Diplomat Pharmacy sells 7.4 million shares in follow-on offering
The selling shareholders and certain option holders (whose options will be repurchased by the company with additional primary proceeds) will receive the remaining $118 million of gross proceeds expected to be raised in the offering. Diplomat will not receive any proceeds from shares of common stock to be sold by the selling shareholders.
Rexall names new VP pharmacy
MISSISSAUGA, Ontario — Canadian pharmacy retailer Rexall has named Erik Botines as its new VP pharmacy.
In his new role, Botines will lead pharmacy programs and initiatives, pharmacy category management and the development and implementation of professional programs.
Botines has more than 20 years experience in operations, financial management and patient services. Most recently, he held senior management positions at Canada's Shoppers Drug Mart, where he was responsible for pharmacy business development, pricing and patient services.
Botines spent the first 10 years of his career as an associate franchise owner before making the transition to corporate executive.