SHCR - Sharecare confirms Claritas Capital buyout offer for $1.35 to $1.80/share

2023-10-12 16:55:17 ET

Sharecare ( NASDAQ: SHCR ) on Thursday confirmed that it had got a buyout offer from Claritas Capital for a cash consideration of between $1.35/share and $1.80/share.

The digital health company provides personalized health-related information that consumers can track, along with services such as getting health advice and finding doctors.

The company was co-founded by television personality Mehmet Oz and WebMD founder Jeff Arnold. According to its website, SHCR has tied up with more than 1.1M providers and 6K hospitals and health practices.

Sharecare ( SHCR ) stock soared more than 27% on Wednesday after the company disclosed that board member John Chadwick, on behalf of Claritas Capital, had submitted the proposed deal on October 3.

As per SHCR's closing stock price of $0.90 on October 3, the proposal by Claritas Capital ranges from a premium of 50% to 100%. As per SHCR's closing stock price of $1.19 on Wednesday, the day when the proposal was disclosed, the premium ranges from 13% to 51%.

"The Company's Board of Directors will carefully review Claritas’ proposal with the Board’s advisors and pursue the course of action it determines to be in the best interests of the Company and all of its stockholders," Sharecare ( SHCR ) said in a statement .

Class A shares of SHCR were up 2.5% to $1.22 after hours.

More on Sharecare

• Sharecare's Growth Is Slowing As Investor Makes A Tepid Move To Acquire
• Sharecare, Inc. (SHCR) Q2 2023 Earnings Call Transcript
• Sharecare reports mixed Q2 earnings; initiates Q3 and reaffirms FY23 outlook
• Seeking Alpha’s Quant Rating on Sharecare

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