An unknown buyer agreed to acquire prescription files of three pharmacy locations from Dougherty's Pharmacy, Inc. (OTCPK:MYDP) for $3 million on May 10, 2019. The sale includes prescription files from Dougherty’s Pharmacy in Springtown, Texas; McCrory’s Pharmacy in El Paso, Texas; and The Medicine Shoppe Pharmacy in McAlester, Oklahoma. Dougherty's Pharmacy anticipates receiving proceeds of $2.7 million to be paid at closing, with an additional $0.3 million retention earn out to be received one year after the closing of the sale. As a result of the sale, Dougherty’s will retain the inventory from the three locations and will transfer inventory to Dougherty’s Pharmacy stores that will continue to operate. Following the sale, the Springtown and El Paso locations will be closed, and the McAlester location may be restructured as a different business in the future. The transaction is expected to close on or before May 31, 2019. Dougherty’s intends to use the entire proceeds to reduce debt and improve the balance sheet.