Pharmaca parent Medly files for bankruptcy
BOULDER and WILMINGTON, Delaware – Medly Health Inc., parent company of Boulder-based Pharmaca Integrative Pharmacy Inc., has filed for Chapter 11 bankruptcy protection.
The filing was made Friday in the U.S. Bankruptcy Court for the District of Delaware in Wilmington. The filing requests that bankruptcy petitions for Medly Health and 31 of its affiliates, including Pharmaca, be jointly administered in the petition.
Medly Health reported more than $110 million in secured debt and is seeking the court’s permission to sell its 22-store Pharmaca businesses. The filing listed both assets and liabilities of between $100 million and $500 million.
Brooklyn, New York-based Medly Pharmacy …
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