MedAvail’s Business Combination With MYOS RENS Technology


Wilson Sonsini Goodrich & Rosati advised MedAvail on the deal.

MedAvail, Inc., a healthcare technology company that embeds pharmacy services directly into clinics and other points of care, announced the completion of its previously announced business combination with MYOS RENS Technology, Inc., an advanced nutrition company focused on improving muscle health.

Under the terms of the merger agreement, which was previously announced on June 30, 2020, a wholly owned subsidiary of MYOS merged with and into MedAvail, with MedAvail becoming the surviving corporation and a wholly owned subsidiary of MYOS. The combined company will focus on the MedAvail business and its shares will trade on the Nasdaq Capital Market under the new trading symbol “MDVL.” The current MYOS RENS muscle health business will be spun off as a private unaffiliated company.

MedAvail currently deploys its MedCenter solution through two distinct commercialization channels: its SpotRx full-service retail pharmacy platform in the United States and its technologies channel in which it sells its MedCenter kiosk and licenses its proprietary software to large retailers and health systems. SpotRx currently has over 40 clinics deployed across Arizona and California.

The Wilson Sonsini team was led by Philip Oettinger (Picture), Eric Hsu,Ryan Greecher, Joseph Chu, Brian Currie, Jeffrey You, Gregory Broome, Andrew Bryant, Jessica Yeh, Joshua Gruenspecht, David Hoffmeister, Eva Yin, Scott McCall, Michael Klippert, Katherine Henderson, Luke Liss, Ethan Lutske and Ross Tanaka.

Involved fees earner: Gregory Broome – Wilson Sonsini Goodrich & Rosati; Andrew Bryant – Wilson Sonsini Goodrich & Rosati; Joseph S. Chu – Wilson Sonsini Goodrich & Rosati; Brian Currie – Wilson Sonsini Goodrich & Rosati; Ryan Greecher – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Katherine Henderson – Wilson Sonsini Goodrich & Rosati; David Hoffmeister – Wilson Sonsini Goodrich & Rosati; Eric Hsu – Wilson Sonsini Goodrich & Rosati; Michael Klippert – Wilson Sonsini Goodrich & Rosati; Luke Liss – Wilson Sonsini Goodrich & Rosati; Ethan Lutske – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; Philip Oettinger – Wilson Sonsini Goodrich & Rosati; Ross Tanaka – Wilson Sonsini Goodrich & Rosati; Jessica Yeh – Wilson Sonsini Goodrich & Rosati; Eva Yin – Wilson Sonsini Goodrich & Rosati; Jeffrey You – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: MedAvail;

Author: Ambrogio Visconti