Sharecare Closes New Investment, Brings Total Funding to More Than $300 Million
May 26 2017 - 9:19AM
Sharecare, the award-winning digital health company founded by
industry pioneer Jeff Arnold and Dr. Mehmet Oz, today announced
that it has received an investment from global alternative
investment firm, Summit Partners. Sharecare will use the debt
capital to fund new capabilities and acquire talent to support the
aggressive growth trajectory of both the company and its platform,
where people can manage all their health in one place.
“With 11 acquisitions in six years, we have been thoughtful and
opportunistic in scaling our rapid growth while adapting to
changing market dynamics and needs – and we couldn’t have done that
without the support of our incredible investors,” said Justin
Ferrero, president of Sharecare. “With this latest investment, we
are ideally positioned to pursue the opportunities and acquisitions
that will fuel the next phase of Sharecare’s growth.”
Founded in 2010, Sharecare’s comprehensive platform leverages
the power and ubiquity of the smartphone to provide people with
access to the care they need, when they need it. Whether someone’s
path to Sharecare originates as an employee, health plan member,
patient, self-motivated individual or caregiver, the Sharecare
platform simultaneously focuses on an individual’s holistic health
needs to drive meaningful daily engagement, while aggregating a
critical mass of behavioral data. Artificial intelligence is
applied to that data in real-time to more accurately personalize
recommendations, and predict and influence positive outcomes for
each individual, which enables anyone to simplify, engage with and
manage their health, all in one place.
The reach of Sharecare’s investors extends from the living room
to doctors’ exam rooms and into the workplace, alike. Including the
debt capital raised in this most recent round, Sharecare’s
strategic investors include hospitals, health care investment firms
and health plans, in particular, HCA (NYSE:HCA), Trinity Health,
the Heritage Healthcare Innovation Fund and Hawai‘i Medical Service
Association (HMSA); media companies Discovery Communications, Harpo
Productions and Sony Pictures Television; high growth technology
investment firms such as Claritas Capital; noted crossover fund
Wellington Management; Wells Fargo; and Swiss Re, one of the
world’s largest reinsurance providers. In 2017 alone, Sharecare has
raised more than $100 million in new funding; and more than $300
million in total capital since its founding in 2010.
About SharecareSharecare is the digital health
company that helps people manage all their health in one place. The
Sharecare platform provides each person – no matter where they are
in their health journey – with a comprehensive and personalized
health profile, where they can dynamically and easily connect to
the information, evidence-based programs and health professionals
they need to live their healthiest, happiest and most productive
life. With award-winning and innovative frictionless
technologies, scientifically validated clinical protocols and
best-in-class coaching tools, Sharecare helps providers, employers
and health plans effectively scale outcomes-based health and
wellness solutions across their entire populations. To learn more,
visit www.sharecare.com.
Media Contact: Jen Martin Hall
jen@sharecare.com
404.307.4649
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