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In The News

Best Buy Acquires Senior-Focused Device Maker for $800 Million

August 14, 2018

remote health monitoring

independent living

connected health devices

Companies such as Google, Microsoft Corp. and Samsung Electronics Co. are also competing for the market, fueled by compelling demographics. By 2020 about 45 million Americans will be caring for 117 million seniors, spending on everything from food delivery to safety and health monitors. Research by the AARP and consultants Parks Associates found that caregivers will spend an average of $509 annually for each person they tend to by 2021, a 69 percent increase from 2016.

From the article "Best Buy Acquires Senior-Focused Device Maker for $800 Million" by Matthew Boyle.

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Patrice Samuels, senior analyst at Parks Associates, a market research company specializing in emerging consumer technology products and services, said demand for traditional technology support, like...

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