Best Buy Signs $800 Million Deal to Buy Provider of Connected-Health Services
Best Buy signed a definitive agreement to buy GreatCall for $800 million cash, said the retailer Wednesday. GreatCall provides connected-health and personal emergency response services to the elderly and has more than 900,000 paying subscribers, it said. It's “a large,…
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growing market where technology can help in particular address the needs of aging consumers, their caregivers, payers and providers,” it said. The GreatCall buy will "augment" Best Buy's “growing business selling health- and wellness-related products,” it said.