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Hims & Hers Completes Acquisition of Eucalyptus, Advancing its Position as the World’s Largest Consumer Health Platform

Business

Hims & Hers Completes Acquisition of Eucalyptus, Advancing its Position as the World’s Largest Consumer Health Platform
Business

Business

Hims & Hers Completes Acquisition of Eucalyptus, Advancing its Position as the World’s Largest Consumer Health Platform

2026-06-02 17:02 Last Updated At:17:30

SAN FRANCISCO--(BUSINESS WIRE)--Jun 2, 2026--

Hims & Hers Health, Inc. (NYSE: HIMS) has completed its acquisition of Eucalyptus, advancing its position as the world's largest consumer health platform. Building on the earlier acquisitions of ZAVA and Livewell, Hims & Hers now has a leading presence across the US, UK, Australian, and Canadian markets, with a growing presence in France, Germany, Ireland, Spain, and Japan. Continuing to expand internationally will enable Hims & Hers to lead the next era of digital health, delivering personal, affordable care to more people around the world. This global expansion reinforces the company’s confidence in its long-term targets of $6.5 billion in revenue and $1.3 billion in Adjusted EBITDA by 2030.

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Hims & Hers can now reach hundreds of millions of people across four continents, bringing more data points into the company's closed-loop ecosystem and expanding the network effects of the platform globally. With this scale, data, and local clinical expertise, the company can deliver access to care that is both deeply personal and clinically rigorous, while maintaining consistent quality worldwide. By pairing personalized treatment with high-touch support, Hims & Hers helps customers stick to their treatment plans longer and achieve better outcomes than with medication alone, making the company a critical partner for healthcare innovators looking to bring new treatments and services to customers around the world.

"The future of health isn’t inside of a doctor’s office. It will be integrated into the rhythm of your daily life, anticipating issues before you even see them, and adapting with you,” said Andrew Dudum, co-founder and CEO of Hims & Hers. "Welcoming the Eucalyptus team into Hims & Hers gives us the foundation to become an everyday health companion to people all over the world and a partner to other healthcare innovators who want to build long-term relationships with consumers."

Eucalyptus brings deep regional presence and a customer-first digital experience that has served more than 850,000 1 customers to date, alongside a proven ability to launch and scale in new markets with clinical rigor and local regulatory expertise. Combined with Hims & Hers' platform, technology infrastructure, and growing portfolio of specialties, these capabilities position the company to deliver care that reflects the needs, regulations, and expectations of each market, while raising the bar for what consumer healthcare can look like globally.

"Building Eucalyptus has shown us that the best healthcare is local in its understanding and global in its ambition," said Tim Doyle, Senior Vice President of International at Hims & Hers and former CEO of Eucalyptus. "Joining Hims & Hers gives our teams in Australia, Canada, Germany, Japan, and the United Kingdom the ability to deepen what we've built for our customers, and to bring that experience to many more people in the years ahead."

The transaction closed pursuant to the terms of the definitive agreement.

1 As of May 2026. Customer defined as a user having purchased a program through a Eucalyptus brand.

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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "estimates," "anticipates," "expects," "intends," "plans," "assume," "may," "will," "likely," "potential," "projects," "predicts," "continue," "goal," "strategy," "future," "forecast," "target," "outlook," "opportunity," "project," "confidence," "foundation," "groundwork," or "should," or, in each case, their negative or other variations or comparable terminology. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, statements regarding the integration of the Eucalyptus business, the international expansion plans of Hims & Hers Health, Inc. (the “Company”), the anticipated impact of the acquisition on the Company's platform capabilities, customer reach, and global network effects, and the Company's long-term financial targets. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, the forward-looking statements contained herein are based on the current expectations, assumptions and beliefs of the Company. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company's 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: (i) risks related to the integration of the Eucalyptus business, including the ability to successfully combine operations, retain key personnel, and realize the anticipated strategic and financial benefits of the acquisition; (ii) risks related to the Company's international expansion, including challenges in managing operations across multiple jurisdictions and the ability to launch and scale in new markets; (iii) regulatory, compliance, and legal risks in the jurisdictions where the Company operates or plans to operate, including evolving healthcare, consumer protection, and data privacy regulatory frameworks; (iv) risks related to customer adoption and retention across new and existing markets; (v) the Company's ability to achieve its long-term financial targets, which depend on a number of factors including continued growth of the Company's subscriber base, successful integration and expansion of international operations, and broader macroeconomic conditions; and (vi) risks related to the Company's liquidity and capital allocation, including unanticipated demands on cash resources or changes in operating performance, as well as those factors described in the Risk Factors and other sections of the Company's most recently filed Quarterly Report on Form 10-Q, the Company's most recently filed Annual Report on Form 10-K, and other current and periodic reports the Company files from time to time with the Securities and Exchange Commission.

Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company undertakes no obligation (and expressly disclaims any obligation) to update or revise any forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

The acquisition extends the company's leadership position across Australia, Canada, Germany, Japan, and the United Kingdom, with the scale to redefine healthcare for hundreds of millions of people

The acquisition extends the company's leadership position across Australia, Canada, Germany, Japan, and the United Kingdom, with the scale to redefine healthcare for hundreds of millions of people

DUBAI, United Arab Emirates (AP) — Iran stopped communicating with mediators about extending a ceasefire in the war with the U.S. and Israel, two semiofficial Iranian news agencies reported Tuesday, as tensions flared in Israel's separate but related fight against the Iranian-backed militia Hezbollah in Lebanon.

The halt in communication was likely meant to increase pressure on U.S. President Donald Trump over negotiations on the Iran war ceasefire and loosening the Islamic Republic's chokehold on the Strait of Hormuz and the oil, gas and other commodities that normally pass through it. Trump then could potentially push Israeli Prime Minister Benjamin Netanyahu to halt or slow the advance of his forces, which have moved deeper into Lebanon than at any time in over a quarter of a century.

The reports by the Fars and Tasnim news agencies, both believed to be close to Iran’s paramilitary Revolutionary Guard, come as the conflicts in Iran and Lebanon have increasingly become conjoined. Iran insists that any potential truce in the war there must also quell the fighting in Lebanon, where Hezbollah remains one of Iran's chief allies in its self-described “axis of resistance” against Israel.

A regional official involved in the mediation, speaking on condition of anonymity to discuss the talks, told The Associated Press that Iran had not communicated at all on Tuesday after saying that a ceasefire needed to be enforced in Lebanon for negotiations to continue.

Israel and the U.S. maintain the fighting in Lebanon is separate from the Iran war talks.

Meanwhile, year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians are facing. While the U.S. is eager to ease the Islamic Republic's grip on the strait — through which a fifth of all traded oil and natural gas passed in peacetime — Iran faces economic challenges as its oil-backed economy remains under a U.S. naval blockade.

Economic pressure touched off nationwide protests in Iran in 2017 into 2018, when rising food prices sparked demonstrations that killed over 20 people and saw hundreds arrested. The next year, an increase in government-subsidized gasoline prices caused protests that saw over 300 people reportedly killed.

Then came the protests over the collapsing value of Iran's currency, the rial, at the start of this year. They were the most intense demonstrations to shake the Islamic Republic since its 1979 revolution and the chaotic years that followed. Iran's theocracy met January's protests with a crackdown on demonstrators in January that killed over 7,000 people, according to activists' estimates.

Now, even as hard-liners hold gun-handling workshops and organize marriages under the shadow of a ballistic missile to bolster spirits, experts note there could be new demonstrations if people find themselves priced out of feeding their families.

“I have no doubt that if Trump leaves (Iran without a formal peace deal) ... most probably, we will see something like January by the end of summer because of the economic and social situations," analyst Mohsen Jalilvand said in a video published by Iran's Fararu news website.

Iran's Central Bank said the consumer price index, which measures a basket of goods and services, reached 77.2% in May compared with the year before. The rate is 8.5% higher than in April, the bank added. Inflation in daily and general needs — like medicine, taxi fares, tobacco and communication fees — rose 113.8% from the year before.

A private economic think tank in Iran, the Bamdad Institute of Economic Studies, described the current figures as “an unprecedented rate since World War II.” Iran’s Central Bank did not acknowledge the significance of the figures.

The previous record came in 1942. During the war, the British and Soviets invaded Iran and took over its railway, disrupting food supplies. The lack of food, worsened by a poor harvest, sparked hyperinflation and a famine. Hunger and a typhus outbreak killed many.

Airstrikes this year have greatly damaged Iran's businesses and its oil industry, Meanwhile, the U.S. blockade has been targeting Iranian crude oil shipments trying to reach the international market, a key source of hard revenue. Tax revenues have been depressed by businesses struggling even after the fighting paused.

The rial, which traded at 32,000 to $1 in 2015, now trades at over 1.7 million to $1.

“We will definitely have higher prices," Iranian President Masoud Pezeshkian warned in May. "We are fighting, and we must accept this hardship.”

Tehran-based economist Saeed Leilaz, speaking to the AP, warned that annual inflation in Iran could reach 80%.

"Iran’s society cannot tolerate above 25%” annual inflation, he said.

Karimi reported from Tehran, Iran. Magdy reported from Cairo.

People walk at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

People walk at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

Pedestrians and vehicles cross an intersection around Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

Pedestrians and vehicles cross an intersection around Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

Men sit at the gate of a mosque at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

Men sit at the gate of a mosque at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

A woman walks at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

A woman walks at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

People carry packages at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

People carry packages at Tehran's historic Grand Bazaar, Iran, Monday, June 1, 2026. (AP Photo/Vahid Salemi)

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