Best Buy is betting big on healthcare as it strikes deals with some of the nation's largest hospital systems.
The company is partnering with several health systems, including Advocate Health, Geisinger Health and Mount Sinai Health System to expand its at-home care technology platform Current Health, which it acquired for $400 million in late 2021.
"We are excited about the momentum of care at home, but it is still a nascent emerging part of the healthcare industry," CEO Corie Barry said on an earnings call with investors last week. "We are essentially nurturing a start-up within a large-scale organization and leveraging Best Buy's core assets, including the Geek Squad, to incubate a new business."
