What You Should Know:
– Sharecare acquires doc.ai to expand its engineering expertise, accelerate digital transformation of healthcare through innovative AI platform for an undisclosed sum.
– Founded in 2016, the company licenses AI modules and creates products for a portfolio of clients, including payers, pharma and providers.
– As part of the acquisition, Anthem will now become a strategic partner with Sharecare.
Sharecare, the digital health company that helps people manage all their health in one place, today announced it has acquired doc.ai, an Silicon Valley-based enterprise artificial intelligence (AI) platform accelerating digital transformation in healthcare. Financial terms of the acquisition were not disclosed.
Accelerating Digital Transformation in Healthcare
Founded in 2016, doc.ai has spent the last five years fostering better health outcomes for current and future generations through accessible data, AI, and zero-trust infrastructure. Last fall, the company landed a strategic partnership with health insurer Anthem to utilize its doc.ai‘s platform and portfolio of privacy-first technologies and artificial intelligence software services to drive personalization of its digital assets and create improved value for users.
Post-Acquisition Plans
As part of the acquisition, Sharecare adds to its team more than 70 engineers with 11 PhDs who have developed technology and product offerings that enable clients to launch products faster and at lower costs. The digital health company also is making key executive leadership appointments, including naming doc.ai co-founders Sam De Brouwer and Walter De Brouwer as Sharecare’s new chief strategy officer and chief science officer, respectively, and integrating other senior management into the company’s leadership team.
As a significant relationship to doc.ai, Anthem now becomes a strategic partner with Sharecare as part of the transaction and Rajeev Ronanki, senior vice president and chief digital officer at Anthem, will join Sharecare’s board of directors.
“Over the last five years, we have worked tirelessly to foster better health outcomes for current and future generations through accessible data, AI, and zero trust infrastructure, and we are fortunate to join the exceptional team of like-minded innovators at Sharecare,” said Sam De Brouwer. “We are fiercely committed to building privacy-first solutions that drive demonstrable value for end users, and we are excited about the opportunity to scale that work under Jeff’s vision and through Sharecare’s extensive customer base.”
