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.
Engagement Letter
Weeks 1–2We 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
Listing Goes Live
Weeks 2–4We 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
NDA Execution
Weeks 3–6Qualified 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
LOI Submission
Weeks 6–10Interested 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
Due Diligence
Weeks 10–16A 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
Closing
Weeks 14–20Closing 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