ShareСare for 3.9 billion?


Date: 15.02.2021

Digital health startup Sharecare Inc has agreed to go public through a merger with a blank-check firm backed by veteran investment banker Alan Mnuchin, in a deal that values ​​the combined company at $ 3.9 billion.

The deal will be funded with a $ 425 million private investment, led by Koch Strategic Platforms, Baron Capital Group, Eldridge and Woodline Partners LP.

Sharecare's deal with Falcon Capital Acquisition Corp is the latest among app-based healthcare providers taking the SPAC route to go public.

Founded in 2012 by WebMD founder Jeff Arnold, Atlanta-based Sharecare is an online healthcare platform that provides its customers with advice on health and lifestyle-related matters. Arnold will continue to lead the merged entity as chief executive officer.

The article was prepared based on the information: Reuters

Views: 11

Leave a request

Select option
Thank you, application submitted.