Best Buy has signed a
deal to acquire connected health company GreatCall for $800 million.
GreatCall’s focus is on serving the aging population and has 900,000 paying subscribers with revenue of $300 million.
It offers a combination of mobile products and connected devices targeted to older consumers.
The company also has a one-touch connection to agents who can connect the user to family
caregivers or dispatch emergency personnel.
“We know technology can improve the quality of life of the aging population and those who care for them,” stated Hubert Joly, chairman
and CEO of Best Buy. “Now, we have a great opportunity to serve the needs of these customers by combining GreatCall’s expertise with Best Buy’s unique merchandising,
marketing, sales and services capabilities. We are excited by the opportunities in the health space and the strengths we can bring to bear in this area, especially our experience with technology
and serving customers in their home.”
Best Buy already sells health and wellness products and has been investing in health-related initiatives focused on the aging population.