“Over the last 18 months, we’ve seen patients quickly adopt telehealth as a supplemental aspect of service, allowing them to receive necessary monitoring, diagnosis and treatment that was previously inaccessible or completely unfamiliar,” Mark Thomas, a partner at M&A Healthcare Advisors told McKnight’s Home Care Daily Pulse.
McKnights Home Care | Diane Eastabrool
Move over, Amazon and Verizon. Another major consumer goods company, Best Buy, is jumping headlong into telehealth. And its latest addition of Current Health to its health division is a sign the home health space will become more crowded and diverse, according to a mergers and acquisitions expert.
“Over the last 18 months, we’ve seen patients quickly adopt telehealth as a supplemental aspect of service, allowing them to receive necessary monitoring, diagnosis and treatment that was previously inaccessible or completely unfamiliar,” Mark Thomas, a partner at M&A Healthcare Advisors told McKnight’s Home Care Daily Pulse. “Whether it be convenience, safety or preference by the patient, it is clear that quality of home-based services continues to improve while the demand for such makes the choice for at-home-care easier and easier.”
Best Buy announced Tuesday it had inked a deal at an undisclosed price to buy Boston-based Current Health, a remote patient monitoring and telehealth firm.