Diplomat among Crain’s fastest-growing southeast Michigan companies

FLINT, Mich. — Diplomat Pharmacy was among the fastest-growing southeast Michigan companies identified this year by Crain’s Detroit Business. The magazine’s annual Fast 50 list ranks companies based on three-year revenue growth.

“Being named among Crain's Fast 50 is an incredible triumph,” Diplomat CEO and chairman Phil Hagerman said. “We've made several great strides over the past few years. We grew in revenue from existing drugs, continued to win access to meaningful specialty drug approvals, and strengthened our expertise and national footprint across complex disease states through key acquisitions.”

Diplomat ranked second among the 50 companies on the list, set apart by its 191% revenue growth between 2013 and 2016. Crain’s highlighted Diplomat’s organic growth, access to newly approved specialty drugs and growth from acquisitions.

“Our growth is driven by all aspects of our business,” Diplomat president Paul Urick said. “We are excited to continue to grow and remain dedicated to Michigan and our hometown of Flint.”