MedAvail Holdings, Inc. (MDVL) Research

MedAvail Holdings, Inc. is a pioneer in tech-driven retail pharmacy solutions, focusing on both the technology itself and related services. The company designs and markets a range of innovative offerings, including self-service pharmacy units, mobile applications, interactive kiosks, and drive-thru services, all operating across the United States and Canada. Its operations are divided into two main areas: Retail Pharmacy Services and Pharmacy Technology. A flagship product, the MedCenter system, facilitates on-site prescription dispensing in various environments such as medical clinics, retail stores, and employer sites, or any location desiring convenient, integrated pharmacy access. Crucially, it incorporates a secure audio-visual link to a licensed pharmacist, enabling patients to receive their medications directly while benefiting from real-time professional guidance and supervision. MedAvail also manages its own retail pharmacy platform, known as SpotRx. As of the close of 2021, the company had installed 81 MedCenter kiosks. MedAvail Holdings, Inc. maintains its headquarters in Mississauga, Canada.

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