Best Buy (NYSE: BBY) announced Tuesday that it is set to acquire Current Health, a leading remote healthcare technology platform, which helps with patient monitoring and telehealth.<\/p>\n\n\n\n
\u201cThe 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\u2019s 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.\u201d<\/p>Deborah Di Sanzo, President of Best Buy Health<\/em><\/cite><\/blockquote>\n\n\n\nFinancial details regarding the agreement have yet to be disclosed. However, according to a filing with the U.S. Securities and Exchange Commission, the electronics retailer expects the deal to close by the end of the fiscal year.<\/p>\n\n\n\n
Move into Healthcare<\/h5>\n\n\n\n
Amid the novelty, Best Buy is moving more towards the healthcare industry, a move CEO Corie Barry identifies as a growth opportunity. Barry has hinted to various positives regarding the health-care industry such as the eagerness baby boomers have to age from home as well as the health-care industry\u2019s urgency to stabilize costs.<\/p>\n\n\n\n
\u201cOver 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\u2013allowing us to provide a high-touch consumer experience, at scale. We\u2019re excited to join with Best Buy Health to move safe and effective healthcare into the home globally.\u201d<\/p>Christopher McCann, CEO of Current Health<\/cite><\/blockquote>\n\n\n\nBest Buy shares rose over 1% during premarket trading.<\/p>\n","protected":false},"excerpt":{"rendered":"Best Buy (NYSE: BBY) announced Tuesday that it is set to acquire Current Health, a leading remote healthcare technology platform, which helps with patient monitoring and telehealth. \u201cThe 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… View Article<\/a>","protected":false},"author":3,"featured_media":17619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,11,7,16],"tags":[],"acf":[],"yoast_head":"\nBest Buy Prepares to Acquire Current Health - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/best-buy-prepares-to-acquire-current-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Buy Prepares to Acquire Current Health - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Best Buy (NYSE: BBY) announced Tuesday that it is set to acquire Current Health, a leading remote healthcare technology platform, which helps with patient monitoring and telehealth. \u201cThe future of consumer technology is directly connected to the future of healthcare. 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