health

February 19, 2026

Hims & Hers Health to acquire Australia's Eucalyptus for up to $1.15 billion

The deal would give Hims & Hers a foothold in Australia and Japan while deepening its presence in the United Kingdom, Germany, and Canada.

Hims & Hers Health to acquire Australia's Eucalyptus for up to $1.15 billion

TL;DR

  • Hims & Hers Health plans to acquire Australian digital health company Eucalyptus.
  • The deal is valued at up to $1.15 billion.
  • The acquisition aims to expand Hims & Hers' personalized care business into new international markets.
  • It will establish a presence in Australia and Japan and deepen operations in the UK, Germany, and Canada.
  • Eucalyptus operates brands like Juniper (weight-loss) and Pilot (men's telehealth) and has served over 775,000 customers.
  • The deal is expected to close by mid-2026, with approximately $240 million in cash due at closing.
  • Hims & Hers is currently involved in a lawsuit with Novo Nordisk and faced an FDA crackdown regarding a copy of Wegovy.

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