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 (formerly Nasdaq: SHCR) is a digital healthcare company that frequently features in health technology, corporate, and community well-being news. Company announcements highlight its efforts to improve care quality, drive better outcomes, and lower costs through a comprehensive, data-driven virtual health platform that helps people manage their health in one place. News coverage often focuses on how Sharecare’s software and tech-enabled services support health plans, providers, employers, government organizations, communities, and life sciences brands.
Readers following Sharecare-related news can expect updates on new digital navigation capabilities, such as platforms purpose-built for specific populations, as well as developments across its three business channels: health plan sponsors and health plans, provider-focused Health Data Solutions, and life sciences engagement. Articles describe how Sharecare’s tools address issues like low health literacy, treatment adherence, and communication gaps between patients and providers through interactive, condition-specific education and immersive media experiences.
Corporate news has also included information about Sharecare’s strategic and financial milestones, such as quarterly financial results, strategic reviews, and the process leading to its acquisition by Altaris, LLC. These releases provide insight into the company’s operational priorities, including cost optimization initiatives, globalization efforts, and investments in innovation across its platform and service lines.
In addition, Sharecare appears in stories about population health and community well-being through Blue Zones Project by Sharecare, which works with local partners to implement evidence-based best practices in environment, policy, and social connection. For investors and observers interested in digital health, health information management, and population well-being initiatives, the Sharecare news feed offers a centralized view of the company’s product launches, strategic transactions, and program outcomes. Users may find it helpful to revisit this page regularly to see the latest company-issued updates and related coverage.
Sharecare (Nasdaq: SHCR) has launched Unwinding by Sharecare, a mental well-being app aimed at helping users manage stress and develop healthier habits. The app, based on research from Dr. Jud Brewer, features mindfulness techniques designed to address stress-related behaviors. Users gain access to resources like science-based classes, exclusive live events with experts, and over 100 personalized stress reduction tools. The app is available for a limited introductory price of $35.99 annually, down from $59.99. It's seen as a valuable addition to Sharecare’s digital health offerings.
On September 15, 2021, Sharecare (Nasdaq: SHCR) announced the addition of Jaffry Mohammed and Kevin O'Laughlin to its executive leadership team, aimed at accelerating growth in its Enterprise and Provider channels. Mohammed, with over 20 years in healthcare, joins from UST, while O'Laughlin comes from Salesforce, focusing on sales and account management. Sharecare serves nearly 9 million lives and aims to hire over 100 new sales personnel to enhance client engagement. The company continues to expand its client base, renewing contracts with significant partners in the healthcare sector.
Sharecare, in collaboration with Boston University School of Public Health, published a report indicating significant resilience and well-being improvements in U.S. metropolitan areas during 2020, while rural communities lagged. The report ranks the San Francisco-Oakland-Hayward area highest in community well-being, while Pine Bluff, Arkansas, ranked last. Sharecare’s Index evaluates communities based on ten domains, showcasing disparities and highlighting the need for data-driven dialogue to address health equity. The study surveyed over 453,705 residents, representing a comprehensive national perspective.
Sharecare (Nasdaq: SHCR), the digital health company, announced upcoming investor conference participations. Co-founder and CEO Jeff Arnold, along with President and CFO Justin Ferrero, will attend the Morgan Stanley Virtual Global Healthcare Conference on September 9, 2021, at 8:00 a.m. ET, and the Baird's 2021 Global Healthcare Conference on September 14, 2021, at 9:05 a.m. ET. Sharecare aims to unify health management, making care accessible and affordable. The company recently completed a merger with Falcon Capital Acquisition Corp., gaining over $571 million in gross proceeds.
Sharecare (Nasdaq: SHCR) announced on Aug. 18, 2021, enhancements to its digital health solutions aimed at improving patient engagement for pharmaceutical and life sciences brands. Four new tools, launching in Q4 2021, include a social media aggregator, a condition-specific chatbot, a virtual assistant, and interactive data visualization features. These tools are designed to address unique health needs and enhance the overall health journey for users, helping them access information and resources effectively. Sharecare aims to foster better connections between patients and healthcare brands with these innovations.
Sharecare (Nasdaq: SHCR) announced that its CEO Jeff Arnold and CFO Justin Ferrero will present at the BTIG HIMSS Digital Health Virtual Booth Tour on August 12, 2021, at 10:00 a.m. E.T. The presentation will showcase how Sharecare, a leading digital health company, helps individuals manage their health through a comprehensive platform. Sharecare aims to improve access to quality care and promotes positive health behaviors. For details, the webcast link is available here.
On August 11, 2021, PM360 announced finalists for its 13th annual Trailblazer Awards, celebrating innovation in the life sciences industry. A total of 139 finalists were named across six categories, focusing on outstanding achievements of companies, marketers, and initiatives. Ed Wise, CEO of Omnicom Health Group, received the Lifetime Achievement Award for his contributions to healthcare communications. Winners will be recognized during a virtual event on September 23, 2021. The awards highlight the industry's resilience and commitment to supporting patients and healthcare providers during the pandemic.
Sharecare (Nasdaq: SHCR) reported financial results for Q2 2021, achieving revenue of $98.5 million, a 26% increase year-over-year. The company updated its FY 2021 revenue outlook to $414M to $415M, reflecting strong performance. Despite a net loss of $20.2 million, adjusted EBITDA reached $6.6 million, exceeding guidance. The acquisition of CareLinx aims to enhance care coordination and adds $2 million in revenue for Q3 2021. FY 2021 EBITDA is now expected to be $28M to $30M, down from $31M due to acquisition costs.
Sharecare (Nasdaq: SHCR) has successfully closed the acquisition of CareLinx, a leading digital platform for tech-enabled care providers, from Europ Assistance. This $65 million deal consists of $54.6 million in cash and $10.4 million in stock. The acquisition is expected to enhance Sharecare's digital health platform by integrating CareLinx's network of over 450,000 caregivers, thus improving home-based care solutions. CareLinx aims to achieve $20 million in revenue for 2021, with an organic growth projection of at least 75% in 2022, expanding Sharecare's total addressable market by $7 billion for home care.
Tivity Health (Nasdaq:TVTY) reported Q2 2021 revenues of $120.1 million, a 47% increase from Q2 2020, driven largely by SilverSneakers which saw a $41.6 million rise in revenue due to increased gym visits. However, income from continuing operations fell to $8.8 million, down $8.4 million year-over-year, impacted by a $19 million loss on debt refinancing. Adjusted EBITDA remained steady at $41.5 million but as a margin, it dipped to 34.6%. The company ended the quarter with $24.2 million in cash and a net leverage ratio of 2.18.
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