Best Buy to acquire Current Health

Best Buy has signed an agreement to acquire care-at-home technology platform Current Health, which brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations.

Founded in 2015, Current Health’s platform enables healthcare organizations to deliver care at a lower cost. The company integrates patient-reported data with data from biosensors – including their own continuous monitoring wearable device – to provide healthcare organizations with insights into the patient’s condition. Current Health identifies when a patient needs clinical attention, allowing organizations to manage patient care remotely or coordinate in-home care via its integrated service partners.

Current Health has raised around $90 million and is backed by Legal & General.

“The future of consumer technology is directly connected to the future of healthcare. We have the distinct expertise in helping customers make technology work for them directly in their homes and by combining Current Health’s remote care management platform with our existing health products and services, we can create a holistic care ecosystem that shows up for someone across all of their healthcare needs.” – Deborah Di Sanzo, president of Best Buy Health.

“Over the coming decade, significantly more healthcare can be delivered in the home. We started Current Health to make that exciting transition radically easier for healthcare providers to achieve. Best Buy has unparalleled physical reach, world-class supply chain logistics, and trusted support services–allowing us to provide a high-touch consumer experience, at scale. We’re excited to join with Best Buy Health to move safe and effective healthcare into the home globally.” – Christopher McCann, CEO of Current Health.