Best Buy to buy health services company GreatCall for $800 million
(Reuters) – Best Buy Co Inc said on Wednesday it would buy health services provider GreatCall Inc for $800 mln in cash, adding a clutch of products tailored for aging consumers.
The No. 1 U.S. consumer electronics retailer currently sells health and wellness-related products and has been shoring up on health-related assets focused on the aging U.S. population.
Privately-held GreatCall focuses on personal emergency response services for senior citizens and has over 900,000 paying subscribers, Best Buy said.
Reporting by Tamara Mathias in Bengaluru; Editing by Sriraj Kalluvila