Altaris Acquires Sharecare

New York, NY – Altaris, LLC (collectively with its managed funds, “Altaris”) announced today that it has completed the acquisition of Sharecare, Inc. (“Sharecare”) in a take-private transaction for $1.43 per share. The transaction was announced on June 21, 2024 and received approval from Sharecare’s stockholders on October 17, 2024. As a result, Sharecare’s common stock ceased trading and will be delisted from the Nasdaq stock market.

Sharecare is a digital health company that provides software and tech-enabled services to stakeholders across the healthcare ecosystem. Leveraging its integrated, data-driven platform, Sharecare enables access to health information with solutions such as benefits navigation, personalized coaching, and health information management, helping health plan sponsors, healthcare providers, and pharmaceutical companies improve quality of care and drive better outcomes. Sharecare’s offerings currently cover 12.4 million lives and over 8,000 hospitals and physician practices.

Jeff Arnold, Sharecare’s founder, rolled over the majority of his equity holding and will continue to serve as the company’s executive chair. Sharecare’s leadership team will remain in place and the company will maintain its headquarters in Atlanta, Georgia, operating as a standalone company under Altaris’ ownership.

Advisors

Houlihan Lokey and MTS Health Partners acted as financial advisors to Sharecare’s Special Committee, and Wachtell, Lipton, Rosen & Katz served as legal advisor. Kirkland & Ellis LLP acted as legal advisor to Altaris. King & Spalding LLC acted as legal advisor to Jeff Arnold.

About Altaris

Altaris is an investment firm with an exclusive focus on acquiring and building companies in the healthcare industry. Since its inception in 2003, Altaris has invested in more than 50 companies across a range of healthcare subsectors, with a consistent goal of delivering value to the healthcare system and generating attractive financial returns for investors. Altaris is headquartered in New York City and manages $10 billion of equity capital. For more information, please visit www.altariscap.com.