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Initial three deployments to be completed in early 2024 at ASP Cares Pharmacy in Las Vegas
Agreement repsents expansion of successful relationship with Dallas-based Oak Lawn Pharmacy
PHOENIX, Nov. 17, 2023 (GLOBE NEWSWIRE) -- MedAvail Holdings, Inc. (NASDAQ:MDVL) ("MedAvail"), an innovative pharmacy technology company, announced today that it has entered into an agreement with Pharmacy Fund 1 for the deployment of ten M4 MedCenter kiosks, which will be serviced by ASP Cares Pharmacy. Pharmacy Fund 1 also operates Oaklawn Pharmacy, which is a current MedAvail partner in Dallas, Texas. Per the terms of the agreement, the first three MedCenters are planned to be deployed at First Person Care Clinics in Las Vegas. All ten MedCenters are expected to be deployed in 2024.
"We are excited to enter into this agreement with ASP Cares and deploy our first MedCenter kiosks in Las Vegas, a new market for us," stated Mark Doerr, Chief Executive Officer of MedAvail. "This agreement represents an expansion of our relationship with Daniel and the team at Oak Lawn Pharmacy. We have already initiated integration activities and anticipate efficient and timely deployments."
"Having seen first hand the many benefits of the MedCenter at our initial Oak Lawn location, we were eager to introduce this technology to our ASP Cares clinics and improve patient access to the medications that they require," stated Daniel Hayek, Owner, Pharmacy Fund 1. "Of note, we were very pleased with the speed and efficiency of the initial MedCeter integration and deployment, and we look forward to a similarly positive experience at our ASP Cares locations."
Posted In: MDVL
