ATLANTA, May 26, 2017 (GLOBE NEWSWIRE) -- 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.
Sharecare 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.