STAT+: After Best Buy sale, what’s next for Current Health
In this edition of STAT's Health Tech newsletter: A closer look at Best Buy selling Current Health, and more health tech news.
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This week, Best Buy‘s home health subsidiary Current Health revealed it was once again an independent company run by cofounder Chris McGhee, who left the company in 2024. McGhee told me he plans to focus Current on home hospital offerings and other high-acuity care opportunities, and to move the company toward profitability. Details of the deal were not specified and McGhee declined to discuss them.
Best Buy acquired Current Health for about $400 million in late 2021 at a time when many large companies far afield from health care were looking for ways to capitalize on the enthusiasm around health technology. Current’s prospects looked very good as the number of hospital-at-home programs had grown significantly following a 2020 Medicare waiver that allowed hospitals to bill this care like an ordinary impatient visit.
