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Hims & Hers Health: A Comprehensive Overview
ByAinvest
Thursday, Mar 20, 2025 4:40 pm ET1min read
Hims & Hers Health is a telemedicine company that offers health and wellness products, including ED pills. It has been described as an ED pill company and a health and wellness provider. Hims offers a range of products, including prescription medications and over-the-counter supplements, aimed at improving men's health and wellness.
Title: Hims & Hers Health: Revolutionizing Men's Health and TelemedicineHims & Hers Health, a pioneering telemedicine company, is set to make waves in the healthcare industry with its recent announcement of becoming publicly traded through a merger with Oaktree Acquisition Corp [1]. This development comes as no surprise, given the company's remarkable growth and success in modernizing digital, consumer-focused healthcare services.
With a focus on men's health and wellness, Hims & Hers offers a diverse range of products and services. These include prescription medications, over-the-counter supplements, and telehealth consultations across various specialties, such as primary care, mental health, sexual health, and dermatology [1]. The company's proprietary platform connects consumers to licensed healthcare professionals, enabling greater access to high-quality, convenient, and affordable care in all 50 states.
Since its inception in 2017, Hims & Hers has facilitated over two million telehealth consultations, showcasing its commitment to improving healthcare accessibility. The company boasts impressive financial growth, with compounded annual revenue growth of over 100% in the last two years and gross margins that have more than doubled to 70%+ [1]. Moreover, over 90% of Hims & Hers' revenue is recurring in nature.
The merger with Oaktree Acquisition Corp is expected to provide further investment opportunities for Hims & Hers to expand its product offerings and accelerate its plan to become the digital front door to the healthcare system [1]. With top-tier investors, including Franklin Templeton and clients of Oaktree, backing the company, Hims & Hers is poised for continued success in the rapidly evolving healthcare landscape.
References:
[1] Hims & Hers, a Multi-Specialty Telehealth Platform, to Become Publicly-Traded via Merger with Oaktree Acquisition Corp. (2020, October 1). BusinessWire. https://www.businesswire.com/news/home/20201001005165/en/
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