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Hims & Hers Health announced Tuesday it will acquire European telehealth platform Zava in its push to expand globally.
"We're excited to take this moment to really accelerate both the European expansion, but also use this platform as an accelerant as we move into more markets," Hims & Hers CEO Andrew Dudum told CNBC in an interview.
The deal is set to close by mid-year, according to the company's press release. While terms of the acquisition were not disclosed, the company said details of the transaction will be available in financial disclosures at closing.
Dudum spoke at length during the company's first-quarter earnings call in mid-May about the company's commitment to global expansion.
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