Best Buy To Offer Continuous Glucose Monitoring Systems, Marking Debut Of Prescription Based Medical Devices Sale
Portfolio Pulse from Shivani Kumaresan
Best Buy Co Inc (NYSE:BBY) will start selling the Dexcom G7 Continuous Glucose Monitoring System (CGM) online, marking its first foray into prescription-based medical devices. The sale will be facilitated by Wheel, a virtual care platform, and HealthDyne, a pharmacy technology provider. This move aligns with Best Buy Health's goal to facilitate care at home.

October 09, 2023 | 11:54 am
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Best Buy's entry into the prescription-based medical devices market could potentially open up a new revenue stream. The company's shares closed higher by 1.67% at $68.76 on Friday.
Best Buy's decision to sell prescription-based medical devices, starting with the Dexcom G7 Continuous Glucose Monitoring System, could potentially open up a new revenue stream for the company. This move is in line with the company's goal to facilitate care at home, which could be a growing market given the increasing prevalence of conditions like diabetes. The positive price action on Friday suggests that the market is reacting favorably to this news.
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