The US Bankruptcy Court gave an order approving the sale of substantially all the assets of MedAvail Holdings, Inc. on May 6, 2024. The debtor has been authorized to sell substantially all its assets to PillPack LLC, for a purchase price of $6.1 million in cash. At the auction held, PillPack LLC emerged as the winning bidder by offering a purchase price of $6.1 million whereas LongView International Technology Solutions, Inc., the competing bidder, had offered a purchase price of $5.9 million.

The buyer is represented by Andrew M. Parlen, John Weber, and Andrew D. Krause of Paul, Weiss, Rifkind, Wharton & Garrison LLP as its legal advisors.