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Best Buy to buy health services company GreatCall for $800 million

Key Points
  • Best Buy said on Wednesday it would buy health services provider GreatCall Inc for $800 million in cash, adding a clutch of products tailored for aging consumers.
  • Privately-held GreatCall focuses on personal emergency response services for senior citizens and has over 900,000 paying subscribers, Best Buy said.

Best Buy said on Wednesday it would buy health services provider GreatCall Inc for $800 million 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.