Among the year’s most notable developments in the home-based care dealmaking space was Best Buy’s (NYSE: BBY) decision to sell its home-focused telehealth company Current Health. Now, the company is opening up about stepping away from its care-at-home initiatives through Best Buy Health. One of Best Buy’s fiscal strategic priorities for 2026 is identifying areas […]
Best Buy
Best Buy (NYSE: BBY) has sold its home-focused technology company, Current Health, back to the company’s co-founder and former CEO, Christopher McGhee. The sale comes less than four years after Best Buy acquired the company. In a statement released Tuesday, McGhee confirmed his return as CEO of Current Health. He said he plans to build […]
Best Buy (NYSE: BBY) reported significant restructuring costs in Q1 as it overhauled its health care business, which is experiencing slower-than-expected performance in its home-based care division. The company spent $109 million in restructuring charges during the first quarter, largely tied to the restructuring initiative in its Best Buy Health business, according to the company’s […]
While many other retail giants have pulled back on their recent forays into health care, Best Buy (NYSE: BBY) is continuing to push forward though its Best Buy Health business – with home-based care being a cornerstone of the strategy. Last week, health care leaders from Baptist Health South Florida and Mass General Brigham appeared […]
At a time when more health care organizations are launching hospital-at-home programs, operators in this space need to educate their clinicians to expect data variations. This is one of the key takeaways from a recent whitepaper released by Best Buy Health. The whitepaper distills Best Buy Health’s years of experience implementing remote patient monitoring (RPM) […]
Health care is hard – an idea reinforced this week when Walmart (NYSE: WMT) announced the abandonment of its previously grand health care ambitions. There may be a day when the country’s largest retailers, including Walmart, become major players in home-based care delivery, but today is not that day. And other recent developments suggest tomorrow […]
Best Buy Health is teaming up with yet another health system to help augment home-based care services. What’s of note, however, is that in Best Buy Health’s partnership with Mass General Brigham, it will also be aiding in the Medicare-certified home health arena. The two organizations announced the collaboration Wednesday. In addition to a home […]
Walgreens Boots Alliance (Nasdaq: WBA) has invested a boatload of money into health care services and home-based care over the last three years. On Oct. 23, however, it will have a new leader. That change could affect the retailer’s home-based care plans, but maybe not in the way some expect. If anything, Walgreens will be […]
Best Buy (NYSE: BBY) is growing its at-home care efforts once again, this time through an expansion of its partnership with Geisinger Health System. In July of 2022, Best Buy began leveraging its Geek Squad to help Geisinger better care for chronically ill patients in the home. Geisinger’s ConnectedCare365 initiative was first launched in 2021, […]
As its core business lines struggle, Best Buy (NYSE: BBY) is banking on its home-based health care investments – in part – to drive better financial performance moving forward. It has been inching its way toward home-based care for years now. But it really dove in when it acquired the at-home care tech platform Current […]
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