Diplomat Acquires 8th Day Software, Names New CIO
Oct 2, 2017
FLINT, Mich. — Oct. 2, 2017 — The nation’s largest independent provider of specialty pharmacy services names Dave Loschinskey chief information officer and acquires the technology firm he founded.
Diplomat Pharmacy, Inc. (NYSE: DPLO), has acquired 8th Day Software and Consulting, LLC, and named its founder as Diplomat’s chief information officer.
8th Day Software, based in Tennessee, will operate under Diplomat subsidiary Envoy Health Management LLC. 8th Day expands EnvoyHealth’s service offerings for health care partners to include IT outsourcing, consulting, and product development.
“In an interoperable world, technology delivers comprehensive insight and sustainable value for patients and health care partners,” said Jennifer Cretu, senior vice president of pharma services and marketing at Diplomat.
Dave Loschinskey, founder of 8th Day, becomes Diplomat’s CIO. He served as CEO of 8th Day since it launched in 2013. The company is experienced in building technologies for patient engagement, reporting, hub management, payor services, and more.
“The health care market has shown significant demand for information technology services,” said Phil Hagerman, CEO and chairman of Diplomat. “Dave built 8th Day along with past Accredo leaders, and their unique health care experience will bring new opportunities to provide better and broader services for our customers. Diplomat continues to move its analytics capabilities up the business intelligence curve from descriptive to predictive.”
Loschinskey will oversee Diplomat’s information technology strategy, day-to-day operations, and product development. He brings more than 20 years of experience in technology and software development, with a focus on the specialty pharmacy space.
“Since our founding, 8th Day has built technology designed to help our customers best serve their patients,” Loschinskey said. “The same patient-first mentality is woven into Diplomat’s culture, making this partnership all the more exciting. I’m proud to join such an innovative company as Diplomat.”
Before founding 8th Day, Loschinskey spent nearly a decade with Accredo, which joined Medco and is now Express Scripts’ specialty pharmacy—first as vice president of software development, then as chief information officer, and finally as vice president of business innovation. Previously, he served five years as senior director for Oracle Corporation, a multinational computer technology company.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operating performance. The forward-looking statements contained in this press release are based on management’s good-faith belief and reasonable judgment based on current information. These statements are qualified by important risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those forecasted or indicated by such forward-looking statements. For a discussion of such risks and uncertainties, you should review Diplomat’s filings with the Securities and Exchange Commission, including “Risk Factors” in Diplomat’s Annual Report on Form 10-K for the year ended Dec. 31, 2016, and in subsequent reports filed with or furnished to the Securities and Exchange Commission. Except as may be required by any applicable laws, Diplomat assumes no obligation to publicly update such forward-looking statements, which are made as of the date hereof or the earlier date specified herein, whether as a result of new information, future developments or otherwise.
Diplomat (NYSE: DPLO) 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. 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 diplomat.is.
About 8th Day Software
8th Day Software is a Tennessee-based technology firm whose offerings include product development, IT outsourcing, and consulting. Fueled by passion and driven by excellence, 8th Day turns client vision into world-class software solutions. The company was founded in 2013 to meet a market need for a domestic software vendor that is transparent, reliable, and cost-effective. For more information, visit 8thdaysoftware.com.
Bob East, Westwicke Partners
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Jenny Cretu, Senior Vice President,
Pharma Services and Marketing
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