Tag Archives: oceania

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More than 100 Aussie start-up workers to receive overnight windfall

Employee shareholders at an Aussie start-up are set for a big pay day after the company was acquired for $1.6 billion.

Digital health company Eucalyptus was acquired by American telehealth company Hims and Hers for $1.6 billion late last week.

The seven-year-old Australian business owns online weight loss services Juniper and Pilot, which prescribe GLP-1 medication similar to Ozempic and Mounjaro.

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Eucalyptus founder Tim Doyle at the AFR Entrepreneur Summit in 2023.

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Eucalyptus also runs other telehealth services including a fertility program.

The sale will lead to one of the biggest staff share pay-outs in Australian corporate history and give early-stage backers a big pay day.

The Australian Financial Review has reported the value of the shares under the deal, excluding its co-founders, was about $300 million.

The average employee participant is expected to pocket $420,000, with more than 100 to benefit from the sale.

The AFR reported former Eucalyptus chief commercial officer Joe Harris made more than $1 million from the sale.

Eucalyptus chief executive and co-founder Tim Doyle is in line for $163 million by 2029 if he hits several targets.

Early investors including Blackbird Ventures, Who Gives a Crap toilet paper founder Simon Griffiths and Co Ventures founder Maxine Minter will also benefit from the acquisition.

Doyle described the acquisition as a "full circle moment" for the start-up.

"When we were launching Eucalyptus, we drew inspiration from Hims & Hers," he said.

"Hims & Hers is the best-positioned business in the world to be the home for consumer health.

"This is also a moment to look backward and say thank you – to our investors, staff, clinicians, partners and our patients."

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NSW Transport releases footage of multiple close calls on roads across the state

Transport NSW has issued a "stark reminder" for pedestrians and motorists to remain alert, releasing footage of multiple close encounters on roads across the state as part of a safety campaign.

The Be Bus Aware campaign is a strategy aimed at raising awareness surrounding the safety of NSW's most accessible form of transport.

Transport for NSW Coordinator-General, Howard Collins, said more than 345 million trips are taken by bus each year across more than 800 of the vehicles statewide.

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A car pulling out in front of an oncoming vehicle captured on a dashcam.

"Buses are large, heavy vehicles and can't stop quickly, so all road users need to give them space," Collins said.

"Do not cut in front of or tailgate a bus, and take extra care when travelling in a bus's blind spot, as the driver may not be able to see you.

"The footage released today is a stark reminder for both motorists and pedestrians to always be bus aware.

"When out walking, stay alert.

"Cross the road at a safe place, such as a pedestrian crossing or traffic lights, or somewhere with a good line of sight, to see approaching traffic, and so they can see you, and never step out in front of a bus."

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A car pulling out in front of an oncoming vehicle captured on a dashcam.

Between 2021 and 2025, there have been 45 fatalities from bus crashes across NSW.

Among the deaths were 12 drivers of other vehicles, 10 pedestrians and four motorcyclists. 

As part of Bus Safety Week, NSW Transport will raise awareness by displaying safety messages across social media, audio messages, visual signage at train stations and on major overhead roads.

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