TNH Advanced Specialty Pharmacy has been sold to Diplomat Pharmacy
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Valley Campus Pharmacy, Inc., doing business as TNH Advanced Specialty Pharmacy (“TNH” or the “Company”), has been acquired by Diplomat Pharmacy, Inc. (NYSE: DPLO; “Diplomat”), the nation’s largest independent specialty pharmacy.
TNH is a leading national specialty pharmacy with access to limited distribution drugs for oncology and other chronic diseases. The Company was established in 2009 and is one of the fastest growing specialty pharmacies in the nation. TNH provides data management and transparency between the specialty pharmacy, physicians, patients and manufacturers through TNH Live, its proprietary portal platform.
Avo Minasyan, Co-Founder and CEO of TNH, commented, “Lincoln’s expertise in healthcare services and with private companies, combined with their process execution capabilities, proved to be invaluable. At all times, the Lincoln team acted as a trusted advisor and truly understood the needs of an owner-entrepreneur. We are confident this transaction is the right outcome for TNH and our employees. We look forward to joining the Diplomat family of companies and to continue enhancing the care of our patients.”
Raymond Shirvanyan, Co-Founder and Vice President of TNH, added, “We appreciate the Lincoln team’s personal attention, hands-on approach and guidance throughout the sale process. Their commitment and expertise helped us achieve our objectives.”
Lincoln acted as the exclusive financial advisor to TNH, working closely with the management team and shareholders throughout the sale process. This included providing industry expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About TNH Advanced Specialty Pharmacy
TNH was established in 2009, bringing technology to improve industry standards for advanced specialty pharmacy services. TNH serves patients and physicians in 34 states and U.S. territories with innovative solutions to manage complex conditions, including oncology, hepatitis, rheumatoid arthritis, dermatology and other specialty areas. TNH earned a place on Inc. Magazine’s list of 500 fastest-growing private companies in 2013, 2014 and 2015 based on its commitment to providing customer service and client satisfaction through comprehensive continuity of care. For more information, visit www.tnhpharmacy.com.
About Diplomat
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, 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.
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