SAN FRANCISCO–(BUSINESS WIRE)–Hims & Hers Well being, Inc., the multi-specialty telehealth platform targeted on offering fashionable customized well being and wellness experiences to all shoppers, as we speak introduced plans to broaden their UK footprint and purchase London-based vertical well being platform, Trustworthy Well being. Trustworthy Well being presents shoppers hair loss-related merchandise, together with entry to compounded merchandise, reminiscent of a topical Finasteride with Minoxidil resolution when acceptable, via an unique relationship with the primary UK compounding pharmacy and achievement heart. The proposed transaction supplies Hims & Hers with best-in-class operational functionality and infrastructure to help the beginnings of the Firm’s long-term plans for enlargement throughout the UK and Western Europe. Monetary particulars of the transaction is not going to be disclosed presently.
“Trustworthy Well being has demonstrated a robust mixture of management, ardour and innovation in digital well being — at scale — that may additional elevate our capability to offer the Hims & Hers customized healthcare expertise to a brand new phase of shoppers in the UK,” stated Andrew Dudum, CEO and co-founder of Hims & Hers. “Including Trustworthy Heath to our household not solely completely aligns with our mission but additionally unlocks new class and geographic alternatives to even additional speed up development. We’re thrilled to have the Trustworthy Well being group be a part of the Hims & Hers household.”
Trustworthy Well being, based by Sam Gluck and Pavlo Maherovsky, launched in November 2018 with Freshman, its subsequent technology hair loss digital clinic for males.
“Since launching Trustworthy Well being within the UK two and a half years in the past, we’ve been devoted to demolishing the obstacles standing between folks and higher well being,” stated Gluck. “We’re excited to affix the Hims & Hers group to take this mission of healthcare entry and personalization for all to the subsequent degree.”
The deal is anticipated to shut throughout the second fiscal quarter of this 12 months.
Ahead Wanting Statements
This press launch consists of forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements will be recognized by means of forward-looking terminology, together with the phrases “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “could,” “will,” “potential,” “tasks,” “predicts,” “proceed,” or “ought to,” or, in every case, their unfavourable or different variations or comparable terminology. There will be no assurance that precise outcomes is not going to materially differ from expectations. Such statements embrace, however will not be restricted to, any statements referring to the Firm’s enlargement plans, the Firm’s capability to consummate the anticipated transaction, the power of Trustworthy Well being to distribute merchandise exterior the UK, and the anticipated impacts of the transaction on the Firm’s enterprise. These statements are based mostly on administration’s present expectations, however precise outcomes could differ materially as a result of varied components. By their nature, forward-looking statements contain dangers and uncertainties as a result of they relate to occasions and depend upon circumstances which will or could not happen sooner or later.
The forward-looking statements contained on this press launch are based mostly on our present expectations and beliefs regarding future developments and their potential results on us. Future developments affecting us is probably not people who we’ve anticipated. These forward-looking statements contain quite a lot of dangers, uncertainties (a few of that are past our management) and different assumptions which will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by these forward-looking statements. These dangers and uncertainties embrace, however will not be restricted to, dangers related to Trustworthy Well being’s ongoing operations; the chance that the acquisition is not going to happen; the chance that the anticipated advantages of the acquisition will not be realized when anticipated or in any respect; and shopper acceptance and modifications in demand for Trustworthy Well being’s and the Firm’s merchandise, in addition to these components described within the “Threat Components” part of the Firm’s most not too long ago filed Quarterly Report on Kind 10-Q for the three months ended March 31, 2021, and our subsequent filings with the Securities and Trade Fee.
Ought to a number of of those dangers or uncertainties materialize, or ought to any of our assumptions show incorrect, precise outcomes could differ in materials respects from these projected in these forward-looking statements. We undertake no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as could also be required beneath relevant securities legal guidelines.
About Hims & Hers
Hims & Hers is a multi-specialty telehealth platform that connects shoppers to licensed healthcare professionals, enabling them to entry high-quality medical look after quite a few situations associated to major care, psychological well being, sexual well being, dermatology, and extra. Launched in November 2017, the corporate additionally presents thoughtfully created and curated well being and wellness merchandise. With services and products accessible throughout all 50 states and Washington, D.C., Hims & Hers is ready to present entry to high quality, handy and inexpensive look after all People. Hims & Hers was based by CEO Andrew Dudum, Hilary Coles, Jack Abraham and Joe Spector at enterprise studio Atomic in San Francisco, California. LionTree Advisors served as unique monetary advisor to Hims & Hers. For extra details about Hims & Hers, please go to forhims.com and forhers.com.