Hims & Hers Health Announces New Lease Agreement

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announced that its wholly-owned subsidiary, Hims, Inc., entered into a lease agreement for approximately 352,012 square feet of office space in New Albany, Ohio. The initial lease term is 15 years, with two successive options to extend the term for five years each. Annual base rent starts at $5,984,204 for the first year and increases by approximately 3.25% annually thereafter. Hims & Hers Health guaranteed Hims, Inc.'s obligations under the lease.

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About Hims & Hers Health, Inc.

Hims & Hers Health, Inc. is a telehealth service provider that aims to simplify and enhance healthcare access for consumers. The company specializes in personal care and wellness products and services, offering both prescription and over-the-counter solutions. With a focus on destigmatizing health and wellness issues, Hims & Hers addresses areas such as dermatology, sexual health, hair care, and mental wellness, appealing to a broad demographic looking for convenient and private healthcare options. By facilitating online consultations with licensed medical professionals, the company allows users to receive medical advice, treatments, and prescriptions, all accessible from the comfort of their homes. Hims & Hers plays a significant role in the growing digital healthcare market, leveraging technology to provide more accessible and personalized healthcare experiences. Headquartered in San Francisco, the company capitalizes on the increase in demand for telehealth services, buoyed by advancements in digital health trends and the expanding e-commerce space for healthcare solutions.