April 25, 2023
A Delaware bankruptcy judge Tuesday ordered Medly Health Inc.'s Chapter 11 bankruptcy converted to a court-supervised Chapter 7 liquidation after hearing the company is down to its last $2 million in assets and can't afford the costs of its final wind-down.
February 07, 2023
A Delaware bankruptcy judge on Tuesday approved the acquisition of Medly Health Inc.'s assets by national pharmacy chain Walgreens in a $19.35 million deal reached after the buyer topped the offer of a stalking horse bidder at an auction last week.
December 13, 2022
A Delaware bankruptcy judge Tuesday gave specialty pharmacy Medly Health Inc. permission to begin drawing on $4 million in Chapter 11 financing despite concerns the loan requires the company to close on millions in asset sales before the year ends.
December 12, 2022
Specialty pharmacy Medly Health Inc. filed for Chapter 11, reporting more than $110 million in secured debt and seeking a Delaware bankruptcy court's permission to sell its 22-store Pharmaca business line as a going concern.