Best Buy Sells Current Health – Co-Founder Buyback
Best Buy has sold Current Health back to its co-founder, Christopher McGhee, changing the trajectory of its healthcare strategy. McGhee, now back as CEO, plans to build Current Health into a global healthcare leader, emphasizing remote care management and expanding its reach in the at-home care sector. The move reflects a shift in Best Buy’s focus after facing challenges with its home-based care division, as highlighted in recent financial reports.The Current Health platform, with tools for telehealth and patient engagement, has already played a role in helping over one-third of U.S. hospital-at-home patients. Read the News Directory 3 report to understand how unexpected hurdles in Best Buy’s healthcare arm impacted the company. Discover what’s next for Current Health.
Best Buy Sells Current Health Back to Founder Christopher McGhee
Best Buy Co. Inc. has divested Current Health, its home-based technology arm, back to christopher McGhee, the company’s co-founder and former CEO. The move comes less than four years after Best Buy acquired Current Health, signaling a shift in the retailer’s healthcare strategy.
McGhee confirmed his return as CEO, stating his ambition to develop Current Health into a leading global health care organization. the company indicated the ownership change would bring a renewed focus on agility and entrepreneurial drive.The goal is to improve remote care management.
“I came back to build Current Health into a globally significant company,” McGhee said. ”We have so much to do, and the story is not finished. The future of healthcare is in the home and the community,and we have a role to play in that transformation.”
Current Health, based in Boston, offers health care providers a platform that includes telehealth, remote care management, and patient engagement tools tailored for in-home care. The platform supports hospital-at-home programs and oncology-at-home services.
According to a statement, Current Health’s platform has facilitated care for over one-third of U.S. patients experiencing hospital-at-home services. The company expressed pride in its accomplishments and enthusiasm for its next phase.
Best Buy Health, a Best Buy subsidiary, provides virtual care, consumer health products, and emergency response services. In 2018,Best Buy acquired GreatCall,a provider of health and emergency services for seniors,for $800 million.
Though, Best Buy’s recent financial reports indicated underperformance in its home-based care division. The company incurred $109 million in restructuring charges during the first quarter of 2025, largely related to its health care business. CEO Corie Barry noted that the at-home care segment faced unexpected developmental hurdles.
Barry cited slower adoption of hospital-at-home solutions and financial challenges among health care providers as contributing factors. She said the company is working to optimize its health care operations.
What’s next
McGhee’s return signals a renewed focus on Current Health’s core mission of transforming healthcare delivery in the home. The company aims to expand its reach and impact in the evolving landscape of at-home care.