Current Health, a leading care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organisations, has become Europe’s second-largest digital health exit following its acquisition by US-based consumer electronics retailer Best Buy – after announcing a value of approximately USD400 million in yesterday’s earnings call.
The acquisition follows a USD11.5 million (GBP9 million) Series A funding round in 2019 led by MMC Ventures – which has invested in the business since July 2018 and participated pro rata in the USD40 million US Series B earlier this year.
The Series B round provided USD40 million from US healthcare VCs and existing investors to fund the company’s accelerating growth – with Best Buy approaching the company soon after.
Read more/Source: Private Equity Wire
