Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Best Buy is known to be an electronics retailer in the U.S., but it has started getting into the healthcare business in recent years. Now it is buying the UK-based firm, Current Health, to further expand its strategy in this field.
Best Buy was said to have agreed to purchase Current Health, the leading remote patient monitoring platform, combining ICU-accurate wearable monitoring, precise early warning alerts, and video visits in the U.K., and this was revealed on Tuesday, Oct. 12. Then again, the financial terms of the acquisition deal were not disclosed to the public.
According to CNBC, it was stated in the filing with the U.S. Securities and Exchange Commission that the Richfield, Minnesota headquartered consumer electronics retailer is expecting the deal to close by the end of the fiscal year.
With its acquisition, Best Buy is apparently pushing itself further into the health care trade. It was mentioned that the company’s chief executive officer, Corie Barry, believes that this line of business offers enormous growth opportunities. Thus, it is no wonder that the company is making these strategic steps.
It was reported that Barry also mentioned some trends that work in Best Buy’s favor, like the healthcare industry’s requirement for cost management, the wish of most baby boomers to retire and age at home, and the popularity of devices such as smartwatches that can track people’s health.
“The future of consumer technology is directly connected to the future of healthcare,” Best Buy Health president, Deborah Di Sanzo, said in a press release. “We have the distinct expertise in helping customers make technology work for them directly in their homes and by combining Current Health’s remote care management platform with our existing health products and services, we can create a holistic care ecosystem that shows up for someone across all of their healthcare needs.”
In addition, the CEO of Current Health, Christopher McCann, said that they are excited to join hands with Best Buy in providing the best, safest, and effective healthcare in homes worldwide.
Meanwhile, Best Buy already owns some businesses related to the health care sector. In 2018, it acquired GreatCall for $800 million to provide emergency response services for the aged. It also bought Critical Signal Technologies in 2019 to offer services dedicated to the senior population.
