Sharecare Inc Stock Price, News & Analysis

Sharecare (SHCR) has unveiled two innovative healthcare solutions: AR Wellness Lens and Condition Metamorphosis, part of a planned rollout of 10 new interactive tools. These solutions leverage augmented reality and AI to improve medication adherence and patient education. AR Wellness Lens, a mobile-exclusive experience, has shown to improve medication adherence by 33% and reduce anxiety by 30% by allowing patients to visualize disease progression on their own bodies. Condition Metamorphosis uses time-based visualization to demonstrate treatment impacts over time, with visual aids proven to improve medication adherence by 25%. The company's recent solutions have demonstrated significant success, generating 2-3x better audience quality than data partners and achieving an 83% NPS lift in primary care and 990% in specialty care for new prescription starts. Users of Sharecare's programs are 63% more likely to discuss their conditions with doctors.

Sharecare (SHCR) has appointed Elizabeth Delahoussaye as Chief Privacy Officer of its Health Data Solutions division. Delahoussaye, a seasoned healthcare compliance expert with over 20 years of experience, joins from CIOX Health where she served as CPO since 2016.

The appointment strengthens Sharecare's Health Data Solutions business channel, which specializes in release of information (ROI) services and provides solutions for revenue generation while reducing administrative burden for healthcare providers. Delahoussaye will help clients navigate regulatory challenges while supporting business growth.

The company's Health Data Solutions offerings include

• ROI and audit fulfillment
• Medical record support services
• FMLA and disability form completion
• Value-based care enablement
• Revenue cycle support
• Clinical and non-clinical home care
• Healthcare professional staffing

Sharecare has secured 17 Digital Health Awards in the Fall 2024 competition, including five Gold awards for its health navigation platform, tobacco cessation digital therapeutic, social media channels, and multiple sclerosis education tool. The company earned recognition across various categories, highlighting its NCQA-accredited disease management and population health capabilities.

As one of only three companies holding three simultaneous NCQA Accreditations, Sharecare demonstrates its commitment to quality healthcare delivery through its enterprise platform, digital therapeutics, and patient education content. The awards span multiple categories including Connected Digital Health, Social Media, Mobile Digital Health Resources, and Digital Health Media/Publications.

Sharecare (SHCR) has launched six new interactive media solutions aimed at improving health literacy and patient-provider communication. The new offerings include: Condition Cloud for health education, Condition Explorer for disease progression understanding, Condition Matrix for body system exploration, Animated Condition Guide for simplified health information, Dx Dialogues for physician education, and HealthLink for patient-provider alignment.

The company reports that their programs deliver 2-3 times better audience quality than other data partners and achieve 83% new prescription scripts among primary care physicians. Users engaging with Sharecare's programs are 63% more likely to have related doctor conversations.

Sharecare, a health tech company, has been acquired by Altaris for $1.43 per share in cash. The transaction, announced on June 21, 2024, received stockholder approval on October 17, 2024. As a result, Sharecare's common stock has ceased trading on the Nasdaq stock market.

Jeff Arnold, Sharecare's founder and executive chairman, stated that the acquisition delivers significant value to stockholders and provides support from an experienced, growth-oriented investor. Brent Layton, CEO of Sharecare, emphasized that the take-private transaction offers operational flexibility for profitable growth and continued innovation.

Arnold and certain affiliates of Claritas Capital will remain significant shareholders. Sharecare's leadership team will stay in place, maintaining its Atlanta headquarters and operating under its existing brand as a standalone company under Altaris' ownership.

Georgia's State Health Benefit Plan (SHBP) and Sharecare (Nasdaq: SHCR) have launched an OnMed CareStation in the Sloppy Floyd Building in Atlanta. This tech-enabled primary care solution is available at no additional cost to active state employees, including those not covered under SHBP, and school system employees covered by SHBP plans. The CareStation offers services such as blood pressure monitoring, various exams, prescription services, and treatments for common conditions.

The station operates from 8 a.m. to 4 p.m., Monday through Friday, without appointments. This initiative expands the Be Well SHBP® program, aiming to enhance health access for state employees. An open house will be held from September 16-20, with a ribbon-cutting ceremony on September 20.

Salinas, California has become the first certified Blue Zones Community® in Monterey County, as announced by Sharecare (Nasdaq: SHCR) and Blue Zones, This certification recognizes Salinas' success in implementing the Blue Zones Project®, a population health initiative that integrates best practices in built environment, policy, and social connection.

Since 2018, the project has led to significant improvements in Salinas, including:

• A 5.9-point increase in overall community well-being score
• An increase from 58.8% to 66.6% in residents reporting they are thriving
• A rise to 65.5% of residents exercising regularly
• A 54% decrease in residents reporting high cholesterol
• Tobacco use down to 2.8%
• $21.7 million in add-on funding for well-being projects
• $43.7 million in avoided medical and lost productivity costs

The project engaged over 18,500 individuals and 98 organizations, implementing 36 new community policies and initiatives to support better health among residents.

Sharecare (Nasdaq: SHCR) reported Q2 2024 financial results, showing a 14.6% decrease in revenue to $94.3 million compared to Q2 2023. The company's net loss increased to $42.0 million from $35.1 million year-over-year. Adjusted EBITDA was near break-even, down from $3.3 million in Q2 2023. Sharecare highlighted the successful launch of its new Medicaid platform to 750,000 members on July 1, 2024. The company also noted continued growth in its Provider and Life Sciences channels. Sharecare previously announced a definitive agreement to be acquired by Altaris, for $1.43 per share in cash, with the transaction expected to close by the end of 2024.

Sharecare (Nasdaq: SHCR), a digital health company, will be acquired by Altaris, an investment firm specializing in healthcare. Sharecare shareholders will receive $1.43 per share in cash, a premium of 85% over the closing price on June 20, 2024, and 87% over the 90-day average. The transaction will make Sharecare a privately held company, delisting it from Nasdaq. The merger aims to enhance Sharecare's innovation and service delivery. The deal, endorsed by Sharecare's Board and a Special Committee, is expected to close in H2 2024, pending shareholder and regulatory approval. Jeff Arnold will remain executive chairman, and Brent Layton will continue as CEO.