Sharecare Receives Investment from Summit Partners

Sharecare, an Atlanta, GA-based digital health company, received an investment from global alternative investment firm Summit Partners.

The amount of the deal was not disclosed.

The company intends to use the debt capital to fund new capabilities and acquire talent.

Founded in 2010 by Jeff Arnold and Dr. Mehmet Oz, and led by Justin Ferrero, president, Sharecare provides an AI-powered platform that leverages smartphones to give people (employees, health plan members, patients, self-motivated individuals or caregivers) access to the care they need, when they need it. The platform simultaneously focuses on an individual’s holistic health needs to drive daily engagement, while aggregating a critical mass of behavioral data. Artificial intelligence is applied to that data in real-time to accurately personalize recommendations, and predict and influence positive outcomes for each individual, which enables anyone to simplify, engage with and manage their health, in a single place.

Backers 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); Discovery Communications, Harpo Productions, Sony Pictures Television; Claritas Capital; Wellington Management; Wells Fargo; and Swiss Re.



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