The company stated: “Diplomat Pharmacy is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the year ended December 31, 2018 within the prescribed time period because the company has recently determined the need to record a significant non-cash impairment charge related to the company’s Goodwill and Definite-lived intangible assets, as a result of reduced financial forecasts for the business, which will materially impact results for the fourth quarter and full year ended December 31, 2018. As a result, the company needs additional time to finalize the level of impairment for Goodwill and the Definite-lived intangible assets, the tax implications and the total impact on the company’s 2018 fourth quarter and full year financial results. The issues identified require the company to perform additional procedures and analyses, and other third-party review of the foregoing, that affect the timeliness of the company’s annual financial statement and preparation of the Annual Report. Management is in the process of completing these additional procedures and the Annual Report. The company expects to file the Annual Report as soon as reasonably practicable after completion of the foregoing.”
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