Sharecare (Nasdaq: SHCR) – the digital health company that owns the home-based care platform CareLinx – is set to be acquired. An affiliate of Altaris Capital – a health care investment firm – is acquiring the company for $1.43 per share, which represents a premium of 85% on Sharecare’s closing price as of June 20. […]
CareLinx
Sharecare CEO Brent Layton took on his role at the company less than two weeks ago. He’s already touting the company’s post-acute care capabilities. “The assets that are at Sharecare today, like CareLinx, give us the ability to truly impact the post-acute care space,” Layton said at the J.P. Morgan Healthcare Conference Wednesday. “To work […]
Sharecare Inc. (Nasdaq: SHCR) – a large digital health company that owns the home-based care coordinator CareLinx – confirmed last week that it had received an unsolicited acquisition proposal from Claritas Capital. Specifically, Claritas Capital’s proposal included an acquisition of all of the outstanding shares of Sharecare common stock “for cash consideration of between $1.35 […]
Home-based care providers continue to look toward technology to address workforce issues. While there’s no silver bullet, those providers are gaining traction. One of the companies that believes it is uncovering new ways to optimize care through technology is Atlanta-based Sharecare (Nasdaq: SHCR). “One of the things that we leverage our technology for at CareLinx […]
The acquisition of technology-enabled home health company CareLinx continues to pay off for Sharecare (Nasdaq: SHCR). Under Sharecare ownership, CareLinx has seen “explosive growth,” Sharecare Chairman and CEO Jeff Arnold explained Wednesday during a fourth-quarter earnings call. The growth includes adding 1.8 million new members to CareLinx in 2022 while outpacing revenue expectations. “We expanded […]
CareLinx — a tech-enabled home-based care company that coordinates personal care services and offers clinical care services — is trending upwards. Sharecare (Nasdaq: SHCR) CEO Jeff Arnold offered up this update during the company’s third-quarter earnings call Thursday. The digital health company Sharecare is a virtual platform that helps people manage all their health needs […]
CareLinx, now a part of Sharecare, has had an eye on Medicare Advantage (MA) opportunities ever since in-home care services became a benefit under MA plans. The company is now seeing the fruits of its labor. On Tuesday, Atlanta, Georgia-based Sharecare (Nasdaq: SHCR) announced that more than 400 MA plans are utilizing CareLinx to scale […]
Last year, CareLinx entered a new phase of its business with its entrance into the clinical side of home-based care. As a result, CareLinx saw major growth, which, in turn, made the company more attractive to prospective buyers. One of those interested parties has officially made a play for CareLinx. On Wednesday, Sharecare (Nasdaq: SHCR) […]
Today, the Burlingame, California-based CareLinx Inc. has about 500,000 in-home care professionals in its nationwide network. The tech-enabled home-based care company plans to grow that total to at least 1 million by 2022. Much of that growth will be driven by a new clinical business line for CareLinx, CEO Sherwin Sheik told Home Health Care […]
CareLinx is teaming up with virtual primary care provider Doctor On Demand to give high-risk seniors access to services in their homes. Burlingame, California-based CareLinx is a tech-enabled home care platform that connects seniors and their families to its nationwide network of 400,000 caregivers. The company was acquired by Generali Global Assistance in 2017. Under […]
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