MedAvail Holdings, Inc.
MDVLQ
Other OTC0.00
USD
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MedAvail Holdings, Inc.
MDVLQ
(Other OTC)
Recent
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0.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- MedAvail Holdings, Inc. is a technology-enabled retail pharmacy technology and services company operating primarily in the United States and Canada. The company develops and commercializes self-service pharmacy, mobile application, and kiosk solutions designed to provide on-site pharmacy services in medical clinics, retail stores, employer sites, and other locations where direct prescription dispensing is required. Its core product offering includes the MedAvail MedCenter, a pharmacy technology solution that enables prescription drug dispensing through an audio-visual connection to a live pharmacist, ensuring real-time supervision and interaction. The company also operates SpotRx, a full-service retail pharmacy utilizing MedAvail’s automated pharmacy technology primarily catering to Medicare patients. MedAvail’s latest major changes involve a strategic restructuring announced in 2025 to focus exclusively on its pharmacy technology business, with plans to exit its pharmacy services segment, including SpotRx. This shift reflects a strategic prioritization of developing and expanding its MedCenter kiosk technology. In 2023 and early 2024, MedAvail entered multiple deployment agreements, including significant contracts with Oak Lawn Pharmacy and St. Thomas Community Health Centers for the installation of M4 MedCenters in various locations. However, the company faced financial challenges, including a voluntary Chapter 7 liquidation filing in early 2024 and staff reductions of approximately 40% to manage operating expenses. It also raised funds through private placements in recent years to support restructuring and operational costs. Founded in 2006 and headquartered in Phoenix, Arizona, MedAvail operates in two core segments: Retail Pharmacy Services and Pharmacy Technology. Its pharmacy technology segment involves the direct sale or leasing of the MedCenter kiosks to third-party customers, while its retail services segment operates through SpotRx. The company’s technology is targeted at healthcare providers, retail chains, employers, and medical clinics seeking innovative pharmacy delivery and telehealth solutions. MedAvail has maintained focus on technological innovation in automated medication dispensing and telepharmacy, aiming to enhance medication adherence and patient access to pharmacy services. MedAvail Holdings’s strategic shift toward pharmacy technology and recent partnerships emphasize its commitment to expanding the footprint of its automated dispensing solutions while managing liquidity and operational efficiency amidst financial restructuring efforts. The company continues to leverage its platform to address evolving needs in the healthcare and retail pharmacy markets across North America.