Press Release
November 17, 2017

LDI Integrated Pharmacy Services to be Acquired by Diplomat Pharmacy for $515 Million

The Private Equity team advised Leehar Distributors, LLC, doing business as LDI Integrated Pharmacy Services (LDI), LDI’s primary owner Nautic Partners and LDI CEO Len Dino, Jr., in connection with LDI’s definitive agreement to be acquired by Diplomat Pharmacy, Inc. (NYSE: DPLO). Under the terms of the agreement, Diplomat will pay LDI $515 million cash and approximately $80 million in Diplomat common stock. The cash portion of the acquisition is expected to be funded by Diplomat’s new $795 million senior secured credit facility, the proceeds of which will also be used to terminate Diplomat’s outstanding credit facility. The transaction is expected to close in 30 - 60 days.

LDI Integrated Pharmacy Services offers specialty and mail-order pharmacy dispensing; an extensive retail network; and comprehensive clinical programs to help plan members achieve their treatment goals.

Diplomat is the nation’s largest independent provider of specialty pharmacy services, helping patients and providers in all 50 states. The company offers medication management programs for people with complex chronic diseases and delivers unique solutions for manufacturers, hospitals, payors, providers and more.

The Goodwin team was led by partner John LeClaire and included partners Sarah Bock, Joel Lehrer and Will Pearce; and associates Caroline Galiatsos, Timothy Holahan, and Kyle Pine.

For additional details on the acquisition, please read the press release.