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MedAvail Completes $84 Million Private Placement Led by Ally Bridge Group

MISSISSAUGA, Ontario & PHOENIX–(BUSINESS WIRE)– MedAvail Holdings, Inc. (“MedAvail”), a leading technology-enabled pharmacy organization that embeds automated pharmacy services directly into clinics and other points of care through its proprietary technology, announced the completion of its private placement offering as part of its business combination announced on November 18, 2020. The private placement is being led by Ally Bridge Group (“ABG”) with participation from Cigna Ventures, Redmile Group, Pura Vida Investments, Adage Capital Management, Lewis and Clark Ventures, Heights Capital Management and Maven Investment Partners, among others. MedAvail raised gross proceeds of approximately $84 million through the issuance and sale of securities in a private placement that closed prior to the

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Medavail - Nasdaq

MedAvail, Inc. Set to Trade on NASDAQ Under Ticker Symbol “MDVL”

MISSISSAUGA, Ontario & CEDAR KNOLLS, N.J.–(BUSINESS WIRE)–MedAvail, Inc. (“MedAvail”), a leading technology-enabled pharmacy organization that embeds pharmacy services directly into clinics and other points of care through its proprietary technology, announced the completion of its previously announced business combination with MYOS RENS Technology, Inc. (NASDAQ: MYOS), an advanced nutrition company and the owner of Fortetropin®, a proprietary bioactive composition that helps build lean muscle. The combined company will focus on the MedAvail business and its shares will trade on the Nasdaq Capital Market under the new trading symbol “MDVL.” The current MYOS RENS muscle health business will be spun off as a private unaffiliated company. MedAvail will be led by its

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MedAvail Technologies has chosen Kitron

MedAvail Technologies has chosen Kitron to produce automated medication dispensing equipment for pharmacies and hospitals. The contract has a potential value of USD 50 million over a three-year period, with an extension option. Production will take place at Kitron’s newly renovated facility in Windber, Pennsylvania, and is expected to commence in the first quarter of 2021. “We have awarded this important contract to Kitron after a thorough process. Among the deciding factors were Kitron’s broad experience with customers in the medical devices industry and its familiarity with the particular requirements this entails. We’re extremely pleased to enter into this production partnership,” said Ed Kilroy, CEO of MedAvail Technologies. MedAvail has developed

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Florida Governor approves bill HB 59 allowing deployment of MedAvail automated pharmacy dispensing machines.

Florida Governor approves bill HB 59 allowing deployment of MedAvail automated pharmacy dispensing machines. (Toronto, Ontario Canada .) – Major retailers such as Sam’s Club are wasting little time piloting automated medication dispensing kiosks in a number of their stores following the Governor’s recent approval of HB 59 which authorizes the use of automated pharmacy dispensing systems in the state of Florida. Sam’s Club has begun to pilot MedAvail Technologies remote dispensing kiosks in order to create an alternative pharmacy pickup experience for added convenience and increased access. Sam’s club is excited to be piloting MedAvail’s remote pharmacy technology, particularly when patients are cautious about utilizing traditional pharmacy settings in the

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TMCOne and SpotRx Pharmacy Partner to Offer Integrated In-Clinic Pharmacy Service

Tucson, Ariz. – TMCOne and SpotRx have announced a partnership to provide a cohesive healthcare experience that takes patients from physician to pharmacy without leaving the clinic building. TMCOnce clinics now offer convenient access to prescription medications through SpotRx, a local full-service pharmacy. SpotRx’s interactive kiosks are now located in two TMCOne clinics with two more planned for October. These kiosks allow patients to fill prescription medications and over-the-counter drugs seamlessly at the point of care. SpotRx also provides patients the option to have medications delivered to their homes at no additional cost. “We are excited to be partnering with SpotRx in order to provide convenient access to medications for our

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MemorialCare

MemorialCare, SpotRx Pharmacy Partner to Offer Integrated In-Clinic Pharmacy Experience

PHOENIX – MemorialCare and SpotRx have announced a partnership to provide a cohesive healthcare experience that takes patients from physician to pharmacy without leaving the office. MemorialCare Medical Group health centers provide a range of services including family and internal medicine, pediatric and urgent care, radiology and lab services, have now added convenient access to prescriptions through SpotRx. SpotRx’s interactive kiosks are now located in four MemorialCare Medical Group health centers throughout Orange County with nine more kiosks planned by September. These kiosks allow patients to access and dispense prescription medications and over-the-counter medications. SpotRx also provides patients the option to have medications delivered to their homes at no additional cost.

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MYOS RENS Technology and MedAvail Inc. Announce Merger and Spin-Out of Muscle Health Business

CEDAR KNOLLS, N.J. and MISSISSAUGA, Ontario, June 30, 2020 /PRNewswire/ — MYOS RENS Technology, Inc. (“MYOS”) (NASDAQ: MYOS), an advanced nutrition company and the owner of Fortetropin®, a proprietary bioactive composition that helps build lean muscle, and MedAvail, Inc. (“MedAvail”), a private, in-clinic telemedicine-enabled pharmacy organization that has developed and commercialized a proprietary robotic dispensing platform and home delivery operation focused on the Medicare Advantage market in the United States, or U.S, announced today that they have entered into a definitive Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) in which a wholly-owned subsidiary of MYOS will merge with and into MedAvail, with MedAvail being the surviving corporation and

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SpotRx Pharmacy Kisok

Pharmacy kiosks for prescriptions could be coming to Florida

By News Service of Florida TALLAHASSEE, Fla. (WWSB) – The convenience of getting prescriptions filled at a kiosk could soon be a reality, under a bill moving through the state House. But not everyone agrees it’s a good idea. A House health care panel on Wednesday unanimously approved a bill (HB 59) that would allow community pharmacies to use “automated pharmacy systems” to offer people access to prescription drugs. An automated pharmacy system is a mechanical system that dispenses prescription drugs. The systems have video conferencing or video teleconferencing technology that allow patients to speak with a pharmacist about prescriptions. Rep. Matt Willhite, a Wellington Democrat who sponsored the bill, touted

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MedAvail Technologies Adds David Rawlins as Chief Strategy Officer

Healthcare technology company MedAvail has hired David Rawlins as its new chief strategy officer. Rawlins will be responsible for MedAvail’s overall business strategy with an initial focus on further developing an already growing Medicare business. He will also be involved in the day-to-day execution of a number of MedAvail’s larger in-market partnerships. Rawlins comes with an extensive background in strategic and financial analysis, most recently as managing director and then operating partner for Redmile Group since 2009. During his time at Redmile, Rawlins built its healthcare services business and worked closely with private portfolio companies on strategic and financial planning. He brings with him an extensive knowledge and understanding of the

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MedAvail Technologies Announces Neil Prezioso as Chief Business Officer

TORONTO, Aug. 8, 2019 /PRNewswire-PRWeb/ — MedAvail Technologies Inc. is pleased to announce that it has hired Neil Prezioso as its Chief Business Officer. MedAvail Technologies has developed and commercialized a consumer-facing self-service kiosk, the MedCenter.Through MedAvail’s retail pharmacy banner SpotRx, we are deploying the MedCenter directly into Medicare Advantage clinics and creating the benefits of an embedded pharmacy through technology. MedAvail also licenses its technology to leading retailers and health systems for deployment within their pharmacy operations. A seasoned healthcare industry executive, Prezioso brings to MedAvail more than three decades of operational and management leadership in healthcare, with a deep focus on pharmacy and clinical innovation. He will be responsible

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