News & Events

« Back to News & Events

Diplomat Specialty Pharmacy Receives Economic Bright Spot Award from CORP! Magazine

08 June 10

Swartz Creek, Mich. – Diplomat Specialty Pharmacy, the nation’s largest privately-held specialty pharmacy servicing the needs of patients and physicians nationwide, was a recipient of an Economic Bright Spot Award from CORP! Magazine, a state-wide publication focused on Michigan-based business. 77 corporate honorees throughout the state were spotlighted for flourishing in Michigan despite transformative change and economic upheaval. The awards were presented today at the Michigan State Management Center in Troy. Corp! Magazine also recognized the Economic Bright Spot winners in its May/June 2010 print issue.

The Economic Bright Spot award follows the April 2010 announcement by Diplomat that it had received a Michigan Economic Growth Authority (MEGA) tax credit from the state of Michigan for $61.5 million, $14 million in Career Alliance, Inc. workforce training funds, and additional incentives from the City of Flint that will allow the company to focus its immediate expansion efforts in Flint at the Great Lakes Technology Centre. As part of the expansion, the Company plans to hire 1000 new employees, mainly in Michigan, over the next five years.

Specialty pharmacy refers to a branch of the pharmaceutical delivery system that focuses on comprehensive and coordinated systems of pharmacological care for patients with serious and chronic illnesses and complex medical conditions. Diplomat offers its services through contracts with prescription benefit managers and health plans, and through direct relationships with physicians and patients. The Company also provides services to large retail pharmacies not equipped to handle the specialty pharmacy needs of patients requiring highly specialized drugs.

About Diplomat Specialty Pharmacy
Michigan-based Diplomat Specialty Pharmacy, founded in 1975, is the nation’s largest privately held Specialty Pharmacy and focuses on complete medication management programs for patients with serious and chronic conditions. Key programs include: Oncology, HIV/AIDS, Hepatitis C, Multiple Sclerosis, Rheumatoid Arthritis, Crohn’s, Hemophilia, Growth Hormone and Psoriasis. Other specialty areas include Transplant, Fertility, Dialysis Medication Management, Bio-Identical Hormone Therapy and Specialty Compounding. The company also specializes in disease management programs for chronic kidney disease patients. Locations are in Flint, Swartz Creek and Grand Rapids, Michigan, as well as Cleveland, Chicago, Ft. Lauderdale and Los Angeles.