Hims & Hers Invests In Specialty Care Verticals

The telehealth company Hims & Hers recently closed acquisitions of two specialty companies expanding their reach to three specialty care verticals: hair loss, dermatology, and pharmacy. On June 14, 2021, it acquired Honest Health Limited, a London-based vertical health platform. On June 24, 2021, it announced plans to acquire Apostrophe, a teledermatology specialist and compounding pharmacy. During the second quarter of 2021, Hims & Hers reported a revenue rise of 69%.

The Honest Health acquisition was valued at $4.8 million. The company began operations in November 2018. It offers consumers a hair loss virtual clinic and related products . . .