Best Buy spends $400M on Current Health and its digital health tech

Current Health’s platform includes an FDA-cleared wearable vital signs monitor, as well as a home hub. [Image courtesy of Current Health]Best Buy (NYSE: BBY) recently confirmed that it spent $400 million to acquire Current Health as it continues to offer more digital health products.

Current Health (Boston and Edinburgh, Scotland) is the creator of a remote patient monitoring platform that allows physicians to monitor and connect with patients in their homes. Its platform includes an FDA-cleared wearable vital signs monitor, as well as a home hub. The hub can integrate into hundreds of other monitoring devices as well as a person’s electronic health record.

“With their remote monitoring platform, combined with the scale, expertise, and connection to the home that Best Buy has, we will be able to create a holistic care ecosystem that shows up for customers across all their healthcare needs,” Best Buy CEO Corie Barry said during a November 23…

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