M&A Deal Summary

Diplomat Pharmacy Acquires 8th Day Software and Consulting

On October 2, 2017, Diplomat Pharmacy acquired information technology company 8th Day Software and Consulting

Acquisition Highlights
  • This is Diplomat Pharmacy’s 1st transaction in the Information Technology sector.
  • This is Diplomat Pharmacy’s 8th transaction in the United States.
  • This is Diplomat Pharmacy’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-10-02
Target 8th Day Software and Consulting
Sector Information Technology
Buyer(s) Diplomat Pharmacy
Deal Type Add-on Acquisition

Target

8th Day Software and Consulting

Arlington, Tennessee, United States
8th Day Software and Consulting LLC is a technology firm whose offerings include product development, IT outsourcing, and consulting. The company was founded in 2013 to meet a market need for a domestic software vendor that is transparent, reliable, and cost-effective.

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Buyer(S) 1

Buyer

Diplomat Pharmacy

Flint, Michigan, United States

Category Company
Founded 1975
Sector Healthcare Services
Employees1,565
Revenue 5.5B USD (2018)
DESCRIPTION

Diplomat Pharmacy, Inc. is a provider of 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.


DEAL STATS #
Overall 8 of 10
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Tennessee) 1 of 1
Country (United States) 8 of 10
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Focus Rx Pharmacy Services

Ronkonkoma, New York, United States

Focus Rx Pharmacy Services, Inc. is a provider of home infusion and specialty prescription management services. The company partners with hospitals, specialty practices, and clinics to deliver comprehensive and personalized services. Focus Rx Pharmacy Services is base din Ronkonkoma, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 National Pharmaceutical Services

Boys Town, Nebraska, United States

Pharmaceutical Technologies, Inc. is a fully integrated pharmacy benefit manager (PBM) servicing Group and Commercial Health, Medicare Part D, Managed Medicaid, Health Insurance Exchanges, and Workers’ Compensation programs. Pharmaceutical Technologies was founded in 1993 and is based in Boyd Town, Nebraska.

Buy $31M