Former New York Yankees DH Alex Rodriguez and fiancée Jennifer Lopez have succeeded in their bid to buy the New York Mets. But they are about to make a public offering for the first time. Per Sportico:
A-Rod’s post-baseball business empire achieves its first win in the stock market as the unicorn Hims & Hers of telehealth and personal care is published by a specialty procurement firm.
We introduce Yankees Insider: Get exclusive news, behind-the-scenes observations and the ability to instantly send text messages to beat writers
According to Sportico, Rodriguez and Lopez invested in Hims & Hers in 2019.
Hims & Hers is a firm that started directly after the consumer as a Viagra by mail prescriber, but has developed its primary focus into telemedicine, along with mental health offerings and the sale of personal care products that are on hair, skin and sexual health. The company announced that as of June, it has about 260,000 medical prescriptions and had more than two million appointments in health care.
Sportico reports that the interest of Rodriguez and Lopez ‘could be worth as much as $ 79 million, based on the fact that they own less than 5% of the company’s equity capital.’
“As an investment, Hims & Hers was an excellent example of what the best partnership looks like for us: a business with a lot of fundamentals, but also one where our underwriting and support can add significant value to improving the track,” Rodriguez said. said. in an email.
Rodriguez and Lopez were hoping to add the Mets to their empire. But they were eliminated by billionaire hedge fund manager Steve Cohen.
Get Yankees text messages: Cut through the clutter of social media and text during games with beats writers and columnists. Plus, exclusive news and analysis every day. Join now.
Thank you for trusting us to provide the journalism you can trust. Consider supporting NJ.com with a subscription.
Mike Rosenstein can be reached at [email protected]. Tell us your coronavirus story or send us a tip here.