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HIMS
CNBC
77 days

Hims & Hers to acquire European telehealth platform in global expansion

1. Hims acquires Zava to enhance European expansion plans. 2. Acquisition will add 1.3 million customers, increasing Hims' base by 50%. 3. Zava platforms will retain branding temporarily before rebranding as Hims & Hers. 4. Dudum confident in global growth despite macroeconomic uncertainties. 5. European pharmaceutical prices are more consumer-friendly than in the U.S.

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FAQ

Why Bullish?

The acquisition strengthens Hims' market position and customer base, critical for revenue growth.

How important is it?

Acquisition significantly impacts customer growth and international market reach, essential for Hims' strategy.

Why Long Term?

The expansion opens up new markets, which may take time to realize revenue.

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