Hims & Hers, A Multi-Specialty Telehealth Platform, To Become Publicly Traded Via Merger With Oaktree Acquisition Corp.

The specialty telehealth platform Hims & Hers is going public by merging with Oaktree Acquisition Corp., a special purpose acquisition company (SPAC). The deal will value the combined company at about $1.6 billion. Upon completion of the transaction, the combined company’s securities are expected to be traded on the New York Stock Exchange under the symbol “HIMS.”

Launched in November 2017, Hims & Hers has built a proprietary telehealth platform that connects consumers to licensed health care professionals for care across numerous specialties, including primary care, mental health, sexual health, and dermatology. To date, the company has facilitated . . .