Hims & Hers Says It Has Completed Its Purchase of Eucalyptus
Updated 23 September 2026
What Is Happening
Hims & Hers announced on June 2 that it had completed the purchase of Eucalyptus, an Australia-based digital healthcare business. Hims & Hers is the buyer; Eucalyptus becomes part of the group. Both businesses provide access to healthcare through online services, including weight-management care.
Hims & Hers says the acquisition brings local operations and expertise in Australia, the United Kingdom, Germany, Canada and Japan. The stated aim is to combine Eucalyptus’s presence in those markets with Hims & Hers’ technology and wider healthcare offering.
In a financial filing, Hims & Hers recorded the deal’s completion on June 1 and agreed payments of up to $1.15 billion to acquire the business from its owners. The amount is subject to adjustments and includes later payments and sums dependent on business performance. Some obligations can be paid in Hims & Hers shares rather than cash. The headline value is therefore not an amount paid entirely in cash at completion.
Sources (2)
Companies Involved
Hims & Hers
Hims & Hers provides weight-management consultations, prescriptions and ongoing care through its telehealth platforms.
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