HEALTH TECHNOLOGY

Sharecare and Falcon Capital Acquisition Corp. to Merge, establishing a Publicly Traded Digital Health Company

Sharecare | February 15, 2021

Sharecare and Falcon Capital Acquisition Corp. to Merge, establishing a Publicly Traded Digital Health Company

Sharecare and Falcon Capital Acquisition Corp. has entered into a definitive merger agreement. Sharecare is a digital health company, one stop place to help people with all their medical requirements. Falcon Capital Acquisition Corp. is a special purpose acquisition company. After the closing of transaction, the company will know as Sharecare, Inc. It will also be listed, under the ticker symbol SHCR, on NASDAQ. Also, initially, it will have an enterprise value of $3.9 billion. It will also have approximately $400 million in growth capital to drive sales force expansion, sustained growth, M&A, and new digital offerings including the continuation and completion of doc.ai acquisition.

Inclusive of the PIPE investors, approximately 20% of the new company, led by Alan Mnuchin, Falcon Capital Acquisition Corp. will own.  Jeff Sagansky and Mr. Mnuchin will join board of directors of Sharecare.

Falcon's $345 million of cash, 425 million fully committed PIPE at $10.00 per share, and Anthem investment are the funds for the transaction. As share care is looking forward to enhance the healthcare experiences with developments of new products and services, Anthem will start its partnership with Sharecare.

The transaction suggests a Sharecare initiative worth of $3.9 billion, or about 9.5x 2021 estimated net income. It is projected that post-transaction, Sharecare will have around $400 million on its balance sheet to account development initiatives.

In joining with the future transaction, at closing, Sharecare and Falcon will contribute over $4 million in the enduring company's stock to Sharecare's charitable foundation to provision welfare initiatives that exemplify the company's spirit to prove a promise to definitely impacting public health.

The transaction, which has been solidly accepted by the boards of directors of Sharecare and Falcon, is likely to close in the next quarter of 2021, subject to receiving of Falcon stockholder endorsement and the gratification of other expected closing circumstances.

Extra information about the future transaction, with a copy of the union agreement and saver performance, will be providing in a Current Report on Form 8-K to be filed by Falcon with the Securities and Exchange Commission.

About Sharecare

The leading digital health company, Sharecare, helps people to manage all their health in one place. The comprehensive platform of Sharecare is designed to help people, employers, providers, government organizations, health plans of all health conscious individuals and their well-being. Driven by their philosophy, they are committed to provide accessible and high quality healthcare to everyone.

About Falcon Capital Acquisition Corp.

As newly incorporated blank check company, Falcon Capital Acquisition Corp. has the business purpose to effect a merger, asset acquisition, capital stock exchange and stock purchase. Although the company may co-operate with nay industry or sector initially, it has the intention to focus more on digital media/consumer technology, media, interactive entertainment, mobile gaming, health wellness/lifestyle, and many other related industries. The chief executive officer and founder of Ariliam Group, Alan G. Mnuchin, is the leader of Company's management team.

Spotlight

"In this webinar, which is geared for managers and executives, Dale Sanders provides a new version of a very popular lecture he presented at this year's Health Analytics Summit in Salt Lake City. Attendees will gain an understanding of: What to expect from predictive analytics as it relates to human behavior A general overview of predictive analytics models, and the contexts in which those various models should and should not be used The scenarios in which predictive models in healthcare are effective and when they are not, given that 80% of population health outcomes are determined by socio-econonic factors, not healthcare delivery The relationship between predictive analytic accuracy and topics of data management such as data quality, data volume and patient outcomes data


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INSURANCE

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Exela Technologies | January 12, 2022

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FUTURE OF HEALTHCARE

Virtua Health and Medtronic Share Plans to Reimagine Traditional Health Care Models

Virtua Health | December 16, 2021

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HEALTH TECHNOLOGY

Frost & Sullivan Awards proteanTecs Best Electronics Health Monitoring Technology

proteanTecs | December 23, 2021

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DIGITAL HEALTHCARE

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Purpose Investments | January 19, 2022

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Spotlight

"In this webinar, which is geared for managers and executives, Dale Sanders provides a new version of a very popular lecture he presented at this year's Health Analytics Summit in Salt Lake City. Attendees will gain an understanding of: What to expect from predictive analytics as it relates to human behavior A general overview of predictive analytics models, and the contexts in which those various models should and should not be used The scenarios in which predictive models in healthcare are effective and when they are not, given that 80% of population health outcomes are determined by socio-econonic factors, not healthcare delivery The relationship between predictive analytic accuracy and topics of data management such as data quality, data volume and patient outcomes data

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