Phil Hagerman is an American entrepreneur, philanthropist, pharmacist and former CEO and chairman of Diplomat Pharmacy, Inc. Diplomat was the largest independent provider of specialty pharmacy services in the United States until its sale to Optum/United Health in February 2020[1] He co-founded Diplomat Pharmacy, Inc. in 1975 with his father, Dale Hagerman, and its stock was sold on the New York Stock Exchange (NYSE) starting in October 2014.[2]
Phil Hagerman | |
|---|---|
| Nationality | American |
| Occupation(s) | pharmacist and businessman |
| Known for | co-founder of Diplomat Pharmacy |
| Children | 4 |
| Parent | Dale Hagerman & Jan Hagerman |
He is co-founder of the Hagerman Foundation, a non-profit organization dedicated to philanthropic efforts across Michigan in the areas of family, community, and education.[3]
He founded SkyPoint Ventures in 2013 and remains its CEO. SkyPoint Ventures is a real estate and venture investment firm, headquartered in Flint, Michigan. SkyPoint Ventures focuses on early stage companies in multiple disciplines and engaging the entrepreneurial spirit while developing industry leading processes and technology. They are headquartered in the historic Dryden Building in Downtown Flint. Built in 1901, the Dryden building was home to the original offices of General Motors formed in by Billy Durant in1908.
Hagerman is CEO of Forum Health Enterprises, Inc. Forum Health, founded in February 2019, focuses on building a network of integrative and functional medical practices across the nation and includes a nutraceutical division, Inwell Biosciences and a technology division, Power2Practice. Inwell has created a line of proprietary supplements specific to the needs of physicians in Integrative and Functional medicine. Power2Practice is an EMR and practice management software system created specifically for integrative medical practices, used by over 1000 practitioners nationwide.
Philanthropy
editEducation and training philanthropy
editIn February, 2015, through the Hagerman Foundation, Hagerman donated $5 million to the Ferris State University College of Pharmacy to redevelop the Pharmacy Building and to support student scholarships and an endowed chair for health informatics. He is involved with funding many nonprofits in Flint, Fenton and throughout Genesee County, looking to improve the lives of future generations.
[4] In 2015, he gave a $2 million endowment gift to the University of Michigan-Flint to create The Hagerman Center for Entrepreneurship and Innovation.[5] In addition to funding a new center, the gift also created the Hagerman Scholars program, a program designed to nurture and cultivate entrepreneurial leaders in Flint.[6]
In 2016, Hagerman donated $120,000 through the Hagerman Foundation to Grand Circus's Develop(her) Bootcamp.[7] Designed to promote diversity in tech, the intensive programming course offered free tuition, exclusively for women in Flint and Detroit.
In recognition of his commitment to philanthropy in education, Hagerman and his wife, Jocelyn received The State Bank Contribution to Education Award in 2016 for their work in Fenton, Michigan.[8]
Community philanthropy
editHagerman has also supported more community and family focused organizations and events. He is involved with funding many nonprofits in Flint, Fenton and throughout Genesee County, looking to improve the lives of future generations.
Additionally, he partners with and supports Carriage Town Ministries, a clinic serving underserved and homeless residents of Flint, Michigan with free health, eye and dental screenings.
Community renovations
editHagerman is particularly committed revitalizing the downtown areas of Flint and Fenton. He has been active in partnering with Kettering University and U-M Flint to reopen a historic ice rink in the heart of downtown Flint.[9] Additionally, he has invested $4 million in the Capitol Theatre renovation project. When finished, the 6,000 seat, 25,000 square foot theatre will be a landmark of downtown Flint.[10]
Furthermore, Hagerman is the owner of Skypoint Ventures, a real estate investment and venture company that is working in and around the city of Flint, Michigan.[11]
Through Skypoint Ventures, two of Flints most Iconic buildings, the Dryden Building and the Ferris Furs Building were rehabilitated and put back in use. The Ferris building had been dark for 36 years when it reopened in November 2017, with 30 small businesses moving in to its 7 floors. The Ferris building was renamed the Ferris Wheel, and is a coworking and innovation space, and home of the Not-for-Profit 100K ideas, created by Skypoint in 2017. 100K is an Innovation center and incubator created to relieve the innovator of the entrepreneurial burden.
Personal life
editPhil has four children.[12] He is an avid snowskier and loves the mountains and oceans.
References
edit- ^ Lauerman, Michelle Cortez FayCortez John. "Valeant's Favorite Pharmacy Made Life Easy for Doctors, at a Price". Bloomberg.com. Retrieved 2016-04-29.
- ^ "Flint-based Diplomat Pharmacy launches IPO, joins NYSE". Detroit Free Press. Retrieved 2016-04-29.
- ^ "Local family gifts $5 million to Ferris State University". Tri-County Times. Retrieved 2016-05-26.
- ^ "$5 million gift for Ferris State's college of pharmacy is largest in university's history". MLive.com. Retrieved 2016-05-26.
- ^ "Diplomat CEO Phil Hagerman donates $2M to create entrepreneur center at UM-Flint". MLive.com. Retrieved 2016-05-26.
- ^ "Hagerman Student Scholars Selected | University of Michigan-Flint". www.umflint.edu. Retrieved 2016-05-26.
- ^ Bahou, Alexandra (2016-05-06). "Grand Circus launches free DEVELOP(her) Bootcamp for women". Retrieved 2016-09-22.
- ^ "Hagermans to receive top education award". Retrieved 2016-09-22.
- ^ Team, ABC12 News. "Ele's Place receives $100,000 grant". www.abc12.com. Retrieved 2016-05-26.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Hagerman Foundation donates $4 million to Capitol Theatre renovation project". Retrieved 2016-09-22.
- ^ "Here's a first look at the renovation of Flint's century-old Dryden building". MLive.com. Retrieved 2016-05-26.
- ^ "2013 Michiganders to Watch: Phil Hagerman, entrepreneur recognized by Inc. Magazine". MLive.com. Retrieved 2016-04-29.