacy president

FLINT, Mich. — Diplomat Pharmacy Inc. has named Joel Saban as president, taking over from Paul Urick, who’s leaving the company to pursue other interests. The nation’s largest independent specialty pharmacy said late Monday that Urick will serve as president emeritus during a 90-day transition period. Saban had served as executive vice president of pharmacy

Diplomat acquires WRB Communications

Diplomat acquires WRB Communications

FLINT, Mich. — Diplomat Pharmacy Inc. has acquired WRB Communications Inc., a Chantilly, Va.-based operator of health care contact centers, in a $29 million deal. Under the agreement, announced late Monday, Diplomat is paying WRB $24.5 million in cash and $4.5 million in common stock. Plans call for WRB to join Diplomat’s Envoy Health Management

Kavthekar named Diplomat Pharmacy CFO

FLINT, Mich. — Starting May 1, one of the leading independent specialty pharmacies will have a new chief financial officer. Diplomat Pharmacy recently announced the appointment of Atul Kavthekar as CFO and treasurer. Kavthekar, according to Diplomat, has demonstrated financial and strategic leadership in his previous roles in the technology, health care and investment banking

Diplomat names former Walgreens, Sears exec as CFO

Diplomat names former Walgreens, Sears exec as CFO

FLINT, Mich. — Former Walgreens and Sears Holdings Corp. executive Atul Kavthekar has joined Diplomat Pharmacy Inc. as chief financial officer and treasurer. Diplomat said Tuesday that Kavthekar, most recently CFO of e-commerce retailer LivingSocial Inc., will start in the role on May 1. As Diplomat CFO, Kavthekar will lead financial operations and investor relations,

Diplomat launches Specialty Infusion Group brand

Diplomat launches Specialty Infusion Group brand

FLINT, Mich — Diplomat Pharmacy Inc. is uniting five subsidiaries under a new brand umbrella called Diplomat Specialty Infusion Group. The nation’s largest independent specialty pharmacy said the business units — American Homecare Federation, At-Home IV Infusion Professional, BioRx, MedPro Rx and XAS Infusion Suites — will continue to focus on their key areas of

Urick becomes Diplomat president

FLINT, Mich. — Paul Urick has been promoted to president of Diplomat Pharmacy Inc. Urick, who had been senior vice president of industry relations, pharmaceutical account management and payor strategy, succeeds Gary Kadlec, who will retire on December 31. Kadlec will serve out his term on the specialty pharmacy company’s board of directors. “As part

Diplomat closes TNH specialty pharmacy acquisition

Diplomat closes TNH specialty pharmacy acquisition

FLINT, Mich. — Diplomat Pharmacy Inc. has wrapped up its $75 million acquisition of TNH Advanced Specialty Pharmacy. Van Nuys, Calif.-based TNH provides specialty medications and support for such disease states as oncology, Crohn’s disease, cystic fibrosis, hepatitis, HIV/AIDS, multiple sclerosis, psoriasis and rheumatoid arthritis, as well as infusion therapy and pharmacy services for transplant

Diplomat divesting compounding unit

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

Diplomat sells compounding pharmacy operation

Diplomat sells compounding pharmacy operation

MADISON, Wis. — Personalized medicine solution provider Restore Health plans to acquire the compounding pharmacy assets of Diplomat Pharmacy Inc. Financial terms of the agreement weren’t disclosed. Restore Health said Thursday that the deal bolsters its compounding pharmacy and personalized medicine business and enables Diplomat to sharpen its focus on its core specialty pharmacy operations.