SelectQuote Secures Long-Term PBM Partnership to Bolster Financial Stability Despite Challenges

SelectQuote has secured a multi-year agreement with a key PBM partner to bolster financial stability. The company operates as a direct-to-consumer platform for health, life, and auto & home insurance policies. Despite recent strategic moves, SelectQuote faces financial challenges, including a distressing Altman Z-Score and declining gross margins. The company's valuation metrics and ownership structure are also worth considering. Investors should carefully evaluate these factors when assessing SelectQuote's financial health and potential risks.