Focus Rx is expected to generate approximately $47 million in revenue and $3 million in adjusted EBITDA for the full year 2017. Harbor Healthcare Consultants, a boutique investment banking firm, assisted Focus Rx as their exclusive advisor.Forward-Looking Statements This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance. The forward-looking statements contained in this press release are based on management's good-faith belief and reasonable judgment based on current information. These risks and uncertainties include: delays or difficulties in integrating the combined businesses; general economic conditions in the regions and industries in which the parties operate; and the ability to achieve cost savings and operating synergies and the timing thereof. These statements are qualified by important risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those forecasted or indicated by such forward-looking statements. For a discussion of such risks and uncertainties, you should review Diplomat's filings with the Securities and Exchange Commission, including "Risk Factors" in Diplomat's Annual Report on Form 10-K for the year ended Dec. 31, 2016, and in subsequent reports filed with or furnished to the Securities and Exchange Commission. Except as may be required by any applicable laws, Diplomat assumes no obligation to publicly update such forward-looking statements, which are made as of the date hereof or the earlier date specified herein, whether as a result of new information, future developments or otherwise.
About DiplomatDiplomat (NYSE: DPLO) is the nation's largest independent provider of specialty pharmacy services—helping patients and providers in all 50 states. The company offers medication management programs for people with complex chronic diseases and delivers unique solutions for manufacturers, hospitals, payors, providers, and more. Diplomat opened its doors in 1975 as a neighborhood pharmacy with one essential tenet: "Take good care of patients and the rest falls into place." Today, that tradition continues—always focused on improving patient care and clinical adherence. For more information, visit diplomat.is. About Focus Rx Focus Rx is a health care partner that provides home infusion and specialty prescription management services. The company partners with hospitals, specialty practices, and clinics to deliver comprehensive and personalized services. Focus Rx improves patient outcomes, as well as its partners' clinical, operational, and financial well-being. For more information, visit myfocusrx.com. CONTACT: Bob East, Westwicke Partners443.213.0500 | firstname.lastname@example.org
Jenny Cretu, Diplomat Pharmacy Inc.810.768.9370 | email@example.comView original content with multimedia: http://www.prnewswire.com/news-releases/diplomat-acquires-focus-rx-300517402.html SOURCE Diplomat Pharmacy, Inc.