Best Buy restructures health biz amid margin pressure
By HME News Staff
Updated 10:09 AM CDT, Tue June 3, 2025
MINNEAPOLIS – Best Buy initiated a major restructuring effort within its health business in the first quarter of fiscal year 2026, incurring $109 million in restructuring charges.
These charges primarily stem from asset impairments and related costs, signaling a strategic shift as the company navigates challenges in the health care market.
Best Buy’s growing footprint in health care
In recent years, Best Buy has expanded aggressively into the health care technology space, forming strategic partnerships with leading health systems such as Mass General Brigham, Geisinger and Atrium Health. These collaborations aim to integrate consumer technology with clinical care, enhancing remote patient monitoring and in-home health services.
The company also recently began offering Dexcom G7 continuous glucose monitors (CGMs) through its online platform, further solidifying its role in the digital health and wellness market.
Industry reactions and strategic moves
Industry observers and stakeholders have been closely watching Best Buy’s health care strategy. According to a recent HME Newspoll, reactions to Best Buy’s partnerships and its acquisition of Current Health have been mixed, reflecting both optimism and caution about the retailer’s long-term role in health care delivery.
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