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Hims & Hers Acquires Zava: Telehealth Expansion - News Directory 3

Hims & Hers Acquires Zava: Telehealth Expansion

June 4, 2025 Catherine Williams Business
News Context
At a glance
  • Hims & Hers Health (HIMS) is set to acquire Wonders, a European⁣ telehealth platform, in a move to considerably expand its global presence.
  • The deal, expected to close by mid-year, will see Hims ⁢& Hers absorb Wonders' 1.3 million active customers, increasing its subscriber base by approximately ⁣50%.
  • Dudum had previously highlighted the company's commitment to global expansion during an earnings call in⁤ May, noting the early success in the United Kingdom.
Original source: cnbc.com

Key Points

  • Hims & Hers to acquire telehealth platform Wonders for European expansion.
  • the deal⁣ aims to grow Hims’ active customer base by roughly 50%.
  • Zava CEO David Meinertz will become ⁤a general manager of the international business.

Hims & Hers Acquires Wonders ⁤for European Telehealth Expansion

⁣ Updated June 4,⁣ 2025
⁢

Hims & Hers Health (HIMS) is set to acquire Wonders, a European⁣ telehealth platform, in a move to considerably expand its global presence. CEO Andrew Dudum announced the acquisition, emphasizing its role in accelerating European expansion and facilitating entry into new⁤ markets.

The deal, expected to close by mid-year, will see Hims ⁢& Hers absorb Wonders’ 1.3 million active customers, increasing its subscriber base by approximately ⁣50%. Currently, Hims & Hers has 2.4 ⁢million subscribers.

Dudum had previously highlighted the company’s commitment to global expansion during an earnings call in⁤ May, noting the early success in the United Kingdom. Hims & Hers initially expanded to the U.K. in 2021 with the acquisition of⁤ Honest Health.

With the acquisition of Wonders,Hims & Hers will⁤ extend its services to Ireland,France,and Germany. Wonders CEO David ⁣Meinertz, who founded the platform in 2011, believes⁢ the deal will alleviate⁣ pressure on the European health-care system.

Meinertz noted the affordability of medications through telehealth, stating, “The medications are priced more competitively than in the⁣ U.S. so more people can ⁢actually afford it and‍ we are seeing a huge demand.”

Following the acquisition, ‍the Wonders ⁤platforms will retain their branding for a few quarters before transitioning to the Hims & Hers brand. Meinertz will then assume⁤ the role of general manager of the international business.

Dudum expressed confidence in the company’s growth strategy, citing the advantageous pharmaceutical pricing in Europe compared to the United States. He ⁤believes this will make accessible,personalized treatments easier ⁤to deliver overseas.

The Hims logo displayed on a ⁣smartphone in New York on Feb. 12,2025.

What’s ‍next

Hims & Hers plans to integrate the Wonders platform and expand its service offerings in Europe, ⁣leveraging ⁤the established customer base and infrastructure to further penetrate the European telehealth market.

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