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BUZZ-Hims & Hers jumps after buying at-home lab testing service

Reuters
Feb 20
BUZZ-Hims & Hers jumps after buying at-home lab testing service

** Shares of telehealth firm Hims and Hers HIMS.N rise 16.1% to $67.94

** Co acquires at-home lab testing service Trybe Labs, which offers at-home blood draws and whole body testing for subscribers

** With at-home lab testing, customers will be able to access more information about their health and providers can recommend high-quality customized treatments - HIMS

** HIMS expects to roll out at-home testing over the next year

** HIMS funded the acquisition through cash on hand

** "All-in, our general view is that we need to hear more. Seeing a category expansion, or in this case service expansion, is not a surprise on the surface" - brokerage Leerink Partners

** Stock has risen 6x in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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