Portfolio News

Florida approved deployment of MedAvail automated pharmacy dispensing machines, as patients are cautious about utilizing traditional retail settings in the midst of the COVID-19 pandemic. SpotRx pharmacy, wholly owned by MedAvail Technologies, can begin to build out a network of in-clinic embedded pharmacies within Medicare clinics as they have done in Arizona and California. “Florida is a very large state for our SpotRx Medicare strategy representing an opportunity of more than $3.5B of annual prescription revenue within our targeted Medicare market,” said Dave Rawlins, SpotRx Chief Commercial Officer.