Last mentioned: Feb 24, 2026
Global Market Reaction
Industry analysts note the deal as a major consolidation in the GLP-1 and telehealth sectors.
Employee Windfall Reports
Detailed reports emerge regarding the 100+ employees reaching millionaire status in Sydney.
Payout Details Emerge
Former CCO Joe Harris confirms a payout exceeding $1 million, highlighting the impact on staff wealth.
Employee Windfall
Details of the $300M employee share pool emerge, confirming 100+ new millionaires.
Executive Payouts Confirmed
Former CCO Joe Harris confirms a $1M+ payout in an interview with the Australian Financial Review.
Acquisition Announced
Hims & Hers officially announces the $1.6 billion buyout of Sydney-based Eucalyptus.
Acquisition Announced
Hims & Hers officially announces the $1.6 billion deal to acquire Eucalyptus.
Acquisition Announced
Hims & Hers officially announces the $1.6 billion acquisition of Eucalyptus.
GLP-1 Surge
Juniper and Pilot brands see explosive growth driven by demand for weight-loss medications.
Eucalyptus Founded
Tim Doyle launches the company, inspired by the Hims & Hers telehealth model in the US.
US telehealth giant Hims & Hers has completed a $1.6 billion acquisition of Australian startup Eucalyptus, marking a massive expansion into the Asia-Pacific market. The deal has created over 100 millionaires among Eucalyptus's Sydney-based workforce through a $300 million employee share pool.
US telehealth giant Hims & Hers has acquired Sydney-based startup Eucalyptus in a landmark $1.6 billion deal. The acquisition, fueled by a $637 million revenue run-rate and the global GLP-1 weight loss boom, has created over 100 overnight millionaires among the Australian firm's staff.
US telehealth leader Hims & Hers has finalized a $1.6 billion acquisition of Australian digital health startup Eucalyptus, marking a major expansion into the Asia-Pacific market. The deal, driven by the explosive growth of GLP-1 weight-loss treatments, creates over 100 employee millionaires and solidifies Hims & Hers' position as a global powerhouse in direct-to-consumer healthcare.
US telehealth leader Hims & Hers has acquired Australian startup Eucalyptus in a $1.6 billion deal, triggering a massive wealth event for over 100 employees through its share option plan. The acquisition highlights the explosive growth of the GLP-1 and telehealth markets while setting a new benchmark for employee equity outcomes in the Australian tech ecosystem.