Diplomat Specialty Pharmacy Honored by Inc. Magazine as One of the Nation's Fastest-Growing Companies

SWARTZ CREEK, Mich., Sept. 9 /PRNewswire/ -- Diplomat Specialty Pharmacy announced today they have earned a position of 554 on Inc. Magazine's exclusive, annual ranking of the fastest-growing private companies in America.

"We're proud to be recognized by Inc. again this year, earning a position of 554 in the nation, but if you dig a little deeper into Inc.'s numbers, the details are even more remarkable," stated Phil Hagerman, President and CEO of Diplomat. The details Hagerman refers to are:

• Of the Top 100 companies nationally, Diplomat ranked #32 in Gross Dollars of Growth
• Of the Top 100 companies in the Health Care category, Diplomat ranked #36 in Overall Growth
• The list is ranked by percentage of growth over 3 years. Diplomat's growth is at 554% over the past 3 years.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

"At Diplomat, we're pleased to make Inc.'s Top 5000 list. This achievement recognizes the commitment and dedication of our team. Our staff is truly dedicated to patient care and that translates into growth," said Hagerman. "We've invested a great deal into our systems and leadership team and we're seeing the fruits of our labors."

Hagerman was recently named Ernst & Young Entrepreneur of the Year for the Michigan and Northwest Ohio Region. Recognized globally, the Ernst & Young Entrepreneur of the Year is the world's most prestigious business award for entrepreneurs, and honors outstanding entrepreneurs who inspire others with their vision, leadership and achievement. As the Michigan/Northwest Ohio winner in the Retail and Services category, Mr. Hagerman is now a candidate for the National Entrepreneur of the Year award, which will be announced at the annual Ernst & Young awards event in November 2010 in Palm Springs.

About The Inc. 500/5000

This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

In total, the companies on the Inc. 5000 have created 1.4 million jobs. The Health sector is the top employer with 287,726 jobs, followed by Business Products & Services (230,066), Food & Beverage (108,344), Human Resources (107,924), and Retail (96,858).

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. With locations in Flint, Swartz Creek and Grand Rapids, MI; Cleveland, OH; Chicago, IL; Ft. Lauderdale, Florida; and Los Angeles, CA.

For more information contact:

Dan Roelofs, Communications Director, Diplomat Specialty Pharmacy

[email protected]

616.808.3232

SOURCE Diplomat Specialty Pharmacy