Medly Health Inc.

  1. April 25, 2023

    Medly Health Switches To Ch. 7 As Cash Runs Dry

    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.

  2. February 07, 2023

    Medly Health Cleared For $19.35M Ch. 11 Sale To Walgreens

    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.

  3. December 13, 2022

    Medly Health Gets OK To Tap $4M In Ch. 11 Financing

    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.

  4. December 12, 2022

    Medly Health Files For Ch. 11 With Plans To Sell 22 Stores

    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.