Company type | Public |
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NYSE: HIMS | |
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Founded | 2017 |
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Headquarters | , United States |
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Hims & Hers Health, Inc. is an American telehealth company that sells prescription and over-the-counter drugs online, as well as personal care products. Founded in 2017, it reached a valuation of $1.6 billion after closing a deal with Oaktree Capital Management to go public. [7]
In 2017, Andrew Dudum founded Hims Inc. with Jack Abraham and Hilary Coles out of the Atomic Labs portfolio. [7] [1] Hims initially sold erectile dysfunction treatment sildenafil and hair loss treatments such as minoxidil, biotin vitamins and DHT-blocking shampoo. [8] [9] [10]
In late 2018, Hims launched Hers, a brand targeted to women, selling birth control pills and flibanserin. [7] [11]
In January 2019, Hims raised $100 million in a Series C funding round with a pre-money valuation of $1 billion. [12] [13] In the same month, Hims was launched in the United Kingdom with a catalogue limited by European regulation. [14]
In April 2020, Hims launched mental health services, including anonymous group therapy. [5] In January, 2023, the company announced their partnership with actress Kristen Bell as their first ever Mental Health Ambassador. Together, they've announced their goal of working together to combat stigma surrounding mental health and encourage conversation and exploration of treatment for people struggling with anxiety and depression. [15]
In October 2020, Hims closed a deal with Oaktree Capital Management to go public through a blank check company, reaching a valuation of $1.6 billion. [7] As part of the deal, the company was renamed Hims & Hers Health Inc. [16] The transaction was completed in January 2021, and the company started trading publicly on the New York Stock Exchange. [3]
In May 2024, Hims announced it would add GLP-1 injections to its product portfolio, giving customers a way to access weight loss treatment at a fraction of the cost of some brand-name competitors. [17]
Erectile dysfunction (ED), also referred to as impotence, is a form of sexual dysfunction in males characterized by the persistent or recurring inability to achieve or maintain a penile erection with sufficient rigidity and duration for satisfactory sexual activity. It is the most common sexual problem in males and can cause psychological distress due to its impact on self-image and sexual relationships.
Sildenafil, sold under the brand name Viagra, among others, is a medication used to treat erectile dysfunction and pulmonary arterial hypertension. It is also sometimes used off-label for the treatment of certain symptoms in secondary Raynaud's phenomenon. It is unclear if it is effective for treating sexual dysfunction in females. It can be taken orally, intravenously, or through the sublingual route. Onset when taken orally is typically within twenty minutes and lasts for about two hours.
Tadalafil, sold under the brand name Cialis among others, is a medication used to treat erectile dysfunction, benign prostatic hyperplasia, and pulmonary arterial hypertension. It is taken by mouth. Onset is typically within half an hour and the duration is up to 36 hours.
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Zocdoc is a New York City-based company offering an online service that allows people to find and book in-person or telemedicine appointments for medical or dental care. The platform also functions as a physician and dentist rating and comparison database. The service is free for patients, and doctors pay to advertise their appointment slots. Established in 2007, the private company had a $1.8 billion valuation by August 2015, the third-highest for a startup in New York at the time.
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Oscar Health, Inc. is an American health insurance company, founded in 2012 by Joshua Kushner, Kevin Nazemi and Mario Schlosser, and is headquartered in New York City. The company focuses on the health insurance industry through telemedicine, healthcare focused technological interfaces, and transparent claims pricing systems which would make it easier for patients to navigate.
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Ro is an American telehealth company that diagnoses patients, and subsequently prescribes and delivers treatments. The company is headquartered in New York City.
Nuro, Inc. is an American robotics company based in Mountain View, California. Founded by Jiajun Zhu and Dave Ferguson, Nuro develops autonomous delivery vehicles and is the first company to receive an autonomous exemption from the National Highway Traffic Safety Administration.
This list of telemedicine services providers is for notable telemedicine, telehealth, and mobile health providers and services. This includes virtual care facilities for remote care, services or platforms used for specific steps within the healthcare industry, and clinical navigation.
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Before the COVID-19 pandemic, telehealth adoption was gradually increasing. Some patients preferred in-person consultations and expressed concerns about privacy during video calls. However, with the outbreak of COVID-19 in early 2020, healthcare professionals reduced in-person visits to minimize exposure. As a result, telehealth usage surged dramatically, experiencing a 5,000% increase from February to March 2020. Telehealth has since remained widely utilized in healthcare services.
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