Hims & Hers Health, Inc. is an American

telehealth Telehealth is the distribution of Health care, health-related services and information via electronic information and telecommunications, telecommunication technologies. It allows long-distance patient and clinician contact, care, advice, reminde ...

company established in 2017. The company provides

prescription medications A prescription drug (also prescription medication, prescription medicine or prescription-only medication) is a pharmaceutical drug that is permitted to be dispensed only to those with a medical prescription. In contrast, over-the-counter drugs ca ...

, over-the-counter medications, and

personal care Personal care products are consumer products which are applied on various external parts of the body such as skin, hair, nails, lips, external genital and anal areas, as well as teeth and mucous membrane of the oral cavity, in order to make ...

products. Hims & Hers operates with a direct-to-consumer model. Consumers consult licensed healthcare professionals and access treatments and products through the company's platform. Customers pay for a consultation with a doctor to prescribe the drug along with the price of the drug itself. The company has expanded its offerings to include health solutions for both men and women, along with mental health services.

Founding, expansion, and public offering

Hims Inc. was established in 2017 by

Jack Abraham Jack Abraham is an American businessperson, serial entrepreneur, investor, and the founding and managing partner of startup studio and investment fund Atomic. Career In 1999, at the age of 13, Abraham began working summers, nights, and weekend ...

, Andrew Dudum and Hilary Coles as a part of the Atomic Labs portfolio. In January 2019, Hims raised $100 million in a

Series C A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the p ...

funding round with a

pre-money valuation "Pre-money valuation" is a term widely used in the private equity and venture capital industries. It refers to the valuation of a company or asset prior to an investment or financing. If an investment adds cash to a company, the company will hav ...

of $1 billion. In the same month, Hims was launched in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

with a catalogue limited by European regulation.

Public offering

In October 2020, Hims closed a deal with

Oaktree Capital Management Oaktree Capital Management, Inc. is an American global asset management firm specializing in alternative investment strategies. As of September 30, 2024, the company managed $205 billion for its clientele. The firm was co-founded in 1995 by a ...

to go

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...

through a

blank check company A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking t ...

, reaching a valuation of $1.6 billion. As part of the deal, the company was renamed Hims & Hers Health, Inc. The transaction was completed in January 2021, and the company started trading publicly on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

Products and services

Hims initially sold erectile dysfunction treatment

sildenafil Sildenafil, sold under the brand name Viagra among others, is a medication used to treat erectile dysfunction and pulmonary hypertension, pulmonary arterial hypertension. It is also sometimes used off-label for the treatment of certain sym ...

and hair loss treatments such as

minoxidil Minoxidil is a medication used for the treatment of high blood pressure and pattern hair loss. It is an antihypertensive and a vasodilator. It is available as a generic medication by prescription in oral administration, oral tablet (pharmacy), ...

biotin Biotin (also known as vitamin B7 or vitamin H) is one of the B vitamins. It is involved in a wide range of metabolic processes, both in humans and in other organisms, primarily related to the utilization of fats, carbohydrates, and amino acids. ...

vitamins and DHT-blocking shampoo. Hims launched Hers, a brand targeted to women, selling

birth control pill The combined oral contraceptive pill (COCP), often referred to as the birth control pill or colloquially as "the pill", is a type of birth control that is designed to be taken orally by women. It is the oral form of combined hormonal contra ...

s and

flibanserin Flibanserin, sold under the brand name Addyi (), is a medication approved for the treatment of pre-menopausal women with hypoactive sexual desire disorder (HSDD). The medication attemps to improve sexual desire, increase the number of satisfyi ...

in 2018. In 2020, Hims launched

mental health Mental health is often mistakenly equated with the absence of mental illness. However, mental health refers to a person's overall emotional, psychological, and social well-being. It influences how individuals think, feel, and behave, and how t ...

services, including anonymous

group therapy Group psychotherapy or group therapy is a form of psychotherapy in which one or more therapists treat a small group of clients together as a group. The term can legitimately refer to any form of psychotherapy when delivered in a group format, i ...

. In 2024, Hims announced it would add compounded

GLP-1 Glucagon-like peptide-1 (GLP-1) is a 30- or 31-amino-acid-long peptide hormone deriving from tissue-specific posttranslational processing of the proglucagon peptide. It is produced and secreted by intestinal enteroendocrine L-cells and certai ...

injections to its product portfolio, giving customers a way to access weight loss treatment. Hims claims to be able to provide them cheaper and with greater availability. However, unlike the brand name treatments, these compounded drugs are not reviewed by the FDA for safety. In 2025, corporate partner Novo Nordisk pulled out of the partnership, ending the product offering.

References

External links

* Companies based in San Francisco Personal care brands Online retailers of the United States 2017 establishments in California Companies in the S&P 400 Companies listed on the New York Stock Exchange Special-purpose acquisition companies Online pharmacies {{DEFAULTSORT:Hims and Hers Health Telemedicine Telehealth American companies established in 2017 Health care companies established in 2017