Sharecare Acquisition, Valuation, Funding & Investors
Sharecare was acquired by Altaris Capital Partners for $518M in June 2024, a 1.3x multiple on $404M of revenue.
Sharecare acquisition price
$518M
Acquired by Altaris Capital Partners · Jun 2024
Sharecare revenue at acquisition
$404M
Last twelve months · Jun 2024
Sharecare revenue multiple at acquisition
1.3x
EV/Revenue · Jun 2024
Cumulative funding Sharecare raised
$325M
across 7 funding rounds
About Sharecare
Sharecare is an Atlanta-headquartered digital health platform unifying personal health data for individuals, providers, and employers. Founded in 2010, it powers apps tracking fitness, nutrition, and chronic conditions via partnerships with Humana, American Express, and Cleveland Clinic. The platform processes data from wearables like Fitbit and Apple Watch, serving 100 million+ registered users with behavior change programs.
Founded
2010
HQ
Atlanta, GAWebsite
Status
Acquired
Customer focus
B2C & B2B
Revenue model
Subscription, Advertising
Revenue
$404M (Jun 2024)
Valuation
$2.6B (Jul 2018)
Sharecare Acquisition
Sharecare was acquired by Altaris Capital Partners for $518M on 21 June 2024.
The acquisition price implies a 1.3x revenue multiple on $404M of revenue.
Before the acquisition Sharecare had raised $325M across 7 funding rounds.
Sharecare, a digital health company that helps people manage health in one place and improves care quality, outcomes, and costs across the healthcare ecosystem, was acquired by Altaris Capital Partners, an investment firm exclusively focused on healthcare, in a take-private transaction for $1.43 per share in cash, implying an equity value of approximately $518-540 million. The deal, announced June 21, 2024, offered an 85% premium over Sharecare's June 20 closing price and an 87% premium over the 90-day volume-weighted average price. Sharecare, which went public in 2021 via a SPAC merger with Falcon Capital Acquisition Corp. for $3.9 billion and expanded into home health in 2021 by acquiring CareLinx for $65 million to access a network of over 450,000 tech-enabled caregivers, received stockholder approval on October 17, 2024, and closed on October 22, 2024, after which its Nasdaq-listed stock was delisted. Altaris, leveraging its healthcare expertise, provides Sharecare with capital, strategic flexibility, and operational support to execute its growth plan across three channels: population health, care coordination, and home-based services. Strategic rationale centers on maximizing stockholder value post a deliberate board process led by a special committee of independent directors, positioning Sharecare for innovation and client service without public market pressures. Deal structure includes no financing condition, customary approvals, Jeff Arnold rolling over most equity to remain a significant shareholder and executive chairman, Brent Layton continuing as CEO, the full executive team retained, Claritas Capital affiliates rolling over all holdings, and Sharecare operating standalone from Atlanta headquarters under its brand. The acquisition reflects competitive dynamics in digital health amid post-SPAC market challenges, enabling Sharecare to focus on core strengths like real-time care coordination and analytics without quarterly reporting demands.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 21 Jun 2024 | PE buyout | $518M | 1.3x |
Sharecare Valuation
Sharecare is currently valued at $2.6B, based on its undisclosed-stage round in July 2018.
The $20M round was led by Wells Fargo Strategic Capital.
Sharecare valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2018 | Undisclosed stage | $2.6B |
Sharecare Funding History
Sharecare has raised a total of $325M across 7 funding rounds.
Sharecare's first fundraising round was a $25M undisclosed-stage round in September 2013. The most recent completed round was a $70M undisclosed-stage round in January 2019.
Sharecare funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2019 | Undisclosed stage | - | $70M | - | Sharecare is a digital health and wellness engagement platform founded in 2010 that enables people to manage their health profiles in one centralized location. The platform allows users to share data about their health status and habits, which Sharecare uses to create personalized health profiles and connect users with health resources, programs, and professionals. As of April 2015, the company had engaged nearly 40 million people who had shared over 5 billion data points with the platform. Sharecare has raised capital from strategic investors across media, healthcare, and technology sectors, including Discovery Communications, Harpo Productions, Hearst Corporation, HCA, Trinity Health, and Heritage Healthcare Innovation Fund. By late 2019, Sharecare's total funding exceeded $425 million, and the company was recognized by Deloitte as one of the Technology Fast 500 fastest-growing companies in North America for the third consecutive year, ranking No. 425 among 500 companies. The company later completed a SPAC reverse merger on July 2, 2021, listing on NASDAQ under ticker SHCR with an implied post-money valuation of $3.9 billion. Sharecare has made strategic acquisitions including doc.ai, an enterprise AI platform for digital transformation in healthcare, and has expanded internationally with subsidiaries in Germany, France, Australia, New Zealand, and Brazil. |
| Jul 2018 | Undisclosed stage | Wells Fargo Strategic Capital (lead) | $20M | $2.6B | Sharecare is a digital health company offering a comprehensive mobile platform that enables users to manage their health through personalized profiles, assessments, evidence-based programs, and connections to health services, professionals, and community resources. The platform targets health transformation at individual, organizational, and community levels, with a focus on improving well-being metrics like Georgia's national ranking. Strategic investors include hospitals like HCA and Trinity Health, health plans such as CareFirst, media firms like Discovery Communications and Harpo Productions, technology investors like Claritas Capital, and others including Wellington Management, Quest Diagnostics, Wells Fargo, and Swiss Re. By some point after founding, Sharecare had raised more than $425 million in total capital, with Goldman Sachs acting as a financial advisor in a noted transaction. |
| May 2017 | Undisclosed stage | Summit Partners | $85M | - | Sharecare is a digital health and wellness engagement platform founded in 2010 by Jeff Arnold, founder of WebMD, and Dr. Mehmet Oz, providing personalized resources including health risk assessments like RealAge, symptom checker AskMD, and targeted messaging to optimize user health. On May 26, 2017, Summit Partners invested in Sharecare, bringing the company's total funding to $300 million. Prior to this, in April 2015, Sharecare raised $20 million from Wellington Management and $5 million from Trinity Health, increasing total funding to $160 million at that time, supporting mobile product development and partnerships with health systems. The 2017 Summit Partners investment aligned with Sharecare's growth phase, as the company partnered with Blue Cross Blue Shield of Minnesota for digital health management and Walmart for employee wellness, amid a period where it was one of seven startups raising over $100 million in H1 2017 per Rock Health. Nearly 40 million users had shared over 5 billion health data points by 2015, enabling comprehensive health profiles. Sharecare later went public in July 2021 via a SPAC merger with Falcon Capital Acquisition Corp. at a $3.9 billion valuation and raised $425 million in a PIPE. In June 2024, it was taken private by Altaris for $518 million. Total funding across 17 rounds reached $231.5 million by 2024, with investors including Discovery Communications, Harpo Productions, Hearst, HCA, and others. |
| Sep 2016 | Undisclosed stage | Swiss Re | $70M | - | Sharecare is a digital health company helping people manage all their health in one place through scientifically-validated health tools like the RealAge test, which estimates one's health and life expectancy. The company serves millions of users and provides personalized health recommendations and engagement solutions. In September 2016, Swiss Re, a leading wholesale provider of reinsurance and insurance products, formed a comprehensive multi-faceted partnership with Sharecare and made a strategic investment to support global expansion. The partnership focused on helping consumers address financial stress, identified as one of the leading causes of chronic health issues in the United States. Users would receive personalized content about the link between health and wealth, along with tools including a proprietary personal financial health assessment and step-by-step programs to improve financial standing. Swiss Re's investment brought Sharecare's total cumulative funding to more than $220 million, though the specific amount and valuation terms of Swiss Re's investment were not disclosed in the announcement. The partnership leveraged Sharecare's trusted relationships with millions of RealAge test takers and Swiss Re's expertise in risk management to address the estimated $10+ trillion protection gap in the U.S. middle market. |
| Apr 2015 | Undisclosed stage | Wellington Management (lead); Trinity Health; InvestMichigan; Arsenal Growth Equity; Hearst Ventures | $25M | - | Sharecare, a digital health company co-founded in 2010 by Dr. Mehmet Oz and Jeff Arnold, closed a $25 million funding round in April 2015 primarily to develop mobile tools for health optimization, including apps leveraging voice analysis technology from its recent acquisition of Feingold Technologies. Wellington Management provided the majority of the funding at $20 million as a new investor, with Trinity Health contributing $5 million; this brought total funding since inception to $160 million. The company planned to hire 150 staff over the next 12 months, focusing on technology, sales, marketing, and customer service to serve both B2C and B2B2C markets, particularly population health management solutions for systems like Trinity Health, which had prior investments and a 2014 partnership. Trinity Health's involvement dated back to 2013 via the Heritage Healthcare Innovation Fund, expanding to a system-wide partnership for personalized patient engagement platforms. Sharecare expressed interest in emerging wearables like the Apple Watch for future integration. By 2017, Sharecare's total financing exceeded $225 million, with strategic investors including HCA, Trinity Health, Heritage Healthcare Innovation Fund, Discovery Communications, Harpo Productions, Sony Pictures Television, Claritas Capital, Wellington Management, and Swiss Re; that year, it expanded partnerships such as with HMSA in Hawaii for statewide digital health rollout incorporating VR and 360-degree video experiences. No sources provided post-money valuation, revenue, ARR, EBITDA, or valuation multiples for the 2015 round. Other results unrelated to financial metrics included PCAOB issuer lists, UCB annual reports, tobacco treatment training data mentioning Healthyways (a Sharecare company), and SEC filings not specific to this round. |
| Mar 2014 | Undisclosed stage | HCA Healthcare | $30M | - | According to Sharecare's April 2015 press release, Trinity Health expanded its partnership with Sharecare by making a $5 million direct investment in the company. The release notes that Trinity had initially invested in Sharecare in 2013 through the Heritage Healthcare Innovation Fund and launched a system-wide partnership in 2014. Sharecare is described as a comprehensive digital health and wellness engagement platform that had engaged nearly 40 million people who shared more than 5 billion data points about their health status by April 2015. |
| Sep 2013 | Undisclosed stage | Heritage Group (lead) | $25M | - | Sharecare is a digital health and wellness engagement platform founded in 2010 by Jeff Arnold and Dr. Mehmet Oz. The company provides personalized health management through clinically-proven assessments, content, and tools, with a focus on helping health systems, payers, and employers engage their patient populations to improve health outcomes. On September 26, 2013, Sharecare announced a strategic investment from Heritage Group, a Nashville-based healthcare investment firm. The round brought Sharecare's total cumulative funding to $91 million. Heritage Group, created by leading healthcare services firms including Amedisys, Cardinal Health, CHE Trinity Health, Community Health Systems, and others, operated the $167 million Heritage Healthcare Innovation Fund. Rock Morphis, managing director of Heritage Group, joined Sharecare's board as part of the investment. By April 2015, the company had raised a total of $160 million and reported that nearly 40 million people had shared more than 5 billion data points with Sharecare's platform. |
Who has invested in Sharecare?
10 investors have backed Sharecare across its funding rounds, including Wellington Management, Summit Partners, Hearst Ventures, Arsenal Growth Equity, Heritage Group and Wells Fargo Strategic Capital.
Lead investors include Wells Fargo Strategic Capital, Wellington Management and Heritage Group.
Sharecare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Nashville, TN | 1 | Participant | Mar 2014 | |
| Detroit, MI | 1 | Participant | Apr 2015 | |
| Boston, MA | 1 | Lead | Apr 2015 | |
| Detroit, MI | 1 | Participant | Apr 2015 | |
| Orlando, FL | 1 | Participant | Apr 2015 | |
| San Francisco, CA | 1 | Lead | Jul 2018 | |
| Nashville, TN | 1 | Lead | Sep 2013 | |
| New York City, NY | 1 | Participant | Apr 2015 | |
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Start Free TrialAcquisitions by Sharecare
Sharecare has acquired 10 companies to date.
Last acquisition by Sharecare was on August 11th 2021. Sharecare acquired CareLinx for $65M.
Latest Acquisitions by Sharecare
| Description | - | Doc.ai is a San Francisco-headquartered AI company processing poly-omics data pipelines to structure medical information for analysis and model development. Its consumer app serves as a research companion for personal-omics collection and digital health trials, offering participants financial incentives. The firm licenses AI modules and builds products for payers, pharmaceutical companies, healthcare providers, and patient organizations. Focused on accelerating medical research and care transformation through real-world data handling. | - | MindSciences is a Worcester, Massachusetts-headquartered developer of digital therapeutics founded in 2014. The company combines mindfulness practices, neuroscience, and technology to address cravings, addictions, and behavior change through apps like Dr. Jud. | |
| HQ Country | | | | | |
| HQ City | - | San Francisco, CA | - | Worcester, MA | |
| Deal Date | 11 Aug 2021 | 28 Jan 2021 | 27 Jul 2020 | 3 Jun 2020 | |
| Valuation | $65M | $120M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Sharecare acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Sharecare Competitors
Sharecare competitors include listed companies like Guiyang Longmaster and Medley Inc., and private ones like mfine, Truemeds, Helian Health and KAKEHASHI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $44M | $5M | $482M | - | |
 Japan | Publicly listed | $236M | $32M | $459M | 1.8x | |
 Bangalore | Private | - | - | $450M | - | |
| Mumbai | Private | $55M | - | $400M | 7.3x | |
| Hangzhou | Private | - | - | $900M | - | |
| Tokyo | Private | - | - | $293M | - |
Sharecare Public Comps
Sharecare is no longer listed, but its public comps include Veradigm, Claritev, Equasens, Heren Health, Shang Gong Group, Guiyang Longmaster, GPI Group, Medley Inc., RaySearch Labs and Lunit.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $588M | $54M | 0.9x | 0.9x | 9.8x | 6.8x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $272M | $75M | 1.9x | 1.8x | 7.0x | 6.7x | |||
| $65M | $11M | 7.4x | - | 42.4x | - | |||
| $649M | $27M | 1.0x | - | 23.7x | - | |||
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $628M | $117M | 1.4x | 1.4x | 7.3x | 6.5x | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
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Common questions about Sharecare
| When was Sharecare founded? | Sharecare was founded in 2010. |
| Where is Sharecare headquartered? | Sharecare is headquartered in Atlanta, GA, United States. |
| Is Sharecare publicly listed? | No, Sharecare was acquired by Altaris Capital Partners in June 2024. |
| Who acquired Sharecare? | Sharecare was acquired by Altaris Capital Partners in June 2024. |
| How much was Sharecare acquired for? | Sharecare was acquired for $518M in June 2024, a 1.3x revenue multiple. |
| What is Sharecare's valuation? | Sharecare was last valued at $2.6B in its undisclosed-stage round in July 2018. |
| How much funding has Sharecare raised? | Sharecare has raised $325M across 7 funding rounds. |
| What was Sharecare's last funding round? | Sharecare's last funding round was a $70M undisclosed-stage round in January 2019. |
| Who are Sharecare's investors? | Sharecare's investors include HCA Healthcare, Trinity Health, Wellington Management, InvestMichigan, Arsenal Growth Equity, Wells Fargo Strategic Capital, Heritage Group, Hearst Ventures, Swiss Re and Summit Partners. |
| Which companies are comparable to Sharecare? | Companies comparable to Sharecare include Guiyang Longmaster, Medley Inc., mfine, Truemeds, Helian Health and KAKEHASHI. |
| How many companies has Sharecare acquired? | Sharecare has acquired 10 companies, including CareLinx, doc.ai, WhiteHatAI, MindSciences and Visualize Health. |
| What was the largest acquisition by Sharecare? | The $120M acquisition of doc.ai in January 2021 is the largest acquisition Sharecare has made to date. |
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