Best Buy Sells Current Health
- Best Buy is divesting Current Health as it recalibrates its healthcare strategy.
- Christopher McGhee,a co-founder of Current Health,will reassume the role of CEO. Stewart Whiting and other former team members are also returning to the company.
- Current Health has partnered with major health systems, including Mass General Brigham, Geisinger, and Atrium Health, to bolster their home care programs.
Best Buy is selling Current Health and shifting its healthcare strategy. Christopher McGhee returns as CEO, signaling a renewed focus, with over 70,000 patients utilizing Current Health’s platform.The company’s commitment to home healthcare is strong, and they’ve partnered with major health systems, including Mass General Brigham. Best Buy will now concentrate on senior support through its Lively brand. Retailers, including Walmart and Walgreens, are reevaluating healthcare investments, impacted by financial pressures. News Directory 3 provides thorough coverage of this evolving market. The industry views the trend of transitioning care to home settings as vital. What role will Current Health play in the future, and how will Best Buy’s strategic changes unfold? Discover what’s next in the dynamic world of healthcare.
Best Buy Sells Current Health, Shifts Focus to senior Support
Best Buy is divesting Current Health as it recalibrates its healthcare strategy. The move comes as other major retailers also scale back aspiring forays into the healthcare sector.
Christopher McGhee,a co-founder of Current Health,will reassume the role of CEO. Stewart Whiting and other former team members are also returning to the company. McGhee stated that Current Health has served over 70,000 patients, with a important portion of U.S. hospital-at-home patients using its platform.
Current Health has partnered with major health systems, including Mass General Brigham, Geisinger, and Atrium Health, to bolster their home care programs. McGhee believes the industry is still in the early stages of transitioning care to home and community settings.
“I came back to build Current Health into a globally significant company. We have so much to do, and the story is not finished,” McGhee said on LinkedIn. “The future of healthcare is in the home and the community, and we have a role to play in that conversion.”
Best Buy said it will ensure a smooth transition in the coming months. The company’s health division will now concentrate on its Lively senior support brand and emergency response devices.
CEO Corie Barry noted that while some parts of Best Buy’s health segment are thriving, the in-home health business faced challenges in scaling, partly due to financial pressures on providers and uncertainty surrounding the federal hospital-at-home waiver.
Walmart closed its health clinics and sold telehealth assets last spring, citing reimbursement challenges and rising costs.Walgreens is also reportedly considering selling its stake in VillageMD after significant investments.
What’s next
Current Health, under McGhee’s leadership, aims to expand its role in the evolving landscape of home-based healthcare, while Best Buy refocuses on its active aging and senior support services.
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