Best Buy has exited healthcare at home, the company’s CEO said in a recent earnings call. In the Aug. 28 call, Best Buy CEO Corie Barry cited efficiencies that resulted from “moving on from initiatives that aren’t generating the financial return in the timeline we had originally envisioned, such as the exit of our care-at-home Best Buy Health initiative.”
The tech retailer in June offloaded Current Health, the remote patient monitoring company it bought in 2021 for $400 million, as part of a restructuring its Best Buy Health unit. Best Buy had provided the technology for several health systems’ hospital-at-home programs. But Ms. Barry said in a May earnings call that business had been “harder and taken longer to develop” than the company expected because of uncertainties over CMS’ hospita