Best Buy Acquires UK's Current Health

The care-at-home platform specializes in remote patient monitoring and telehealth.

Best Buy announced Tuesday that it will buy Current Health, a Scotland-based patient monitoring and telehealth platform, further expanding the retailer's stake in the healthcare sector.

Terms of the pending sale were not disclosed.

Best Buy says that the increasing reliance upon the consumer-friendly technology that the Minnesota-based retailer sells will play a critical role in the expansion of telehealth.

"The future of consumer technology is directly connected to the future of healthcare," Deborah Di Sanzo, president of Best Buy Health, said in a media release.

"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," Di Sanzo said.

The deal marks another incursion into the healthcare space by Best Buy, which in August 2018 acquired seniors-focused emergency response provider GreatCall in an $800 million deal, and in 2019 acquired Critical Signals Technologies, a Michigan-based remote monitoring service.

Leveraging clinical algorithms that can be tailored to the individual patient, Current Health claims its technology can identify when a patient needs clinical attention, allowing providers to manage care remotely or coordinate in-home care using its integrated service partners.

"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," said Current Health CEO Christopher McCann.