Diplomat Announces Closing of Follow-On Public Offering and Full Exercise of Option by Underwriters
FLINT, Mich. — March 31, 2015 — Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation’s largest independent specialty pharmacy, announced today the closing of its follow-on public offering of 9,821,125 shares of common stock at a price to the public of $29.00 per share, which included 1,281,016 shares sold pursuant to the full exercise of the underwriters’ option. Diplomat sold 6,821,125 shares of common stock and certain shareholders of Diplomat sold 3,000,000 shares of common stock. Diplomat will not receive any proceeds from shares of common stock sold by the selling shareholders.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as lead book-running managers. Additional book-running managers were J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. William Blair & Company, L.L.C., Leerink Partners LLC and Raymond James & Associates, Inc. acted as co-managers.
Copies of the prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, by facsimile at (212) 325-8057, or by email at email@example.com; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Diplomat (NYSE: DPLO) serves patients and physicians in all 50 states. Headquartered in Flint, Michigan, the company focuses on medication management programs for people with complex chronic diseases, including oncology, immunology, hepatitis, multiple sclerosis, HIV, specialized infusion therapy and many other serious or long-term conditions. 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 www.diplomat.is. Follow us on Twitter and LinkedIn and like us on Facebook.
Bob East, Westwicke Partners
443.213.0500 | firstname.lastname@example.org
Jenny Cretu, Diplomat
810.768.9370 | email@example.com
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