Earlier this year, when US telehealth giant Hims & Hers first unveiled plans to acquire its Australian rival Eucalyptus for a whopping $1.15 billion, the company made a bold statement of intent to become the largest global player in the telehealth space. Through the deal, Hims & Hers would inherit a strong market presence in Australia, as well as access to several consumer brands; most notably the weight loss platform, Juniper, which operates in the UK, Germany, and Japan.