Hims & Hers agreed to acquire Australian digital health company Eucalyptus in a deal valued at up to $1.15 billion, with $240 million paid upfront12
The acquisition provides Hims & Hers with entry into Australia and Japan, while expanding its presence in the UK, Germany, and Canada12
Eucalyptus operates direct-to-consumer healthcare brands including Juniper (weight-loss platform), Pilot (men's health), and Compound, serving approximately 775,000 customers with annualized revenues around $450 million2
The deal is expected to close mid-year 2026, with the remainder of the valuation tied to guaranteed payments over 18 months and performance-based earnouts through early 20292
The acquisition signals Hims & Hers' pivot toward global expansion amid mounting regulatory scrutiny and legal challenges in the United States related to compounded GLP-1 medications2
This acquisition follows Hims & Hers' 2024 purchases of UK digital health provider Zava and Canadian telehealth company Livewell2
Sources:
1. https://www.statnews.com/2026/02/19/hims-acquire-eucalyptus-telehealth-international/
2. https://hlth.com/insights/news/hims-and-hers-acquires-eucalyptus-health-in-1-15bn-international-expansion-2026-02-20