The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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Sharecare
Wellstar Invests $10M to Become First Sharecare-Enabled Health System
Wellstar Health System, one of Georgia’s largest and most integrated healthcare systems, and Sharecare, the digital health company that helps people manage all their health in one place, announced a strategic partnership to collaborate on unique, market-leading innovations in personalized care delivery, population health, and consumer engagement. Through this partnership, Wellstar also will become the first “Sharecare-enabled” health system in the country, utilizing Sharecare’s solutions to
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Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation
What You Should Know:
- Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B.
- The transaction is expected to be funded through a combination of Falcon's $345 million of cash in trust (assuming no redemptions) supported by a $425 million fully committed PIPE at $10.00 per share and the Anthem
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Sharecare Acquires AI-Enabled Digital Transformation Platform doc.ai
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
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Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund
What You Should Know:
- Healthcare private equity firm Heritage Group launches a $300M fund to invest in high-growth healthcare services and technology companies.
- Heritage is backed by some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers.
Heritage Group, a Nashville, TN-based healthcare-focused private equity firm, today announced the closing of over $300 million in its oversubscribed third fund, an
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Amazon Alexa, Sharecare Integrate to Answer More than 80k Health & Wellness Questions
What You Should Know:
- Sharecare integrates with Amazon Alexa’s voice service
to answer more than 80,000 health and wellness questions.
- And now, when Alexa responds to customers’ questions
about health topics, Sharecare is among the roster of trusted health
information sources to which the voice service attributes answers.
Sharecare, the digital health
company that helps people manage all their health in one place through its
comprehensive and data-driven virtual
heath
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Sharecare Acquires WhiteHatAI to Enhance Healthcare Payment Integrity
What You Should Know:
- Sharecare acquires WhiteHatAI to provide health plan
and provider clients with additional capabilities to ensure healthcare payment
integrity
- WhiteHatAI’s ability to detect erroneous claims before
they are paid will help Sharecare’s health plan partners reduce costs
associated with FWA.
- Sharecare will integrate WhiteHatAI’s capabilities to
foster deeper engagement by enabling patients to both verify recent medical
procedures and report
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Sharecare Launches Digital COVID-19 Return-to-Work Solution for Employers
What You Should Know:
- Sharecare launches its offering for employers: Well-Being@Work, a virtual solution for COVID-19 that’s integrated with its app-based digital health platform for managing consumer health and well-being.
- The offering is designed for employers – organizations
of any kind – to support their workforces as they return to work when the time
is right (and whether they’re working virtually or remotely).
- The solution features digital health pass, daily screener,
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Sharecare Acquires Evidence-Based Behavior Change Apps MindSciences
What You Should Know:
- Sharecare announced the acquisition of Boston-based MindSciences, an evidence-based behavior change suite of apps focused on mental health (anxiety, stress management), smoking cessation, and weight loss/binge eating, and more.
- The acquisition rounds out Sharecare’s portfolio of mHealth-based therapeutic programs improving chronic disease risk and overall health outcomes by targeting varying aspects of well-being.
- Based on the work of Dr. Judson Brewer, now
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Sharecare Creates Free Embeddable COVID-19 Chatbot Screener
What You Need to Know
- Sharecare creates a free interactive, clinically validated COVID-19 screener -- that can be embedded on any organization’s website as a tool to initially screen for a person’s risk of COVID-19.
- The screener is a dynamic COVID-19 consult algorithm based on clinical guidelines from the CDC, WHO and other major medical organizations as well as primary research studies from medical literature.
- Sharecare has partnered with NTT DATA on this interactive
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