Hims & Hers surged, partnered with ChristianaCare
Hims & Hers, a San Francisco-based direct-to-consumer TV company, generated $144.8 million in revenue in the third quarter of 2021. The company added 170,000 new subscribers, raising the total number of people registered to 991,000 people. The company is expected to reach profitability later this year and increase year-end revenue.
The company also said it is partnering with ChristianaCare, a health system across the mid-Atlantic region. This partnership enables healthcare providers on the Hims & Hers platform to connect patients with ChristianaCare’s Virtual Wellness Center and their network of primary and specialty care providers. These developments have sent the stock up 43%, from trading at $4.13 a share on Monday to $6.15 a share late Thursday.
Talkspace named new CEO, post lost
Talkspace, an online behavior company based in New York City, has appointed Dr. Jon Cohen as its new CEO. Cohen will replace interim CEO Doug Braunstein, who will continue to serve as chairman of the board. Cohen was most recently the CEO of BioReference Laboratories, one of the nation’s four largest commercial laboratories.
The company posted a net loss of $18 million in the third quarter of 2022 and $61 million overall for the year. It has begun shifting to a business model that sells to employers and health plans and moves away from a direct-to-consumer model, which has seen a 36% drop in active members.
This story first appeared on Digital Health Business & Technology.
