Home Health Care News May 29, 2025
Best Buy (NYSE: BBY) reported significant restructuring costs in Q1 as it overhauled its health care business, which is experiencing slower-than-expected performance in its home-based care division.
The company spent $109 million in restructuring charges during the first quarter, largely tied to the restructuring initiative in its Best Buy Health business, according to the company’s earnings report. The costs were primarily related to asset impairments.
While the company has expanded its home-based care business in recent years, it has recently encountered some complications with the segment, according to Best Buy CEO Corie Barry.
“The business that we have called active aging, our lively business or even just some of the care at home business, these remain very viable business...
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