MedAvail Raises $30M for Drug-Dispensing Kiosks

By | October 17, 2014

MedAvail Technologies Inc., a Canadian startup that makes an automated kiosk that connects people with pharmacists and then dispenses medications, has raised a $30 million Series C round to commercially launch in Canada, Europe and the U.S., the company said.Attempts to reach Toronto-based MedAvail and several of its investors were not immediately successful.

Source: pevc.dowjones.com

The funding was provided by new investors Pura Vida Investments, Deerfield Management Company and Adage Capital Management , joined by return investors Redmile Group, Walgreens Co. and Alliance Boots GmbH , the company said in a statement.

Author: craig keefner

Craig Allen Keefner is an industry analyst, content strategist, and longtime authority on self-service kiosks, digital signage, unattended payment systems, and interactive technology. He manages content and industry strategy for Kiosk Industry and The Industry Group, with a focus on kiosk software, hardware-software integration, accessibility, payment compliance, healthcare kiosks, restaurant self-service, and emerging AI automation. Craig has covered the self-service and kiosk industry since the 1990s, tracking how public-facing terminals move from concept to field deployment. His work combines industry research, vendor analysis, operator conversations, standards tracking, trade show coverage, and practical experience with the real-world constraints of kiosk deployments. https://www.linkedin.com/in/kiosk