HIStalk News – June 27, 2025
- Best Buy is selling Current Health, a remote patient monitoring technology company, back to its co-founder and CEO, Christopher McGhee, formerly known as Christopher McCann.
- Best Buy acquired current Health in October 2021 for $400 million.
- Several former Current executives will rejoin him at the company.
Best Buy has offloaded Current Health, its remote patient monitoring venture, back to the companyS original co-founder, Christopher McGhee. the move signals a strategic pivot following challenges within their in-home healthcare initiatives and significant financial losses. This progress, revealed today, highlights a major shift in strategy with Best Buy focusing its resources elsewhere. McGhee, who previously led Current Health, is now back at the helm, accompanied by several former executives, promising a renewed focus on remote patient monitoring solutions, a key area within the broader healthcare technology landscape. This news is just one of the many stories you can find in News Directory 3. Discover what’s next for the industry.
Best Buy Sells Current Health Back to Co-Founder
Updated June 27, 2025
Best Buy is selling Current Health, a remote patient monitoring technology company, back to its co-founder and CEO, Christopher McGhee, formerly known as Christopher McCann. The move comes after Best Buy struggled with its in-home healthcare business.
Best Buy acquired current Health in October 2021 for $400 million. Since then, the company has faced challenges, including write-downs totaling nearly $600 million this year.
McGhee departed Best Buy in March 2024. Several former Current executives will rejoin him at the company. Best Buy’s CEO noted in a recent earnings call that the hospital-at-home solutions business was progressing slower than anticipated.
What’s next
The sale marks a critically important shift in Best Buy’s healthcare strategy as it refocuses its efforts. McGhee’s return to Current Health signals a renewed focus on remote patient monitoring.