Telehealth firm Hims & Hers Well being Inc.
stated late Monday it has agreed to purchase London-based well being platform Sincere Well being for an undisclosed quantity. Sincere Well being provides hair loss-related merchandise, together with entry to compounded merchandise. “The proposed transaction gives Hims & Hers with best-in-class operational functionality and infrastructure to assist the beginnings of the corporate’s long-term plans for growth” throughout the U.Ok. and western Europe, Hims and Hers stated in an announcement. The deal is predicted to shut within the second fiscal quarter of this 12 months, the corporate stated. Shares of Hims and Hers fell 0.6% within the prolonged session Monday after ending the common buying and selling day up 5.7%. The inventory started buying and selling in January after a merger with a blank-check firm.