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19 February
Hims & Hers is spending more than $1 billion in a push to expand globally
Illustration of a green oval pill with the word "hers" embossed on it, surrounded by three smaller white round pills.
Hims & Hers’ stock surges, as a $1.2 billion deal to buy an Australia-based telehealth company affirms the health and wellness company’s global ambitions. Photo: Hims & Hers Health Inc.

Shares of Hims & Hers Health rallied in early Thursday trading, after the health-and-wellness platform announced a deal to buy an Australia-based telehealth provider.

The deal to buy Eucalyptus affirms the company’s global ambitions, as it allows Hims & Hers HIMS to enter markets in Australia and Japan, while increasing its presence in the United Kingdom, Germany and Canada.