Hims to buy telehealth firm Eucalyptus as it expands internationally

Andrew Joseph covers well being, medication, and the biopharma business in Europe. You’ll be able to attain Andrew on Sign at drewqjoseph.71.

LONDON — The telehelath platform Hims & Hers is trying to broaden internationally, asserting Thursday that it was shopping for the Australian digital well being firm Eucalyptus. 

Hims framed the deal, which features a $240 million upfront money cost, as one that may permit it to make additional inroads within the U.Okay., Germany, and Canada and transfer into Australia and Japan. The whole worth of the acquisition may attain $1.15 billion if the pact hits sure monetary targets over the following a number of years. The deal is anticipated to shut in the course of the yr. 

Hims, which within the U.S. gives sufferers all the pieces from compounded weight problems medicine to, as of this month, a most cancers screening take a look at, stated shopping for Eucalyptus would broaden its customized choices to extra prospects globally.