Co-founder Buys Back Current Health From Best Buy

Best Buy, which acquired hospital-at-home solution provider Current Health in 2021 for $400 million, has sold the company back to one of its original co-founders Chris McGhee for an undisclosed sum. 


Best Buy’s Current Health division counted many large health systems among its customers including Mass General Brigham and Atrium Health. The company says that more than one-third of all patients in the U.S. who have had a hospital-at-home experience have been cared for through the Current Health platform.

On the company website, McGhee said he is returning as CEO & Co-Founder and that a number of former members of his team, including co-founder Stewart Whiting, are also returning.  

McGhee noted that compared to when the company was founded in 2014, many more patients across the U.S. now have access to healthcare outside the hospital. “That’s because of passionate clinicians and leaders across the U.S. driving change, and I am immensely proud that Current Health has played a role in this. But, ultimately we are still in the early innings of the shift from hospital-based care to home and community-based care. There’s much more to do and Current Health has much more to give.”

Home Health Care News reported that recently Best Buy’s home-based care division, which included Current Health and other subsidiaries, had shown signs of underperformance. The company spent $109 million in restructuring charges during the first quarter of 2025, largely tied to its healthcare business.

One issue has been that funding for the hospital-at-home waiver program has been approved in six-month chunks by Congress with providers having no guarantee of payment permanence. Advocates for the programs have urged Congress to commit to a 5-year extension of the waiver.