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Diplomat acquires Houston-based Affinity Biotech
FLINT, Mich. — Diplomat Pharmacy on Wednesday announced that it had completed an acquisition of Affinity Biotech, a specialty pharmacy and infusion services company based in Houston, Texas, providing treatments and nursing services for patients with hemophilia.Diplomat acquired the company for $16 million in cash and up to an additional $4 million in contingent payments.Fred’s Pharmacy sees progress in specialty pharmacy sales
MEMPHIS, Tenn. — Fred’s Pharmacy saw total sales for the month of January decline 5.6% year over to $148.1 million from $156.9 million. Comparable-store sales for the month decreased by 4.8% versus an increase of 0.7% during the prior year period.
As for its 2016 fourth quarter, total sales for the fourth quarter of 2016 decreased 4.3% year over year to $530.7 million from $554.6 million in the fourth quarter of 2015. On a comparable-store basis, Q4 sales decreased 3.6% versus an increase of 1.7% in the year-earlier period.