Exhibit 99.1

Diplomat Announces 4th Quarter and 2015 Year End Financial Results; Provides Initial 2016 Guidance

4th Quarter Revenue Increased 61%, Earnings Improved from a Net Loss of $(3.1) Million to Net Income of $3.6 Million, Adjusted EBITDA Increased 168%

Full Year Revenue Increased 52%, Net Income Increased 440%, Adjusted EBITDA Increased 170%

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FLINT, Mich., February 29, 2016 /PRNewswire/ — Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation’s largest independent specialty pharmacy, announced financial results for the quarter and year ended December 31, 2015. All comparisons, unless otherwise noted, are to the quarter or year ended December 31, 2014.

Fourth Quarter 2015 Highlights include:

·                  Revenue of $987 million, an increase of 61% or $375 million

·                  35% organic revenue growth

·                  Total prescriptions dispensed of 238,000, an increase of 14%

·                  Gross margin of 7.8% versus 6.7%

·                  Adjusted EBITDA of $28.1 million, an increase of 168% or $17.6 million

·                  Adjusted EBITDA margin of 2.8% versus 1.7%

·                  Adjusted EPS of $0.21 versus $0.08

·                  Operating Cash Flow of $27 million, an increase of $56 million

Full Year 2015 Highlights include:

·                  Revenue of $3,367 million, an increase of 52% or $1,152 million

·                  31% organic revenue growth

·                  Total prescriptions dispensed of 911,000, an increase of 14%

·                  Gross margin of 7.8% versus 6.3%

·                  Adjusted EBITDA of $95.0 million, an increase of 170% or $59.8 million

·                  Adjusted EBITDA margin of 2.8% versus 1.6%

·                  Adjusted EPS of $0.75 versus $0.51

·                  Operating Cash Flow of $29 million, an increase of $39 million

Phil Hagerman, Chairman and CEO of Diplomat, commented, “During the fourth quarter, we delivered our strongest organic and overall revenue growth quarter of the year. At the same time, we continued to meaningfully improve margins and to deliver growth from multiple diverse areas within our business including: growing prescription volume and revenue from existing drugs, continuing to win access to nearly all meaningful specialty drug approvals, and generating additional revenue synergies from our recent acquisitions.  2015 was a record year for drug approvals from the FDA, and this recent influx of approvals, combined with the remaining rich pipeline of drugs in development, keeps us very confident in our ability to deliver solid growth for the foreseeable future.”

Fourth Quarter Financial Summary:

Revenue for the fourth quarter of 2015 was $987 million, compared to $612 million in the fourth quarter of 2014, an increase of $375 million or 61%.  The increase was primarily the result of organic growth, including approximately $101 million from increased volume and a richer mix of those drugs that existed a year ago, approximately $58 million of revenue from drugs that were new in the past year and approximately $57 million from the impact of manufacturer price increases.  The remaining increase was the result of approximately $159 million from our acquisitions.

Gross profit in the fourth quarter of 2015 was $76.7 million, compared to $40.9 million in the fourth quarter of 2014, and generated gross margin of 7.8% compared to 6.7%.  The gross margin improvement in the quarter was primarily due to drug mix changes, including the impact of recent acquisitions, as well as the impact of increased pharma dollars, and, to a lesser extent, manufacturer price increases.

Selling, general, and administrative expenses (“SG&A”) for the fourth quarter of 2015 was $69.7 million, an increase of $27.5 million, compared to $42.2 million in the fourth quarter of 2014.  Of this increase, $12.4 million relates to employee cost, including employee cost from our acquired entities.  The increased employee expense was primarily attributable to the 23% increase in dispensed and serviced prescription volume, combined with the increased clinical and administrative complexity associated with our mix of business.  We also experienced a $6.9 million increase in amortization expense from definite-lived intangible assets, and a $2.9 million increase in the fair value of contingent consideration, both of which are associated with our acquisitions.  The remaining increase was in all other SG&A to support our growth, including public company requirements, consulting fees, travel, and other miscellaneous expenses.  As a percentage of revenue, SG&A, excluding acquisition-related amortization and change in contingent consideration, accounted for 5.3% of total revenues for the three months ended December 31, 2015 compared to 5.7% in the prior year period.  This decrease is primarily attributable to operating efficiencies and integration of acquired entities.

Adjusted EBITDA for the fourth quarter of 2015 was $28.1 million versus $10.5 million in the fourth quarter of 2014, an increase of 168%.

Net income allocable to common shareholders for the fourth quarter of 2015 was $3.6 million, or $0.06 per common share, compared to a net loss of $(3.1) million, or $(0.06) per common share for 2014.  On a diluted basis, we had net income per common share of $0.05 in the fourth quarter of 2015, compared to $(0.06) per common share in the prior year.  Diluted non-GAAP Adjusted EPS (“Adjusted EPS”) was $0.21 in the fourth quarter of this year compared to $0.08 in the fourth quarter of 2014.  Compared to the year ago period, our weighted average common shares outstanding in the fourth quarter of 2015 were significantly higher, impacted by our follow-on equity offering, the use of shares as partial consideration for our acquisitions, and stock option exercises.

Full Year 2015 Financial Summary:

Revenue for 2015 was $3,367 million, compared to $2,215 million in 2014, an increase of $1,152 million or 52%.  The increase was primarily the result of organic growth, including approximately $453 million from increased volume and a richer mix of those drugs that existed a year ago, approximately $103 million of revenue from drugs that were new in the past year, and approximately $136 million from the impact of manufacturer price increases.  The remaining increase was the result of approximately $460 million from our acquisitions.

Gross profit in 2015 was $263.2 million, compared to $140.1 million in 2014 and generated gross margin of 7.8% compared to 6.3%.  The gross margin improvement in the year was primarily due to drug mix changes, including the impact of recent acquisitions, as well as the impact of increased pharma dollars, and, to a lesser extent, manufacturer price increases.

SG&A for 2015 was $217.3 million, an increase of $89.7 million, compared to $127.6 million in 2014.  Of this increase, $44.1 million relates to employee cost, including employee cost from our acquired entities.  The increased employee expense was primarily attributable to the 18% increase in dispensed and serviced prescription volume, combined with the increased clinical and administrative complexity associated with our mix of business.  We also experienced a $22.0 million increase in amortization expense from definite-lived intangible assets associated with our acquisitions.  The remaining increase was in all other SG&A to support our growth, including public company requirements, consulting fees, software licenses, travel, freight, and other miscellaneous expenses.  As a percentage of revenue, SG&A, excluding acquisition-related amortization and change in contingent consideration, accounted for 5.5% of total revenues for 2015 compared to 5.3% in the prior year.  This increase is primarily attributable to the more clinically intensive businesses we have acquired and the additional operating expense associated with servicing those patients.  The increase was partially offset by operating efficiencies.

Adjusted EBITDA for 2015 was $95.0 million versus $35.2 million in 2014, an increase of 170%.

Net income allocable to common shareholders for 2015 was $25.8 million, or $0.42 per common share, compared to $4.3 million, or $0.12 per common share for 2014.  On a diluted basis, we had net income per common share of $0.41 in 2015, compared to $0.11 per common share in the prior year.  Adjusted EPS was $0.75 in 2015 compared to $0.51 in 2014.  Compared to the prior year, our weighted average common shares outstanding in 2015 were significantly higher, impacted by our follow-on equity offering, the use of shares as partial consideration for our acquisitions, and stock option exercises.

2016 Financial Outlook

For the full-year 2016, we provide financial guidance as follows:

·                  Revenue between $4.3 and $4.6 billion

·                  Adjusted EBITDA between $116 and $123 million

·                  Adjusted EPS between $0.84 and $0.89

Our Adjusted EPS expectations assume approximately 67,500,000 weighted average common shares outstanding for the full year 2016, which could differ materially.

Earnings Conference Call Information

As previously announced, the Company will hold a conference call to discuss its fourth quarter and full year 2015 performance this evening, February 29, 2016 at 5:00 p.m. Eastern Time.  Shareholders and interested participants may listen to a live broadcast of the conference call by dialing 877-201-0168 (or 647-788-4901 for international callers) and referencing participant code 40398821 approximately 15 minutes prior to the call.  A live webcast and transcript of the conference call will be available on the investor relations section of the Company’s website.

About Diplomat

Diplomat Pharmacy, Inc. (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 and/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. Follow us on Twitter and LinkedIn and like us on Facebook.

Non-GAAP Information

Adjusted EPS adds back, net of income taxes, the impact of all merger and acquisition related expenses, including amortization of intangible assets, the change in contingent consideration related to our acquisitions, as well as transaction-related costs.  We exclude merger and acquisition related expenses from Adjusted EPS because we believe the amount of such expenses in any specific period may not directly correlate to the underlying performance of our business operations and such expenses can vary significantly between periods as a result of new acquisitions, full amortization of previously acquired intangible assets or ultimate realization of contingent consideration.  Investors should note that acquisitions, once consummated, contribute to revenue in the periods presented as well as future periods and should also note that amortization and contingent consideration expenses will recur in future periods.  A reconciliation of Adjusted EPS, a non-GAAP measure, to EPS as prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) can be found in the appendix.

We define Adjusted EBITDA as net income (loss) before interest expense, income taxes, depreciation and amortization, share-based compensation, restructuring and impairment charges, equity loss and impairment of non-consolidated entities, and certain other items that we do not consider indicative of our ongoing operating performance (which are itemized below in the reconciliation to net income).  Adjusted EBITDA is not in accordance with, or an alternative to, GAAP.  In addition, this non-GAAP measure is not based on any comprehensive set of accounting rules or principles.  You should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in the presentation, and we do not infer that our future results will be unaffected by unusual or non-recurring items.

We consider Adjusted EBITDA and Adjusted EPS to be supplemental measures of our operating performance.  We present Adjusted EBITDA and Adjusted EPS because they are used by our Board of Directors and management to evaluate our operating performance.  They are also used as a factor in determining incentive compensation, for budgetary planning and forecasting overall financial and operational expectations, for identifying underlying trends and for evaluating the effectiveness of our business strategies.  Further, we believe they assist us, as well as investors, in comparing performance from period to period on a consistent basis.  Other companies in our industry may calculate Adjusted EBITDA and Adjusted EPS differently than we do and these calculations may not be comparable to our Adjusted EBITDA and Adjusted EPS metrics.  A reconciliation of Adjusted EBITDA, a non-GAAP measure, to net income can be found in the appendix.

Forward Looking Statements

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, and include Diplomat’s expectations regarding revenues, Adjusted EBITDA, net income (loss), Adjusted EPS, market share, the performance of acquisitions and growth strategies.  The forward-looking statements contained in this press release are based on management’s good-faith belief and reasonable judgment based on current information, and 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.  These risks and uncertainties include: our ability to adapt to changes or trends within the specialty pharmacy industry; significant and increasing pricing pressure from third-party payors; our relationships with key pharmaceutical manufacturers; bad publicity about, or market withdrawal of, specialty drugs we dispense; a significant increase in competition from a variety of companies in the health care industry; our ability to expand the number of specialty drugs we dispense and related services; maintaining existing patients; revenue concentration of the top specialty drugs we dispense; our ability to maintain relationships with a specified wholesaler and pharmaceutical manufacturer; increasing consolidation in the healthcare industry; managing our growth effectively; limited experience with acquisitions and our ability to recognize the expected benefits therefrom on a timely basis or at all; and the additional factors set forth in “Risk Factors” in Diplomat’s Annual Report on Form 10-K for the year ended December 31, 2015 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.

INVESTOR CONTACT:
Bob East, Westwicke Partners 
443-213-0500 | Diplomat@westwicke.com

DIPLOMAT PHARMACY, INC.

Consolidated Balance Sheets

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DIPLOMAT PHARMACY, INC.

Consolidated Statements of Operations

(dollars in thousands, except per share amounts)

DIPLOMAT PHARMACY, INC.

Consolidated Statements of Cash Flows

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Adjusted EBITDA

The table below presents a reconciliation of net income (loss) attributable to Diplomat Pharmacy, Inc. to Adjusted EBITDA for the periods indicated:

(1)         Includes change in fair value of redeemable common shares, termination of existing stock redemption agreement, equity loss and impairment of non-consolidated entity, private company expenses including philanthropic activities, other taxes and credits

Adjusted EPS (diluted)

Below is a reconciliation of the Company’s diluted net income (loss) attributable to Diplomat Pharmacy, Inc. per common share to Adjusted EPS for the three months and year ended December 31, 2015 and 2014.

(1)         Different than reported in March 2, 2015 press release, but calculated consistent with 2015 methodology

(2)         2014 presented on a pro forma basis solely related to our change in income tax status in early 2014 from an S corporation to a C corporation, and gives effect to our election to be a C corporation as if this decision was made effective January 1, 2014.