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Hims & Hers Health
said on Thursday it will acquire Australian digital health company Eucalyptus in a deal valued at up to $1.15 billion, as the U.S. telehealth platform seeks to broaden its personalized care business into new international markets.
The deal would give Hims & Hers a foothold in Australia and Japan while deepening its presence in the United Kingdom, Germany, and Canada through partnerships with established regional operators.
Eucalyptus operates several consumer-focused brands globally, including weight-loss program Juniper and men’s telehealth brand Pilot, and has served more than 775,000 customers, according to Hims & Hers.
