Phil Hagerman

Phil Hagerman is an American entrepreneur, philanthropist, pharmacist and former CEO and chairman of Diplomat Pharmacy, Inc., the largest independent provider of specialty pharmacy services in the United States.[1] He co-founded Diplomat Pharmacy, Inc. in 1975 with his father, Dale Hagerman, and today it is publicly traded on the New York Stock Exchange (NYSE), raising $175 million during its IPO in October 2014.[2]

Dale Hagerman
NationalityAmerican
Occupationpharmacist and businessman
Known forco-founder of Diplomat Pharmacy
Spouse(s)Jocelyn Hagerman
Children4
Parent(s)Dale Hagerman

He and his wife, Jocelyn Hagerman, are founders of the Hagerman Foundation, a non-profit organization dedicated to philanthropic efforts across Michigan in the areas of family, community, and education.[3] They also founded SkyPoint Ventures, LLC, a real estate investment and venture company that work to bring businesses to the city of Flint and its surrounding areas.[4]

Philanthropy

Education and training philanthropy

In February, 2015, through the Hagerman Foundation, Hagerman donated $5 million to the Ferris State University College of Pharmacy to support student scholarships and an endowed chair for health informatics.[5] In 2015, he gave a $2 million endowment gift to the University of Michigan-Flint to create The Hagerman Center for Entrepreneurship and Innovation.[6] 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.[7]

In 2016, Hagerman donated $120,000 through the Hagerman Foundation to Grand Circus's Develop(her) Bootcamp.[8] 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.[9]

Community philanthropy

Hagerman has also supported more community and family focused organizations and events. He is involved with funding nonprofits like Ele's Place, a healing center for grieving children and teens, and has given a $10,000 grant to the Fenton Lakes Area Arts Council to support a new summer event series called "Arts are the Heart."[10]

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

Hagerman 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.[11] Additionally, he has invested $4 million in the Capitol Theatre renovation project. When finished, the 2,000 seat, 25,000 square foot theatre will be a landmark of downtown Flint.[12]

Furthermore, Hagerman and his wife Jocelyn are the owners of Skypoint Ventures, a real estate investment and venture company that is working in and around the city of Flint, Michigan.[13]

Personal life

He is married to Jocelyn Hagerman and has four children, Jennifer, Megan, Tom and Taylor.[14]

References
  1. Lauerman, Michelle Cortez FayCortez John. "Valeant's Favorite Pharmacy Made Life Easy for Doctors, at a Price". Bloomberg.com. Retrieved 2016-04-29.
  2. "Flint-based Diplomat Pharmacy launches IPO, joins NYSE". Detroit Free Press. Retrieved 2016-04-29.
  3. "Local family gifts $5 million to Ferris State University". Tri-County Times. Retrieved 2016-05-26.
  4. "Here's a first look at the renovation of Flint's century-old Dryden building". MLive.com. Retrieved 2016-04-29.
  5. "$5 million gift for Ferris State's college of pharmacy is largest in university's history". MLive.com. Retrieved 2016-05-26.
  6. "Diplomat CEO Phil Hagerman donates $2M to create entrepreneur center at UM-Flint". MLive.com. Retrieved 2016-05-26.
  7. "Hagerman Student Scholars Selected | University of Michigan-Flint". www.umflint.edu. Retrieved 2016-05-26.
  8. Bahou, Alexandra (2016-05-06). "Grand Circus launches free DEVELOP(her) Bootcamp for women". Retrieved 2016-09-22.
  9. "Hagermans to receive top education award". Retrieved 2016-09-22.
  10. "Arts Council gets $10,000 gift from The Hagerman Foundation". Tri-County Times. Retrieved 2016-05-26.
  11. Team, ABC12 News. "Ele's Place receives $100,000 grant". www.abc12.com. Retrieved 2016-05-26.
  12. "Hagerman Foundation donates $4 million to Capitol Theatre renovation project". Retrieved 2016-09-22.
  13. "Here's a first look at the renovation of Flint's century-old Dryden building". MLive.com. Retrieved 2016-05-26.
  14. "2013 Michiganders to Watch: Phil Hagerman, entrepreneur recognized by Inc. Magazine". MLive.com. Retrieved 2016-04-29.
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