Sharecare, Inc. Completes Acquisition by Altaris, LLC; Shareholders Receive $1.43 Per Share in Cash

Sharecare, Inc. (NASDAQ: SHCR) announced today the completion of its acquisition by Altaris, LLC, an investment firm exclusively focused on the healthcare industry. The acquisition, which was finalized on October 22, 2024, resulted in shareholders receiving $1.43 per share in cash. Altaris, LLC is the parent company of Impact Acquiror Inc. and Impact Merger Sub Inc., which merged with Sharecare, Inc., making Sharecare a subsidiary of Altaris.

The acquisition was executed in accordance with the Agreement and Plan of Merger dated June 21, 2024. The completion of the merger resulted in the delisting of Sharecare’s common stock and warrants from The Nasdaq Stock Market LLC. In response to the transaction, Sharecare issued a press release highlighting the strategic move and its focus on improving care quality, enhancing outcomes, and reducing costs within the healthcare ecosystem.

Jeff Arnold, founder, and executive chairman of the Sharecare Board of Directors, expressed satisfaction with the transaction, stating it was in the best interest of the company, clients, and stockholders. Altaris brings a growth-oriented investment approach to Sharecare, aligning with the company’s vision and strategic growth plan, aimed at maximizing Sharecare’s potential across various healthcare channels.

Brent Layton, CEO of Sharecare, emphasized the operational flexibility the merger provides, enabling the company to concentrate on profitable growth and innovation. Sharecare aims to enhance its offerings, including benefits navigation, coaching, wellness programs, and health information management, to better serve employers, health plans, managed care organizations, providers, and life sciences companies.

As a part of the acquisition, Jeff Arnold and Claritas Capital, LLC affiliates maintain significant stakes in Sharecare, illustrating their ongoing commitment to the company’s future growth. Sharecare’s leadership team remains intact, focusing on delivering value to customers and driving sustainable growth post-acquisition. The company will continue to operate independently under Altaris ownership, headquartered in Atlanta.

Financial and legal advisors Houlihan Lokey, MTS Health Partners, Wachtell, Lipton, Rosen & Katz, Kirkland & Ellis LLP, King & Spalding LLC, RBC Capital Markets, LLC, and Ropes & Gray LLP contributed to the successful completion of the merger. Sharecare’s innovative healthcare solutions aim to enhance personalized care and drive value in the industry while under Altaris’ ownership.

For further information on Sharecare, visit www.sharecare.com. Altaris, headquartered in New York City, focuses on acquiring and developing companies within the healthcare sector. With over 50 investments in diverse healthcare subsectors, Altaris continues its commitment to adding value to the healthcare system and delivering returns to investors. Learn more about Altaris at www.altariscap.com.

Contact Information:
Investor Relations: [email protected]
Media Relations: Jen Martin Hall, [email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sharecare’s 8K filing here.

Sharecare Company Profile

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to improve their health and well-being.