Best Buy sees growth in health care technology for elderly

guest · Sep 26, 2019

Best Buy sees growth in health care technology for elderly
September 25, 2019
https://abcnews.go.com/Technology/w...rowth-health-care-technology-elderly-65860515

The nation's largest consumer electronics chain, known for selling TV sets, cellphones and laptops, is looking to health care as a big source of its future growth.

Best Buy Co. said Wednesday that in five years it hopes to provide 5 million seniors with health monitoring services, which can range from sensors placed throughout a home to a pendant worn around the neck. It currently provides the service to 1 million.
It's part of the chain's deeper push into the $3.5 trillion U.S. health care market and essential to its goal of reaching $50 billion in annual revenue by 2025.

The strategy comes as Best Buy has succeeded in holding off increasing competition from Amazon and other players by speeding up deliveries and adding more services to deepen its relationship with customers.
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