STOCK TITAN

Sharecare, Inc. - SHCR STOCK NEWS

Welcome to our dedicated page for Sharecare news (Ticker: SHCR), a resource for investors and traders seeking the latest updates and insights on Sharecare stock.

Sharecare, Inc. (SHCR) is a leading digital health company dedicated to helping people manage their health efficiently and effectively in one integrated platform. Sharecare’s innovative approach provides each user with a comprehensive and personalized health profile that connects them to a wealth of information, evidence-based programs, and health professionals, ensuring they can navigate their health journey with ease.

Founded with a mission to improve health outcomes across diverse populations, Sharecare’s platform is recognized for its ability to transform user engagement from episodic to everyday interactions. It serves as a single destination for individuals, patients, and caregivers to access quality, clinically reviewed content, engage with other community members and healthcare professionals, and implement action plans provided by top institutions.

Sharecare's array of award-winning technologies, validated clinical protocols, and best-in-class coaching tools support providers, employers, and health plans in delivering scalable, outcomes-based health and wellness solutions. Notably, Sharecare has garnered numerous accolades for its innovative app-based programs, digital therapeutics, and its flagship well-being and health navigation platform, which have shown significant results in cost savings and improved health outcomes for its clients.

In recent news, Sharecare has reported exceeding the high end of revenue guidance, a decrease in net loss, and record adjusted EBITDA margins. This strong financial performance underscores the company's ability to manage costs and drive operational efficiencies. Furthermore, Sharecare is on track to achieve its $30 million annualized cost savings initiative, setting a robust foundation for continued success into 2024.

The company has also announced a leadership transition, with Brent Layton set to assume the role of CEO. Layton brings over 30 years of healthcare and public policy experience, particularly in managing large, government-funded programs. His expertise is expected to drive further growth and innovation at Sharecare.

Sharecare’s dedication to quality has earned it multiple Digital Health Awards and three-year NCQA accreditations for its complex case management, population health program, and wellness and health promotion services. These accolades highlight Sharecare’s commitment to delivering personalized, accessible, and affordable healthcare solutions.

Looking ahead, Sharecare continues to explore strategic alternatives to maximize shareholder value, including potential acquisition proposals. The company's solid financial position, innovative product offerings, and strategic leadership are poised to foster sustainable, long-term growth.

For more detailed and up-to-date information about Sharecare, visit their official website.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
77%
Tags
-
Rhea-AI Summary

On June 19, 2024, Sharecare (NASDAQ: SHCR) announced the adoption of its 2024 Inducement Plan. The plan allows the company to grant inducement equity awards outside of its existing 2021 Omnibus Incentive Plan, targeting new employees or those rejoining after a period of non-employment. Up to 5,000,000 shares of common stock are allocated for this purpose. As of June 14, 2024, the Board has granted a total of 3,389,285 restricted stock units (RSUs) to five new employees. This includes 1,889,285 time-based RSUs and 1,500,000 performance-based RSUs. The RSUs will vest over three to four years, while the performance-based RSUs have a three-year performance period with cliff vesting, contingent on continuous employment and performance criteria.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Sharecare (Nasdaq: SHCR) announced it has won 22 awards in the Health Information Resource Center’s Spring 2024 Digital Health Awards competition. The accolades highlight Sharecare's flagship platform, clinically validated programs, digital therapeutics, and patient education content. Sharecare earned Gold in four categories, including a video series and an infographic about health disparities. Their enterprise platform for large employers and health plans received a Silver award for disease and population health management. Additional honors were given for content initiatives and mobile apps, including tools for tobacco cessation and anxiety.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none
Rhea-AI Summary

U.S. News & World Report has unveiled its 2024-2025 Best Places to Live ranking, highlighting 150 major U.S. cities based on value, desirability, job market, and quality of life.

Naples, Florida, claimed the top spot due to its strong job market and quality of life scores. Boise, Idaho, and Colorado Springs, Colorado, took the second and third places, respectively, due to their high value and desirability scores.

This year's rankings saw a significant shift with the inclusion of city-based data instead of metropolitan data, resulting in many new entries, especially from the Midwest and South. The Carolinas secured three of the top 10 positions, with Greenville, South Carolina at No. 4, Charlotte, North Carolina at No. 5, and Raleigh, North Carolina at No. 6.

The methodology considered job market, value, quality of life, and desirability, reflecting rising concerns about career prospects, housing affordability, and the cost of goods and services.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
-
Rhea-AI Summary

Sharecare, a digital health company, announced its Q1 2024 financial results, reporting revenue of $90.9 million, a decrease of 22% compared to the same period last year. The net loss increased slightly to $35.1 million, with adjusted net loss at $13.3 million. The company is actively discussing a potential sale or strategic transaction with multiple bidders. Despite revenue decline, Sharecare remains focused on growth and profitability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.03%
Tags
-
Rhea-AI Summary
Sharecare has been awarded a three-year Case Management Accreditation by the NCQA for its complex case management capabilities, adding to its existing accreditations for Population Health Program and Wellness and Health Promotion. The accreditation underscores Sharecare's commitment to quality in delivering personalized, accessible, and affordable healthcare solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.75%
Tags
none
Rhea-AI Summary
Sharecare, a digital health company, will report its first quarter fiscal 2024 financial results on May 9, 2024. The company will host a conference call to discuss the results on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.75%
Tags
conferences earnings
-
Rhea-AI Summary
Sharecare (SHCR) and Anthem Blue Cross and Blue Shield of Georgia launch a steps challenge to reward State Health Benefit Plan members and support two Georgia Title 1 schools. The initiative aims to promote healthy behaviors and community well-being.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.97%
Tags
none
-
Rhea-AI Summary
Sharecare (SHCR) announces financial results for Q4 and full year 2023, with revenue decline and increased net loss. CEO Brent Layton highlights innovation and growth potential in core business and new markets. Strategic review ongoing for potential sale. Former Xerox executive Nicole Torraco appointed to the Board. Financial outlook withheld. Non-GAAP measures adjusted EBITDA, net loss, and loss per share explained.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.34%
Tags
Rhea-AI Summary
Sharecare (SHCR) will report Q4 and full year fiscal 2023 financial results on March 28, 2024, after market close. A conference call to review results will be held at 4:30 p.m. EDT on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.53%
Tags
conferences earnings

FAQ

What does Sharecare, Inc. do?

Sharecare, Inc. is a digital health company that provides a comprehensive platform to help individuals manage their health in one place, offering personalized health profiles and access to health information, programs, and professionals.

How does Sharecare's platform benefit users?

Sharecare’s platform transforms user engagement with healthcare by providing a single destination for accessing quality content, connecting with others, and adopting healthcare action plans.

What recent financial achievements has Sharecare reported?

Sharecare has recently exceeded the high end of its revenue guidance, reported a decrease in net loss, and achieved record adjusted EBITDA margins.

Who is the new CEO of Sharecare?

Brent Layton, an experienced leader in healthcare and public policy, will assume the role of CEO starting January 2, 2024.

What awards has Sharecare recently won?

Sharecare has received multiple Digital Health Awards for its innovative app-based programs and comprehensive care solutions for large employers and health plans.

What accreditations has Sharecare achieved?

Sharecare has earned three-year NCQA accreditations for its complex case management, population health program, and wellness and health promotion services.

What strategic initiatives is Sharecare currently exploring?

Sharecare is evaluating multiple proposals for a potential sale transaction and other strategic alternatives to maximize shareholder value.

How does Sharecare support healthcare providers and employers?

Sharecare provides scalable, outcomes-based health and wellness solutions using innovative technologies, validated clinical protocols, and coaching tools.

How can I learn more about Sharecare's services?

For more information about Sharecare's services and offerings, visit their official website.

Who can benefit from Sharecare's platform?

Sharecare’s platform benefits individuals, patients, caregivers, healthcare providers, employers, health plans, and government organizations by optimizing health and well-being through personalized care.

Sharecare, Inc.

Nasdaq:SHCR

SHCR Rankings

SHCR Stock Data

498.83M
362.41M
9.79%
47.4%
4.54%
Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
Professional, Scientific, and Technical Services
Link
United States of America
ATLANTA