{"schema_version":"secwatch.filing_event.v1","accession":"0001402479-23-000035","form_type":"8-K","ticker":null,"cik":"0001402479","company_name":"MedAvail Holdings, Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.714244+00:00","generated_at":"2026-06-16T06:20:35.153224+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MedAvail cuts 27% of staff, expects $1.8-2.0M annual savings","bullets":["Approximately 27% of full-time employees terminated effective April 28, 2023.","Reduction completed on April 27, 2023; employees notified same day.","Expected annualized operating expense savings of $1.8M to $2.0M vs. full year 2022.","Reduction aims to streamline operations and focus on pharmacy technology business."],"urls":{"canonical":"https://secwatch.observer/filing/0001402479-23-000035","json":"https://secwatch.observer/filing/0001402479-23-000035.json","markdown":"https://secwatch.observer/filing/0001402479-23-000035.md","text":"https://secwatch.observer/filing/0001402479-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402479/000140247923000035/0001402479-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402479/000140247923000035/medavail-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:20:35.153224+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bc588b6360aba85ccc5510d098a4f18bc83f5c86","claim":"MedAvail Holdings, Inc. announced a restructuring (approximately 27% of the Company’s current full-time employees).","evidence_excerpt":"On April 27, 2023, MedAvail Holdings, Inc. (the “Company”) completed an additional reduction in force (the “Reduction”), in which approximately 27% of the Company’s current full-time employees were immediately terminated, effective April 28, 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402479/000140247923000035/0001402479-23-000035-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Headcount","value":"approximately 27% of the Company’s current full-time employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}