Best Buy Sees Growth in Healthcare Technology for Older Adults

Best Buy announced that it hopes to provide 5 million seniors with health monitoring services within five years, up from 1 million currently, reports ABC News . This effort aligns with the retailer's goal of collecting $50 billion in annual revenue by 2025. Best Buy has been making acquisitions to own a bigger slice of the healthcare business, procuring Critical Signal Technologies in May and adding personal emergency response systems and telehealth monitoring services for at-home seniors to its repertoire. Two months later Best Buy bought the BioSensics predictive healthcare technology business, while in 2018 it purchased GreatCall, a provider of emergency response devices for older adults. Best Buy Health Director Asheesh Saksena said pendants using certain algorithms can monitor how a senior is walking and forecast the risk of falling. Meanwhile, sensors on refrigerators detect how often the appliance is being used, and prompt a call by GreatCall agent to see whether that senior has been eating.