Diplomat, Commcare named top companies by Inc. magazine

SWARTZ CREEK, Mich. Two specialty pharmacies have earned places on a list of the 500 fastest-growing private companies in the United States.

Swartz Creek, Mich.-based Diplomat Specialty Pharmacy, which operates six pharmacies in the Midwest and Florida, announced Wednesday that it had made the 235th place in Inc. magazine’s 2009 Inc. 500, which ranks the country’s top private companies every year. In addition, Commcare, a Fort Lauderdale, Fla.-based, $100 million specialty pharmacy with three locations founded in 1996, came in at 374 on the list. Commcare was profiled in the inaugural issue of Specialty Pharmacy, a new magazine within the Drug Store News group of publications.

“While coming in at 235 in the nation is an amazing achievement, the additional details are even more astounding,” Diplomat president and CEO Phil Hagerman said in a statement.

Those “additional details” include Diplomat’s number-one rank among the 43 companies listed in the healthcare category, a place among the top 10 companies ranked by total revenue and the company’s 917% growth over the last three years.

“At Diplomat, we’re proud to make Inc.’s Top 500 list,” Hagerman said. “This achievement recognizes the creativity, dedication and hard work that have gone into building Diplomat Specialty Pharmacy into what it is today.”