Hims buys Eucalyptus, Ergatta joins Interactive Strength, D1 Training tests the waters

February 20, 2026: Your daily rundown of health and wellness news, in under 5 minutes.

Today's top stories:

• Ergatta joins Interactive Strength portfolio alongside Wattbike, CLMBR, and FORME, continuing independent operations under CEO Tom Aulet

• D1 Training hires Harris Williams to explore sale, operating 170+ locations serving 100K+ scholastic athletes in $154B youth sports market

• Hims & Hers acquires Australian telehealth platform Eucalyptus for $1.15B, expanding globally with brands serving 775K patients across Australia, UK, and Japan

I'm heading to LA this week for the Connected Health & Fitness Summit to host a fireside chat with Fritz Lanman, CEO of Playlist (parent company of Mindbody and ClassPass), on AI in fitness and the anticipated $7.5B EGYM merger. If you're attending or based in LA and want to meet up, email [email protected].

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