---
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"
generated_at: "2026-06-16T06:20:35.153224+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MedAvail cuts 27% of staff, expects $1.8-2.0M annual savings

## Summary
- 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.

## SEC filing metadata
- accession: 0001402479-23-000035
- form_type: 8-K
- cik: 0001402479
- company_name: MedAvail Holdings, Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402479-23-000035
- JSON: https://secwatch.observer/filing/0001402479-23-000035.json
- Plain text: https://secwatch.observer/filing/0001402479-23-000035.txt

## Key facts
- Restructurings & Charges
  MedAvail Holdings, Inc. announced a restructuring (approximately 27% of the Company’s current full-time employees).
  - Type: restructuring
  - Headcount: approximately 27% of the Company’s current full-time employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1402479/000140247923000035/0001402479-23-000035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.