Mario Aguilar covers technology in health care, including artificial intelligence, virtual reality, wearable devices, telehealth, and digital therapeutics. His stories explore how tech is changing the practice of health care and the business and policy challenges to realizing tech’s promise. He’s also the co-author of the free, twice weekly STAT Health Tech newsletter . You can reach Mario on Signal at mariojoze.13.

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This week, Best Buy‘s home health subsidiary Current Health revealed it was once again an independent company run by cofounder Chris McGhee, who left the company in 2024. McGhee told me he plans to focus Current on home hospital offerings and other high-acuity care opportunities, and to move the company toward profitability. Details of the deal were not specified and McGhee declined to discuss them.

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Best Buy acquired Current Health for about $400 million in late 2021 at a time when many large companies far afield from health care were looking for ways to capitalize on the enthusiasm around health technology. Current’s prospects looked very good as the number of hospital-at-home programs had grown significantly following a 2020 Medicare waiver that allowed hospitals to bill this care like an ordinary impatient visit.