Skip to main content
The Process

From listing to closing: the DMS process

Every pharmacy transaction follows our proven 6-stage process. Typical timeline: 4–6 months from engagement to close.

01

Engagement Letter

Weeks 1–2

We begin with a confidential consultation to understand your goals, timeline, and expectations. A formal engagement letter establishes our relationship, fee structure, and confidentiality obligations.

For Sellers

  • Preliminary pharmacy valuation
  • Engagement letter execution
  • Confidentiality agreement with DMS
  • Data collection begins

For Buyers

  • Buyer profile completion
  • Proof-of-funds verification
  • Criteria definition (geography, size, type)
  • Queue for relevant listings
02

Listing Goes Live

Weeks 2–4

We prepare an anonymized listing teaser — no pharmacy name, no address, no identifying information. This teaser is distributed to our qualified buyer network and posted on our platform.

For Sellers

  • Anonymous teaser created
  • Professional photography (optional)
  • Platform listing published
  • Buyer outreach begins

For Buyers

  • Matching listings identified
  • Teaser materials reviewed
  • Initial interest submitted
  • NDA requested
03

NDA Execution

Weeks 3–6

Qualified buyers who express interest are required to execute a legally binding NDA via Dropbox Sign. Only after NDA execution do they receive the full Confidential Information Memorandum (CIM).

For Sellers

  • Buyer qualifications reviewed by DMS
  • NDA executed (digital signature)
  • Approval or denial within 48 hours
  • Full CIM released to approved buyers

For Buyers

  • NDA signed electronically
  • Full financials received
  • Address and identity revealed
  • Store visit scheduled
04

LOI Submission

Weeks 6–10

Interested buyers submit a non-binding Letter of Intent outlining proposed purchase price, terms, contingencies, and closing timeline. DMS facilitates negotiation between parties.

For Sellers

  • LOI reviewed with DMS advisors
  • Counter-offer support
  • Term negotiation (price, contingencies)
  • Executed LOI → exclusivity period begins

For Buyers

  • LOI prepared with DMS guidance
  • Financing pre-approval arranged
  • Legal counsel engaged
  • Exclusivity period: 45–60 days
05

Due Diligence

Weeks 10–16

A structured 10-day due diligence period covers financial verification, lease review, licensing checks, and operational assessment. DMS provides a detailed checklist to ensure no surprises.

For Sellers

  • Financial records provided (3 years P&L, tax returns)
  • Lease agreement & renewal options
  • Pharmacy license & DEA registration
  • Payor contracts & reconciliation

For Buyers

  • CPA-reviewed financial verification
  • Attorney review of all contracts
  • Pharmacy board licensing plan
  • Inventory estimation
06

Closing

Weeks 14–20

Closing includes inventory count, asset transfer, license applications, wholesaler introductions, and final funds transfer. DMS stays involved through the entire process.

For Sellers

  • Final inventory count (SDL)
  • Asset purchase agreement signed
  • Proceeds distributed at close
  • Transition support (2–4 weeks)

For Buyers

  • Financing funded
  • Pharmacy license transferred
  • Wholesaler account established
  • Staff and POS transition

Ready to start the process?