MedAvail Technologies Inc.

MedAvail Technologies Inc.

MedAvail Technologies Inc. was founded in the mid-2010s and is headquartered in Deerfield, Illinois, with additional offices in Boston, St. Louis, New York, and Phoenix. The firm originated from the convergence of pharmacy services and technology, aiming to address pharmacist shortages and patient access gaps through automated dispensing solutions. MedAvail operates a telepharmacy model that pairs on-site kiosk hardware with remote pharmacists who review and authorize prescriptions via video link. The firm's primary asset class is healthcare technology services, with a focus on cloud-based pharmacy management and point-of-care kiosk deployment. It has partnered with retail pharmacy chains and health systems including Kroger and other national retail groups (per public filings, 2022). Its geographic footprint is concentrated in the United States, with operations across multiple states. The firm has not publicly disclosed its AUM or team size, and holds no publicly known adjacent vehicles such as philanthropic foundations or investment funds. No significant operational events have been reported in the last 24 months, although MedAvail continues to service existing contracts and seek new deployment sites. MedAvail's structural differentiator lies in its dual-license business model: it was one of the first firms to hold a national pharmacy permit from the US Drug Enforcement Administration for its telepharmacy platform, allowing remote verification across state lines. This regulatory posture, combined with its kiosk-based distribution, distinguishes it from traditional pharmacy operators.