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  "documentTitle": "Hims & Hers Health, Inc. (HIMS)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2023-07-13 00:00:00",
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  "notes": "Uses a screenshot of a HIMS SPAC presentation slide to highlight the discrepancy between past promises and current reality.",
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      "kind": "callout",
      "text": "To our knowledge, HIMS has never provided any public disclosure regarding a single employer that has adopted this offering.",
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      "text": "We believe HIMS dramatically misjudged the market opportunity for its services in the employer market. It seems investors have forgotten that HIMS dedicated a slide in its SPAC transaction presentation to this huge opportunity. We believe this effort has been terminated.",
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      "text": "It quickly died. There's got to be a compelling reason for an employer or insurer or anyone to enter into an agreement like that with a medical provider. And that reason, whether anyone wants to admit it or not, is how it impacts total cost of care...Just by the very nature of what HIMS does, it would only add cost. So I don't think that was ever realistic.",
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      "text": "It quickly died. There's got to be a compelling reason for an employer or insurer or anyone to enter into an agreement like that with a medical provider. And that reason, whether anyone wants to admit it or not, is how it impacts total cost of care...Just by the very nature of what HIMS does, it would only add cost. So I don't think that was ever realistic. — Spruce Point Interview With Former HIMS Executive",
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      "text": "Source: HIMS SPAC Transaction Presentation, Red box Spruce Point emphasis",
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      "kind": "title",
      "text": "What Happened To \"Hims & Hers for Enterprise\"?",
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