How much did Diplomat Pharmacy sell for?

How much did Diplomat Pharmacy sell for?

UnitedHealth Group will acquire Diplomat, a specialty pharmacy and infusion services provider, the healthcare giant announced Monday. UnitedHealth said it will pay $4 per share, or about $300 million, to acquire Diplomat and fold it into OptumRx, Optum’s pharmacy services division.

Why did the Diplomat Pharmacy fail?

Diplomat showed a tendency to struggle or take too long to adapt to changes and trends within the specialty pharmacy industry. These include developments concerning reimbursement, valuations, and cost of goods.

Who started Diplomat Pharmacy?

Dale Hagerman Philip Hagerman
In October 2014, Diplomat Pharmacy launched an initial public offering (IPO) on the New York Stock Exchange after raising $173 million….Diplomat Pharmacy.

Is Diplomat Pharmacy still in business?

UnitedHealth Group is acquiring Diplomat, a struggling specialty pharmacy and infusion services provider, for roughly $300 million. Diplomat will be folded into Optum, UnitedHealth’s health services arm and a reliable cash cow for the Minnetonka, Minnesota-based healthcare behemoth.

What happened Diplomat Pharmacy?

A major Flint-based company has been bought by a Minnesota company. UnitedHealth Group’s OptumRx pharmacy care services unit announced Monday that it is acquiring Diplomat Pharmacy Inc. for $300 million. Diplomat is the largest independent provider of specialty pharmacy services in the United States.

Is diplomat owned by Optum?

UnitedHealth Group’s Optum group is acquiring Diplomat Pharmacy in a $300 million deal. Diplomat, a provider of specialty pharmacy and infusion services, had been struggling to compete with larger pharmacy benefits companies and saw its stock value drop 57% in 2019.

What happened to Diplomat Pharmacy stock?

What happened. Shares of Diplomat Pharmacy (DPLO) were down 32% at 11:44 a.m. EST today after the company announced that it’s being acquired by OptumRx, UnitedHealth Group’s (UNH -1.35%) pharmacy-care services division. You read that right: The company is being acquired, and shares went down.

What is a specialty area of pharmacy?

Specialty pharmacy focuses on high cost, high touch medication therapy for patients with complex disease states. Medications in specialty pharmacy range from oral to cutting edge injectable and biologic products.

Did optum buy diplomat?

Who did OptumRx merge with?

UHG formed Optum by merging its existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx.

What are the 8 specialty areas of pharmacy?

Currently, the Board of Pharmacy Specialties (BPS) recognizes eight specialty areas of pharmacy:

• Ambulatory Care.
• Critical Care Pharmacy.
• Nuclear Pharmacy.
• Nutrition Support Pharmacy.
• Oncology Pharmacy.
• Pediatric Pharmacy.
• Pharmacotherapy.
• Psychiatric Pharmacy.