Sharecare Enters into Definitive Agreement to be Acquired by Altaris

On June 21, 2024, Sharecare (Nasdaq: SHCR), the digital health company that helps people manage all their health in one place, announced that it has entered into a definitive agreement to be acquired by an affiliate of Altaris, LLC, an investment firm exclusively focused on the healthcare industry. Under the terms of the definitive merger agreement, Sharecare stockholders will receive $1.43 in cash per share. Upon the completion of the acquisition, Sharecare will become a privately held company and its common stock will no longer be listed on Nasdaq. Certain existing shareholders, including Jeff Arnold, the Company’s founder and Executive Chairman, will roll their existing equity and continue to be significant shareholders following the transaction. The King & Spalding deal team, consisting of Rahul Patel, Keith Townsend, Jake Downing, Rob Leclerc, Zack Davis and Jess Stricklin, represented Mr. Arnold in the transaction. More information can be found here.