Sharecare in its $540 million acquisition by an affiliate of Altaris

On June 12, 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, representing a premium of approximately 85% over the closing price of Sharecare on June 20, 2024, the last trading day prior to public disclosure of the transaction.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Sharecare.