Best Buy Reaps Benefits from $800 Million GreatCall Acquisition

Retail giant Best Buy (NYSE: BBY) turned heads in August 2018 when it purchased GreatCall — a company that develops and sells smartphones, medical alert devices and other technology products designed to support older adults’ ability to age in place — for $800 million. At the time, the major investment was billed as a way […]

The Top Trends in Home Health Care for 2019

2018 was a banner year for the Medicare-certified home health care industry. Big providers got even larger through creative mergers and acquisitions. Admissions and utilization numbers held strong. New telehealth opportunities started to emerge. And, in general, revenues remained high. The upcoming year brings much uncertainty, however, with the main culprit being the Patient-Driven Groupings […]

GreatCall, Lyft Take Aging in Place Transportation Program Nationwide

The vast majority of America’s older adults hope to remain in their homes and communities as they age. That’s often only possible, however, when they are able to independently leave their homes when needed. To help them do so, San Diego-based GreatCall, a wholly owned subsidiary of Best Buy (NYSE: BBY), is ramping up its […]

How Apple’s New Smartwatch Could Help Home-Based Care Providers

Technology powerhouse Apple (Nasdaq: AAPL) on Wednesday gave tech lovers a peek at its redesigned and re-engineered Apple Watch product. By touting the device’s updated health capabilities, such as a new fall-detection feature and heart rate sensor, Cupertino, California-based Apple likely caught the attention of home-based care providers, too. Curbing re-hospitalizations and emergency department visits […]

Best Buy Continues Senior Tech Push with $800M GreatCall Acquisition

Making moves to become a larger force in aging-in-place technology, retail giant Best Buy (NYSE: BBY) has agreed to acquire GreatCall for $800 million in cash. GreatCall has developed and sells senior-friendly smartphones, smartwatches, medical alert devices and other technology to support and extend older adults’ independence. “[Best Buy] has recently been investing in health-related […]

Business Briefs: GTCR to Buy GreatCall

GTCR to Buy GreatCall GTCR, a private equity firm headquartered in Chicago, plans to buy connected health company GreatCall, according to a press release. San Diego-based GreatCall is the largest provider of connected health and personal emergency response services for active aging and serves over 800,000 subscribers across the U.S. The company’s product portfolio includes hardware […]

Business Briefs: GreatCall Acquires Healthsense

GreatCall Acquires Healthsense Connected health company GreatCall Inc. has announced the acquisition of Healthsense, which provides remote monitoring services for seniors. The acquisition will help GreatCall seniors find connected health services in senior living and health care. “As GreatCall continues to expand in these key markets, Healthsense is a natural fit—with our mission of increasing […]