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Hims & Hers Announces Plans to Acquire ZAVA, Accelerating Major European Growth Across the UK, Germany, France, and Ireland

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Hims & Hers Announces Plans to Acquire ZAVA, Accelerating Major European Growth Across the UK, Germany, France, and Ireland
News

News

Hims & Hers Announces Plans to Acquire ZAVA, Accelerating Major European Growth Across the UK, Germany, France, and Ireland

2025-06-03 19:15 Last Updated At:19:21

SAN FRANCISCO--(BUSINESS WIRE)--Jun 3, 2025--

Hims & Hers Health, Inc. (NYSE: HIMS), the leading health and wellness platform, today announced a significant step in its global expansion through its agreement to acquire ZAVA, a leading digital health platform in Europe. This strategic move will expand Hims & Hers' footprint in the United Kingdom and will officially launch the company into Germany, France, and Ireland, with more markets anticipated soon. This acquisition is expected to accelerate Hims & Hers' vision to deliver the same seamless, personalized care experience it has successfully built in the U.S. to millions more people globally. Hims & Hers will establish its own branded presence, leveraging the robust ZAVA platform, in each of these European markets in the coming quarters.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603806947/en/

By combining ZAVA’s trusted European operations, medical rigor, and seamless digital experience with Hims & Hers’ proven, trusted brand, the company is poised to become a leader in digital health globally, delivering access to personalized care that meets people where they are. This strategic acquisition will significantly strengthen Hims & Hers' international footprint. Serving more than 1.3 million active customers, ZAVA’s in-house medical team delivered nearly 2.3 million consultations in 2024 across the UK, Germany, France, and Ireland.

Hims & Hers will soon introduce a new, personalized dimension of digital health in Europe, providing individuals with access to care tailored to their specific needs and goals across dermatology, weight loss, sexual health and mental health. To ensure a world-class and localized experience, this expansion will include access to British, German, and French healthcare providers in local languages. While Hims & Hers will share more about the offerings and their rollout in the coming months, they expect the deal to be accretive by 2026.

“The demand for simpler, more personalized healthcare is universal,” said Andrew Dudum, founder and CEO of Hims & Hers. “By leveraging ZAVA's established European presence, cutting-edge technology, and deep customer understanding, we're poised to fundamentally transform access to care for millions across Europe. Whether in rural towns, vibrant cities, or remote communities across Europe, people battling widespread, often silent chronic conditions like obesity, depression, and more will have access to the personalized, high-quality care they deserve.”

“Wherever you live, the need is the same: healthcare that’s personal, trustworthy and fast. By joining forces with Hims & Hers, we can put that standard within reach of millions more people across Europe,” said David Meinertz, co-founder and CEO of ZAVA. “Together we’ll pair ZAVA’s trusted clinical services, established footprint, and deep understanding of the European healthcare landscape with the Hims & Hers experience to make affordable access to high-quality, personalized care the rule, not the exception. I’m thrilled to be working with Andrew and his team. It’s still day one for digital healthcare, and I can’t wait to see what we’ll achieve for patients in the years ahead.”

The acquisition consideration will be comprised of 100% cash, to be funded from the company's balance sheet at closing. The acquisition is expected to close in the second half of 2025, and Hims & Hers expects to continue expanding globally as demand for personalized healthcare continues to grow.

For more information, please see news.hims.com.

About Hims & Hers Health, Inc

Hims & Hers is the leading health and wellness platform on a mission to help the world feel great through the power of better health. We believe how you feel in your body and mind transforms how you show up in life. That’s why we’re building a future where nothing stands in the way of harnessing this power. Hims & Hers normalizes health & wellness challenges—and innovates on their solutions—to make feeling happy and healthy easy to achieve. No two people are the same, so the company provides access to personalized care designed for results. For more information, please visit www.hims.com and www.forhers.com.

About ZAVA

ZAVA is a leading digital health platform in Europe, on a mission to make high-quality, dependable healthcare accessible and affordable. Serving more than 1.3 million active customers, ZAVA’s in-house medical team delivered nearly 2.3 million consultations in 2024 across the UK, Germany, France and Ireland - putting compassionate, clinically-robust healthcare in people’s hands 24/7. Rated “outstanding” for leadership by the UK Care Quality Commission, ZAVA combines medical rigour with a friction-free digital experience. ZAVA’s comprehensive service portfolio spans weight management, women’s and men’s health, sexual health, general medicine and skin & hair care - helping people tackle both everyday and sensitive conditions quickly, discreetly and safely.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, certain statements in this press release, including statements regarding the timing and effects of entering into the acquisition described above, our future performance, anticipated customer demand, the ability to scale our business, the solutions accessible on our platform, and the underlying assumptions with respect to the foregoing, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to risks, uncertainties and assumptions about Hims & Hers and its business. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties related to market conditions, our legal and regulatory environment, macroeconomic and geopolitical factors, and those factors described in the “Risk Factors” section of each of our most recently filed Quarterly Report on Form 10-Q, our most recently filed Annual Report on Form 10-K, and any of our subsequent filings with the Securities and Exchange Commission (the “Commission”). Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation (and expressly disclaim any obligation) to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described in the “Risk Factors” section of each of our most recently filed Quarterly Report on Form 10-Q, our most recently filed Annual Report on Form 10-K, and any of our subsequent filings with the Commission may not be exhaustive.

This strategic move will expand Hims & Hers' footprint in the United Kingdom and will officially launch the company into Germany, France, and Ireland, with more markets anticipated soon.

This strategic move will expand Hims & Hers' footprint in the United Kingdom and will officially launch the company into Germany, France, and Ireland, with more markets anticipated soon.

HONG KONG (AP) — A Hong Kong court began hearing arguments Monday about the sentencing of democracy advocate and onetime-media magnate Jimmy Lai and his co-defendants, whose convictions under a national security law could land them in prison for life.

Lai, 78, is the founder of the now-defunct Apple Daily newspaper and an outspoken critic of China’s ruling Communist Party. He was arrested in 2020 under the law imposed by Beijing following massive anti-government protests that rocked Hong Kong the year before.

In December, he was found guilty of conspiring with others to collude with foreign forces and conspiracy to publish seditious articles.

His conviction raised concerns about the curtailing of press freedom in the former British colony, which returned to Chinese rule in 1997.

His case could also be a test for Beijing's diplomatic ties. The verdict drew criticism from foreign governments, including the U.S. and Britain. After the verdict, U.S. President Donald Trump, who had raised Lai’s case with China, said he felt “so badly.”

Lai, alongside other co-defendants involved in the case, appeared in court for the four-day mitigation hearings. The maximum penalty for their convictions is life imprisonment. Sentencing will come later.

The court Monday morning heard arguments concerning two activists’ sentences. Lawyers representing them suggested the starting points of their clients’ sentences should be 10 years and 10 to 15 years respectively, but they should receive reductions in part due to their assistance in the case.

Lai’s lawyer Robert Pang will deliver his arguments in the afternoon.

When Lai entered the courtroom, he pressed his palms together, an apparent gesture to express gratitude, and smiled at those sitting in the gallery. The media tycoon appeared to be in good spirits and greeted a convicted Apple Daily editor who was also sitting in the dock.

In August, his lawyers told the court that he suffered from heart palpitations. Hong Kong’s government said no abnormalities were found in a subsequent medical exam.

Prosecutor Anthony Chau said Lai’s health was stable. Chau said Lai had lost just 0.8 kg (about 1.8 pounds) over five years of detention, weighing 79.2 kg (about 175 pounds) when it was last measured this month. Lai is still considered obese as an Asian adult, Chau said. The obesity comment drew chuckling from some members sitting in the public gallery, and Lai also smiled in the dock.

Before sunrise, dozens of people had already lined up outside the court building to secure a seat in the public gallery. Retiree Simon Ng, a former Apple Daily reader, said he arrived and waited in line since Friday morning, hoping to see Lai.

“I want to let him know that he’s not alone," Ng said. “Many people support him."

Lai was convicted of two counts of conspiracy to commit collusion with foreign forces to endanger national security, in addition to one count of conspiracy to distribute seditious publications. Lai pleaded not guilty to all charges.

A conviction on the collusion charge under the security law results in a sentence ranging from three years in jail to life, depending on the offense’s nature and his role in it. The sedition charge under a separate, colonial-era law carries a maximum of two years’ imprisonment.

Three government-vetted judges wrote in their December verdict that Lai spearheaded the conspiracies and took issue with what they called his “constant invitation” to the United States to bring down the Chinese government with the excuse of helping Hong Kongers.

Lai’s lawyers admitted during the trial that he had called for foreign sanctions before the national security law took effect, but insisted he dropped these calls to comply with the law. They also argued on freedom of expression grounds.

But the judges said that Lai had never wavered in his intention to destabilize the ruling Chinese Communist Party. After the enactment of the law, he intended to continue, though less explicitly, they said. They emphasized that Lai was not on trial for his political views.

Beijing has opposed what it called the smearing of Hong Kong's judiciary “by certain countries,” saying the judicial authorities perform duties according to the law.

Six ex-Apple Daily senior executives and two activists involved in Lai's case had entered guilty pleas, admitting that they had conspired with Lai and others to request foreign forces to impose sanctions, blockades or engage in other hostile activities.

The executives were publisher Cheung Kim-hung, associate publisher Chan Pui-man, editor-in-chief Ryan Law, executive editor-in-chief Lam Man-chung and editorial writers Fung Wai-kong and Yeung Ching-kee. Some of them, alongside the two activists Andy Li and Chan Tsz-wah, served as prosecution witnesses during the 156-day trial.

A guilty plea usually can lead to a sentence reduction. Under the security law, a reduced penalty may be granted to those who report on the offense committed by others.

Chan Pui man's husband, Chung Pui-kuen, a former top editor of Stand News who had been sentenced to 21 months in jail in a separate sedition case, was among those sitting in the public gallery.

After the verdict, Lai's daughter, Claire, said Lai would devote himself to God and his family rather than political activism if he were released.

Trump said after the verdict that he spoke to Chinese President Xi Jinping about Lai and “asked to consider his release." British Prime Minister Keir Starmer has said his government has made it a priority to secure the release of Lai, a British citizen.

People line up behind the barricades to attend the hearing about the upcoming sentence for pro-democracy media mogul Jimmy Lai, outside the West Kowloon Magistrates' Courts, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

People line up behind the barricades to attend the hearing about the upcoming sentence for pro-democracy media mogul Jimmy Lai, outside the West Kowloon Magistrates' Courts, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Correctional Services Department vehicles arrive at the West Kowloon Magistrates' Courts, ahead of a hearing to hear arguments about the sentencing of democracy advocate and onetime media magnate Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Correctional Services Department vehicles arrive at the West Kowloon Magistrates' Courts, ahead of a hearing to hear arguments about the sentencing of democracy advocate and onetime media magnate Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Members of foreign councils arrive at the West Kowloon Magistrates' Courts to attend a hearing to hear arguments about the sentencing of pro-democracy media mogul Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Members of foreign councils arrive at the West Kowloon Magistrates' Courts to attend a hearing to hear arguments about the sentencing of pro-democracy media mogul Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Robert Pang, center, lawyer for pro-democracy media mogul Jimmy Lai arrives to the West Kowloon Magistrates' Courts, ahead of a hearing to hear arguments about the sentencing of Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Robert Pang, center, lawyer for pro-democracy media mogul Jimmy Lai arrives to the West Kowloon Magistrates' Courts, ahead of a hearing to hear arguments about the sentencing of Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Teresa Lai, wife of pro-democracy media mogul Jimmy Lai arrives to the West Kowloon Magistrates' Courts to attend a hearing to hear arguments about the sentencing of Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

Teresa Lai, wife of pro-democracy media mogul Jimmy Lai arrives to the West Kowloon Magistrates' Courts to attend a hearing to hear arguments about the sentencing of Jimmy Lai, in Hong Kong, Monday, Jan. 12, 2026. (AP Photo/May James)

FILE- Hong Kong media tycoon Jimmy Lai is escorted by Correctional Services officers to get on a prison van before appearing in a court in Hong Kong, Dec. 12, 2020. (AP Photo/Kin Cheung, File)

FILE- Hong Kong media tycoon Jimmy Lai is escorted by Correctional Services officers to get on a prison van before appearing in a court in Hong Kong, Dec. 12, 2020. (AP Photo/Kin Cheung, File)

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