Benzinga | Nov 23, 2021 08:09AM EST

MedAvail Reports Signed Initial 4 Co. Clinics With Cano Health In California, No Terms Disclosed

MedAvail Holdings, Inc. (NASDAQ:MDVL) ("MedAvail"), a technology-enabled retail pharmacy company, has signed an initial four clinics with Cano Health in California.

In-clinic SpotRx kiosks and courier home delivery will be available to patients at four Cano Health clinic locations in the greater Los Angeles area. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.

"We are thrilled to continue our collaboration with Cano Health, supporting them with their expansion into California," said Ed Kilroy, Chief Executive Officer of MedAvail. "We will be leveraging our current pharmacy infrastructure already deployed in California to service these Cano clinics."

MedAvail's SpotRx Pharmacy business is primarily focused on the Medicare (65+ year old) market and the medical clinics where they receive care. The SpotRx MedCenter allows patients to virtually consult with a pharmacist and fill their medications within clinics, eliminating the need to visit a pharmacy. SpotRx also provides patients the option to have their medications delivered to their homes free of charge.

"Our partnership with SpotRx will enable us to provide a high touch pharmacy experience to our patients while also providing convenient on-site access to over-the-counter and prescription medications," said Dr. Richard Aguilar, Chief Clinical Officer of Cano Health. "We want to ensure that our patients receive high quality, affordable care and medication adherence plays an important role in population health management."