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Hims & Hers to Acquire Eucalyptus for $1.15 Billion

2/20/2026

38 3 Full Breakdown

Summary

Hims & Hers Expands

Hims & Hers Health will acquire Eucalyptus for up to $1.15 billion to expand in Australia, Japan, UK, Germany, and Canada.
Hims & Hers will pay $240 million in cash at closing, with payments tied to targets through early 2029.
Eucalyptus has served 775,000 customers.
The deal is expected to close in mid-2026, and Tim Doyle, CEO of Eucalyptus, will become Senior Vice President of International at Hims & Hers.

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Hims & Hers Expands

Hims & Hers Health will acquire Eucalyptus for up to $1.15 billion to expand in Australia, Japan, UK, Germany, and Canada.
Hims & Hers will pay $240 million in cash at closing, with payments tied to targets through early 2029.
Eucalyptus has served 775,000 customers.
The deal is expected to close in mid-2026, and Tim Doyle, CEO of Eucalyptus, will become Senior Vice President of International at Hims & Hers.