Digital pharmacy startup Medly is closing its doors at the end of February, two employees confirmed. A U. S. Bankruptcy Court judge in Delaware on Monday approved the sale of Medly’s pharmacy assets, including its patient data, pharmacy records and prescription drug inventory to Walgreens for $19.35 million. The sale did not include its retail assets, such as over-the-counter drugs sold through its app and in physical locations. Medly filed for Chapter 11 bankruptcy protection in December 2022, listing $11.4 million in assets and $105.6 million in liabilities.
Read the full article: Medly Sells Assets to Walgreens for $19.3M
Source: https://www.modernhealthcare.com/finance/walgreens-medly-assets-shutdown-sale-bankruptcy