Best Buy took a $192 million accounting loss after ending its hospital-at-home partnerships with health systems.
The tech retailer recorded the pretax, noncash asset impairments related to Best Buy Health in the third quarter of fiscal 2026, according to a Nov. 25 earnings report.
“The impairments were prompted by a change in Best Buy Health’s customer base during the quarter and reflect downward revisions in our long-term projections, in part due to pressures in the Medicaid and Medicare Advantage markets,” Best Buy CEO Corie Barry said in a Nov. 25 earnings call.
Best Buy exited the hospital-at-home space earlier this year, selling remote patient monitoring vendor Current Health back to its co-founder and laying off 161 Best Buy Health employees. The company also said lower Best Buy Health spending helped offset higher incentive compensation expenses in the third quarter.
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