Sharecare, Inc. - SHCR STOCK NEWS

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.

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.

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.

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.