Best Buy is another large corporation trying to make a bet on health care, in this case largely by providing remote patient monitoring services. The company made yet another significant acquisition in the space, buying Current Health.
Money streams in to Flo, which sells an app for women to track menstrual cycles, etc. Investors hope they won't be left up a creek. $100 million in financing that is highly unlikely to ever generate a return.
We will see how devoted to investors Medicare Advantage plan company Devoted Health will be. The valuation insanity continues as this company going into an incredibly competitive market, against people like UnitedHealth and Humana, raises $1.2 billion in new capital at an $11 billion valuation. Literally crazy.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at [email protected].