From layoffs in its health unit to developing new technology for hospital-at-home care, here is a look at four of Best Buy’s healthcare moves as reported by Becker’s since March:
- Per a July 8 WARN notice, Best Buy Health plans to lay off 161 staffers. The company said the employees, based in Carlsbad, Calif., would be laid off Sept. 12.
- In June, Best Buy sold Current Health, a remote patient monitoring company it bought in 2021 for $400 million. Current Health co-founder Christopher McGhee reacquired the company from the tech retailer.
- In May, Best Buy reported $109 million in charges for the first quarter, primarily tied to the restructuring of its Best Buy Health division.
- In March, Somerville, Mass.-based Mass General Brigham reported working with Best Buy Health to advance technology for hospital-at-home care. The health system and tech retailer are developing a care orchestration platform, set to go live in one of Mass General Brigham’s hospital-at-home regions in the spring then another in the summer before being made available to the public.
