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.
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.
Sharecare (Nasdaq: SHCR) will release its fiscal Q2 2021 financial results on August 11, 2021, before market open. A conference call will occur at 8:00 a.m. ET on the same day to discuss the results, accessible via phone or live audio webcast. The call will be available for replay for approximately 90 days. Sharecare focuses on unifying health management through its digital platform, aimed at enhancing individual and population well-being.
Sharecare (Nasdaq: SHCR), a digital health company, announced participation in the 41st Annual Canaccord Genuity Growth Conference. CEO Jeff Arnold and CFO Justin Ferrero will present on August 12, 2021, at 11:30 a.m. E.T.. A webcast link will be available for online viewing. Sharecare focuses on helping individuals manage their health through a comprehensive virtual platform, aiming for improved accessibility and affordability of care.
Hornets Sports & Entertainment and Sharecare announced that Spectrum Center is now Sharecare Health Security VERIFIED™, marking a significant health and safety milestone as it becomes the first arena in North Carolina and the second NBA venue to achieve this status. The verification confirms adherence to over 140 health protocols. Spectrum Center has previously achieved two other certifications: GBAC STAR and WELL Health-Safety Rating, making it the first U.S. sports venue recognized by all three. The arena will reopen at 100% capacity for various events starting in August.
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