Best Buy acquires Current Health for US$ 400 million as it ramps up healthcare strategy

UNITED KINGDOM – According to Best Buy’s most recent quarterly earnings, the company has spent nearly US$400 million to acquire remote patient monitoring technology vendor Current Health. Best Buy announced the all-cash acquisition of Current Health last month but did not disclose financial terms. During an earnings call this week, Current Health confirmed the valuation, which makes it Europe’s second-largest digital health exit. The medtech company, founded in Scotland in 2015 by CEO Christopher McCann and CTO Stewart Whiting, combines remote patient monitoring, telehealth, and patient engagement into a single…

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Diabetes tech market continues to witness an upward trend as more companies are coming up with new innovations

US – Despite the volatility of last year’s economy due to the corona virus pandemic, diabetes technology companies experienced tremendous success. Analysts have been bullish on the market as companies target new patient populations and major product launches have been planned for 2021 with clinicians approving of the same. Recent surveys of healthcare professionals projecting both the use of continuous glucose monitors and insulin pumps to jump in the coming years. While continuous glucose monitoring (CGMs) and insulin pumps are the primary devices in diabetes tech, the space is also…

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