Hims & Hers Health (HIMS) stock has surged on news that the company acquired Trybe Labs, a telehealth firm. The deal will enable Hims & Hers to offer at-home testing services, posing competition for established players like Labcorp (LH) and Quest (DGX).
Investors can expect the acquisition to drive growth in the telehealth sector, while also increasing market share for Hims & Hers Health. This move is seen as a strategic expansion for the company, aiming to capitalize on the growing demand for remote healthcare services.
In light of this news, investors are advised to stay informed about market developments and adjust their portfolios accordingly. The acquisition has sparked significant interest among analysts, with some predicting increased revenue for Hims & Hers Health in the coming quarters.
Source: https://finance.yahoo.com/video/hims-hers-health-surges-acquisition-211239268.html